0%

Estimated ROI

58,000,000

PRICE (AED)

26,124

SIZE (SQFT)

2,220.18

PRICE PER SQFT

REF.NO
: PS-122629
Deal
: Sale
Project
: Olive Park Residence
Area
: International City
Type
: Building-Residential
Builtup Area
: sqft
Height
:
Main View
: Community
Ownership
:
Listed by
: Mohammad Jarrar

Property Overview

Olive Park Residence Situated in the vibrant International City 2, Olive Park Residence offers exceptional connectivity and convenience. -Building Overview: - Total of 106 residential units: 76 studios and 30 1-BHK apartments. - Spread across a basement, ground floor, and 1st to 5th floors. - Plot Size: 26,124ft²; Built-Up Area: 107,070 ft²; Sellable Area: 63,464 ft². Amenities and Utilities: - Facilities include a gym, swimming pool, and a multi-purpose room. - Equipped with a centralized gas system and SIRA-compliant CCTV. - Offers male and female changing rooms and showers. Parking: - Total of 109 parking spaces: one for each flat plus 3 extra. - Parking floors are located in the basement and ground levels. -High-Quality Finishes: - Elegant Armani Grey and White Wood Marble in entrance and lift lobbies. - Kitchens with off-white quartz tops and bathrooms with Vitra sanitary ware. - Light fittings feature energy-efficient LED technology. Financial Highlights: - Selling Price: AED 58,000,000. - Net Annual Rent: AED 4,350,000 with an attractive ROI of 7.5%. - Net Rent for 3 Years: AED 13,050,000. Safety and Systems: - Advanced fire safety with Naffco fire pump and alarm system. - Trane AC units and Guardian double-glazed sunguard HD glazing.

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