Details on my Subleasing deal
Initial one time investment
Furniture: furnished apartment
Agents commission: 8,665 dirhams
Security deposit: 9,500 dirhams
Other minor cost for balcony 7,400 dirhams
Every year:
Expected revenue: 400,000 - 445,000 dirhams
Rent to landlord: 190,000 dirhams
Utilities and expenses: 40,000 dirhams
Results:
My net profit should be around 140,000 - 170,000 dirhams per year.
Rent:
I am paying 190,000 Dirhams in 4 cheque.
Revenue:
This is my 2 bedroom apartment in the area, I am very positive with this apartment as it has full burj view, I am estimating 350,000 dirhams for the year based on what I am seeing other Airbnbβs are getting booked at and the preformance of my other 2 bedroom apartments near by.
Other expenses:
Internet, gas, water, electricity, permits, air conditioning and other additional costs come out to about 45,000 dirhams per year.
Furniture:
I am working with a superior new interior design company on this one, i have worked with them before. I am always trying to keep the interior design at next level so letβs hope this comes out well.
Agent:
The agent that got me the deal was superb!
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Luxurious 3 bedroom + Maid penthouse on the 56th floor with a splendid view of Burj Al Arab and Burj Khalifa, expect and ROI of about 200k/year.
Contact now +971 545183050
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Experience the Splendor of Downtown Living:
- 1 Bedroom Apartment
- Rent: $3,000
- Setup Cost: $8,000
- Monthly Profit: $2,000
Join us for a viewing and immerse yourself in the beauty of this stunning apartment with breathtaking views.
+971 545183050
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Embark on your next adventure with REST N ROAM as your trusted vacation planner and property management partner. Indulge in the finest accommodations and curated experiences, ensuring your stay with us is nothing short of extraordinary.
Join us on a journey where elaxation meets adventure
Contact us: +971 545183050
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