Zada Tower by DAMAC
Marasi Dr - Business Bay - Dubai - United Arab Emirates
1 bedroom
1
470 sqft
$190,579
Total investment:
Unit price now:
$258,640
Annual revenue:
$32,970
Cash-on-cash return:
12,1%
+35%
Property Information
Type of the unit:
1 bedroom
Unit price:
$190,579
Furnishing & Repair:
$0
Contract period:
Updating
Developer:
DAMAC
District:
Business Bay
Price per sqft:
$405/sqft
Сompletion date:
Q4 2022
№1420
Unit no
Zada Tower, developed by DAMAC Properties in the Business Bay district of Dubai, offers a compelling investment opportunity, highlighted by its central location and luxury offerings. Here’s a focused overview of its investment appeal:
Investment Potential
1. Strong Rental Demand: Business Bay’s dynamic environment ensures steady demand from expatriates and professionals, promising high rental yields.
2. Capital Appreciation Prospects: With Business Bay's ongoing development and Dubai's real estate market growth, Zada Tower is positioned for potential capital appreciation.
Developer Reputation
1. DAMAC Properties: A leading developer in the region known for its luxury projects, adding a layer of investment security.
2. Reliable Investment: Investing in a DAMAC project means benefiting from the developer’s track record of delivering high-quality, desirable properties.
Market Positioning
1. Attractive to Young Professionals: Its location and amenities make it particularly appealing to young professionals and small families looking for urban living.
2. Unique Selling Proposition: Zada Tower differentiates itself with a blend of luxury, location, and lifestyle, standing out in Dubai’s competitive real estate landscape
Investment Potential
1. Strong Rental Demand: Business Bay’s dynamic environment ensures steady demand from expatriates and professionals, promising high rental yields.
2. Capital Appreciation Prospects: With Business Bay's ongoing development and Dubai's real estate market growth, Zada Tower is positioned for potential capital appreciation.
Developer Reputation
1. DAMAC Properties: A leading developer in the region known for its luxury projects, adding a layer of investment security.
2. Reliable Investment: Investing in a DAMAC project means benefiting from the developer’s track record of delivering high-quality, desirable properties.
Market Positioning
1. Attractive to Young Professionals: Its location and amenities make it particularly appealing to young professionals and small families looking for urban living.
2. Unique Selling Proposition: Zada Tower differentiates itself with a blend of luxury, location, and lifestyle, standing out in Dubai’s competitive real estate landscape
What’s Special
Property Facts & Features
Purchase Price: $190,579
Bedrooms: 1
Bathrooms: 1
Sqft: 470 ($405/sqft)
Bedrooms: 1
Bathrooms: 1
Sqft: 470 ($405/sqft)
Property Details
Revenue: $32,970/yr
Cap Rate: 12,1%
Gross Yield: 17,3%
Cash-on-Cash: 12,1%
Cap Rate: 12,1%
Gross Yield: 17,3%
Cash-on-Cash: 12,1%
Returns
Revenue: $32,970/yr
Average Daily Rate: updating
Occupancy Rate: updating
Average Daily Rate: updating
Occupancy Rate: updating
Rental Estimate
Average 1 bedroom Values: $335,400
Average Revenue: $24,500/yr
Average Occupancy: updating
Number of 1 bedroom rentals: 130
Average Revenue: $24,500/yr
Average Occupancy: updating
Number of 1 bedroom rentals: 130
Business Bay Market Data
Rental Estimate
High
$3,724
Average
$2,747
Low
$1,723
Rental Data for Business Bay
130
Number of 1 bed. rentals:
39%
ROI Score:
$24,500/yr
Average Revenue:
Rental Listing by buildings
Average Revenue by buildings
Building
Listings
Revenue
Damac Maison Prive
SLS Dubai Residences
Aykon City
43
31
31
$22,300/yr
$23,460/yr
$26,100/yr
$19,500/yr
$18,000/yr
Zada Tower
15 Northside
Building
Building
25
14
96
96
$25,300/yr
Financial Overview
17,3%
Gross Yield:
12,1%
Cap Rate:
12,1%
Cash-on-Cash Return:
Total Investments
Financing
Revenue
Expenses
Upfront equity
Net Operating Income
Leveraged Net Cash Flow
$190,579
$0
$2,747/mo
$826/mo
$190,579
$23,060/yr • $1,921/mo
$23,060/yr • $1,921/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
updating
03/10/2023
26/02/2024
02/22/2024
02/22/2024
02/22/2024
02/22/2024
Purchase
Price change
Price change
Price change
Price change
$190,579
$234,140
$258,640
$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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