Fraction- Re Sale - 5% Returns - No Personal Use

0 Bedroom Hotel Apartment for Sale in SLS Dubai Hotel and Residences, Business Bay, Dubai

  • Size 651 sqft

  • BedroomStudio

  • Bath1

  • Parkings

  • DeveloperWOW Real Estate Development

  • TypeHotel Apartment

  • Price per sqft AED 922

  • ViewCommunity

  • Vacant on

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About this property

*This is a RE-Sale of a Fractional Unit. Agency fee will be applied.* This is a Fractional Ownership opportunity for the first time in Dubai for a READY 5 Star Hotel in the heart of Dubai in BUSINESS BAY - As an Investor you will be obtaining a DLD Issued Individual Ownership Certificate - 4 to 5% Guaranteed NET Returns for up to 10 years which is paid out Monthly with No hidden fees and No Service Charges. - After 10 years , the Returns will be as per the Revenue Share from the Hotel Rental Pool. - There is also a Buy-Back Option after 10 Years , in which you can sell the Fraction back to the Developer at 460,000 AED - Other Benefits that come with this investment include - 7 Days/year/Fraction stay at the Hotel for 10 years & ACCOR Hotels Diamond Membership. - The Fraction can be sold anytime without an NOC from the other fraction owners of the unit. Some of the Key Features about SLS Dubai : -Developed by WOW (World of Wonders Real Estate Development) -The hotel is currently operated by US based SBE Entertainment Group , which is now owned by Accor, the largest hospitality company in Europe, and the 6th largest worldwide. -The building contains 254 hotel rooms, 321 hotel apartments and 371 residential apartments -There are two infinity pools at a height of 325m on the 75th floor roof top providing panoramic views over the city including the Burj Khalifa.

Permit No. 71430371537

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AED 600,000

Ref No. AS-77150

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