- Updated On:
- October 13, 2024
Description
Reference: hillsnbay-10325156
Agent: Syed Adil Waqar
If you’re considering buying office space in The Regal Tower, Business Bay, with the property currently rented until November and offering a 10% return on investment (ROI), here are a few things you might want to keep in mind:
Location: Business Bay is a prominent business district in Dubai, known for its high-rise buildings and commercial appeal. The Regal Tower is centrally located, which can be advantageous for attracting tenants and maintaining property value.
Current Tenancy: Since the property is rented until November, you’ll have immediate rental income, which can be a significant plus. Make sure to review the lease agreement to understand the terms and ensure there are no clauses that might affect your investment.
ROI: A 10% ROI is quite attractive. However, ensure that this figure is based on accurate calculations and includes all relevant costs such as property management fees, maintenance, and taxes.
If everything checks out, it sounds like a promising investment opportunity!
- Principal and Interest
- Property Tax
- HOA fee
