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1 Bed in Al Andalus B, Jumeirah Golf Estates (901)

1 bed

2 bath

777 sq.ft

Jumeirah Golf Estates

Dubai, United Arab Emirates

A mature real estate market with a high return on investment

Rented

Currently occupied and professionally managed by our team

Current rent is AED 6,167 per month

Distributed monthly among all investors after standard charges and fees

7.99% annual gross yield

With a net yield of 5.5% and a price per square foot of AED 1,983

All information on this page is from the date that the property closed funding.

Investment calculator

Property Overview

Stake is offering an opportunity to invest in a 1-bedroom apartment in Al Andalus Tower B, Jumeirah Golf Estates.

Jumeirah Golf Estates (JGE) is a prestigious residential community in Dubai South, built around two championship golf courses, offering residents luxurious living options from mansions and villas to townhouses and apartments. The community is divided into several sub-districts offering top amenities like golf clubs, community centers, and landscape features. JGE is located a few minutes away from Expo City and Al Maktoum airport.

Al Andalus is a brand-new gated community within JGE, designed after the Andalusia region in southern Spain. The development offers residents modern living choices from 90 townhouses and 8 mid-rise buildings with 700 apartments. The amenities include swimming pools, sports facilities, a supermarket and play areas.

Financials

Rental income (Year 1)

Annual gross rent

9.35%

Service charges

03 October 2023

Mgmt. and maintenance

AED 950,000

Investment cost

AED 950,000

Property cost

Property price

AED 925,814

Transaction costs

03 October 2023

Stake fee

AED 950,000

Annual net income

AED 950,000

This is an estimate for the 1st year of ownership

Funding timeline

Each step may occur earlier than the dates below

Location

The Greens and Views, Dubai, United Arab Emirates

Securing a position in the centre of the city, The Greens and Views are part of the green communities that make up Emaar’s Emirates Living Project. The area benefits from a well-established neighbourhood in a prime location, set among lush greenery. You’ll find popular public transport routes just a short walk away, and a wholesome communal environment offering a range of lifestyle amenities and a complete shopping centre within.

Amenities

Gym

Pool

Documents

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Property price

AED 925,814

100

281 investor

Closed on : 03 October 2023

Annualised return

9.35%

Funded date

03 October 2023

Current valuation

AED 950,000

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