15 Northside Tower
15 Northside Tower - Business Bay - Dubai - United Arab Emirates
Studio
1
380 sqft
$191,536
Total investment:
Unit price now:
$236,900
Annual revenue:
$27,964
Cash-on-cash return:
10,2%
+24%
Contact us
Thomas Jones
Investment adviser
№1405A
Unit no & Contract
Property Information
Type of the unit:
Studio
Unit price:
$191,536
Furnishing & Repair:
$0
Contract period:
25/05/2023 - 24/05/2024
Developer:
Select Group
District:
Business Bay
Price per sqft:
$504/sqft
Сompletion date:
Q4 2022
№1405A
Unit no & Contract
15 Northside, positioned in the dynamic Business Bay district of Dubai, presents an attractive investment opportunity with its modern design and strategic location. Here's a detailed look at its investment appeal:
Strategic Location
1. Prime Business Bay Setting: Situated alongside the Dubai Canal, offering stunning waterfront views and proximity to iconic landmarks like Dubai Mall and Burj Khalifa.
2. Superior Connectivity: Benefits from easy access to Sheikh Zayed Road and the Dubai Metro, making it highly appealing to professionals working in Dubai's financial district.
Investment Potential
1. Robust Rental Market: The tower's location in Business Bay, a commercial hub, ensures a continuous demand from expats and business professionals.
2. Growth Potential: Given Business Bay's status as a leading business district, properties like 15 Northside are likely to appreciate over time.
Market Positioning
1. Desirable for Work and Play: The mix of residential comfort and proximity to business centers and leisure destinations makes 15 Northside a sought-after property.
2. Distinctive Offering: The project stands out with its waterfront location and premium amenities, differentiating it from other Business Bay properties
Strategic Location
1. Prime Business Bay Setting: Situated alongside the Dubai Canal, offering stunning waterfront views and proximity to iconic landmarks like Dubai Mall and Burj Khalifa.
2. Superior Connectivity: Benefits from easy access to Sheikh Zayed Road and the Dubai Metro, making it highly appealing to professionals working in Dubai's financial district.
Investment Potential
1. Robust Rental Market: The tower's location in Business Bay, a commercial hub, ensures a continuous demand from expats and business professionals.
2. Growth Potential: Given Business Bay's status as a leading business district, properties like 15 Northside are likely to appreciate over time.
Market Positioning
1. Desirable for Work and Play: The mix of residential comfort and proximity to business centers and leisure destinations makes 15 Northside a sought-after property.
2. Distinctive Offering: The project stands out with its waterfront location and premium amenities, differentiating it from other Business Bay properties
What’s Special
Property Facts & Features
Purchase Price: $191,536
Bedrooms: 1
Bathrooms: 1
Sqft: 380 ($504/sqft)
Bedrooms: 1
Bathrooms: 1
Sqft: 380 ($504/sqft)
Property Details
Revenue: $27,964/yr
Cap Rate: 10,2%
Gross Yield: 14,6%
Cash-on-Cash: 10,2%
Cap Rate: 10,2%
Gross Yield: 14,6%
Cash-on-Cash: 10,2%
Returns
Revenue: $27,964/yr
Average Daily Rate: updating
Occupancy Rate: updating
Average Daily Rate: updating
Occupancy Rate: updating
Rental Estimate
Average Studio Values: $313,000
Average Revenue: $17,700/yr
Average Occupancy: updating
Number of studio rentals: 111
Average Revenue: $17,700/yr
Average Occupancy: updating
Number of studio rentals: 111
Business Bay Market Data
Rental Estimate
High
$3,241
Average
$2,330
Low
$1,391
Rental Data for Business Bay
111
Number of studio rentals:
39%
ROI Score:
$17,700/yr
Average Revenue:
Rental Listing by buildings
Average Revenue by buildings
Building
Listings
Revenue
Damac Maison Prive
AG Tower
Waves Tower
33
31
17
$15,470/yr
$16,200/yr
$18,300/yr
$19,500/yr
$18,000/yr
Zada Tower
15 Northside
Building
Building
16
14
96
96
$17,250/yr
Financial Overview
14,6%
Gross Yield:
10,2%
Cap Rate:
10,2%
Cash-on-Cash Return:
Total Investments
Financing
Revenue
Expenses
Upfront equity
Net Operating Income
Leveraged Net Cash Flow
$191,536
$0
$2330/mo
$702/mo
$191,536
$19,536/yr • $1,628/mo
$19,536/yr • $1,628/mo
This is the amount of equity, or money, needed to initially acquire the property based on your financing choices and other expenses, including furnishing and initial expenses.
Also referred to as NOI, this is the amount of money you’ll be making per year from your investment, after fees and taxes. This number does not factor in mortgage payments.
Also referred to as Lev. NCF, this is the amount of money you’ll net yearly after paying mortgage payments. This dollar amount is all-inclusive, taking into account not only mortgage payments but also the taxes and fees that are factored into NOI as well.
Price History
Date
Event
Price
21/05/2023
13/11/2023
25/02/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
Purchase
Price change
Price change
Price change
Price change
$191,536
$222,300
$236,900
$46,641/yr
$57,801/yr
$68,214/yr
02/22/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
Price change
Price change
Price change
Price change
Price change
Price change
Price change
$19,207/yr
$20,936/yr
$33,252/yr
$46,641/yr
$57,801/yr
$68,214/yr
Zada Tower by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$190,579
$32,970
12,1%
Rented
Ghalia by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$108,950
$16,342
10,5%
Rented
15 Northside Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$191,536
$27,964
10,2%
Rented
The Waves Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$234,150
$27,395
8,2%
Rented
Anwa Tower by Omniyat
Total investment:
Annual revenue:
Cash-on-сash return:
$264,070
$26,116
6,9%
Rented
Paramount Tower Hotel & Residences
Total investment:
Annual revenue:
Cash-on-сash return:
$429,695
$40,391
6,6%
Rented
Zada Tower by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$190,579
$32,970
12,1%
Rented
Ghalia by DAMAC
Total investment:
Annual revenue:
Cash-on-сash return:
$108,950
$16,342
10,5%
Rented
15 Northside Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$191,536
$27,964
10,2%
Rented
The Waves Tower
Total investment:
Annual revenue:
Cash-on-сash return:
$234,150
$27,395
8,2%
Rented
Anwa Tower by Omniyat
Total investment:
Annual revenue:
Cash-on-сash return:
$264,070
$26,116
6,9%
Rented
Paramount Tower Hotel & Residences
Total investment:
Annual revenue:
Cash-on-сash return:
$429,695
$40,391
6,6%
Rented
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