Studio for Sale in SLS Dubai Hotel and Residences, Business Bay, Dubai

Spacious | Well maintained | Ideal for investment

  • Size 165 sqft

  • BedroomStudio

  • Bath1

  • Parkings

  • DeveloperWOW Real Estate Development

  • TypeApartment

  • Price per sqft AED 3,212

  • ViewCommunity

  • Permit No.0159371240

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About this property

fam Properties has the pleasure of offering Fractional Ownership opportunity for the first time in Dubai for a READY 5 Star Hotel in the heart of Dubai. - As an Investor you will be obtaining a DLD Issued Individual Ownership Certificate for every fraction of the unit. - 7% 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 the same price, and in this case the Returns will be 5% NET for 10 years. - Other Benefits that come with this investment include - 7 Days/year/Fraction stay at the Hotel for 10 years & ACCOR Hotels Diamond Membership. - Each Fraction can be purchased or sold anytime without an NOC from the other fraction owners of the unit. There are various Unit Types in the Hotel with different Prices/Fraction. Starting with : Studio - AED 460,000 per fraction 1 Bed Simplex - AED 530,000 per fraction 1 Bed Loft - AED 710,000 per fraction 1 Bed Duplex - AED 760,000 per fraction 2 Bed Loft - AED 1,150,000 per fraction 2 Bed Duplex - AED 1,150,000 per fraction Some of the Key Features about SLS Dubai : -Developed by WOW (World of Wonders Real Estate Development) -Construction began in 2016 and was completed by March 2021 -The hotel is currently operated by US based SBE Entertainment Group - under the SLS Brand. -SBE Group is now owned by Accor, which is the largest hospitality company in Europe, and the sixth 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

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Price

Total price
AED 530,000

Ref No. AS-68055

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