Short Term Rentals
– About Dubai Old Town
Traditional markets, authentic meals and cultural experiences await in Dubai’s historic areas. Journey into Dubai’s past with a visit to the heritage district located on the banks of the Dubai Creek. This neighbourhood is home to some of the city’s finest cultural gems. If you explore, you’ll find XVA Art Gallery that showcases contemporary Arabian works, and the Sheikh Mohammed Centre for Cultural Understanding, where visitors can learn more about Emirati traditions.
Merchants from neighbouring countries would sail in to peddle their wares here and today, gold, perfumes and textiles are still sold in the storied markets of Deira. The greatest sensory feast comes from the Spice Souk, which is alive with vibrant colours and aromas of some of the world’s most prized spices.
1 Bedroom Furnished Apartment
Net Yearly Profit approx 31,000 AED
Living Room
Living Room
Kitchen
Kitchen
Bedroom
Bedroom
Bathroom
External
Overview On Investment - 1 Bedroom in Dubai Old Town
Setup Costs:
DTCM Fee 370 AED (£82.22)
Ejari Tenancy
Registration 200 AED (£44.44)
Broker Fee 5250 AED (£1,166.67)
Luke Stays
Sourcing Fee 2250 AED (£500)
DEWA
Activation Fee 300 AED (£66.67)
Furniture
Pack & Installation 0 AED (£0)
Total Setup Costs:
8,370 AED (£1,860)
Deposits:
DEWA 2,000 AED (£444.44)
Emicool 2,000 AED (£444.44)
Rent Security 5,250 AED (£1,166.67)
Total Deposits:
9,250 AED (£2,055.56)
Operational Costs:
Rent 105,000 AED (£23,333.33)
Utilities Estimate 18,000 AED (£4,000)
WiFi 4,560 AED (£1,013.33)
Cleaning & Linen 21,600 AED (£4,800)
Management
Fee 20,100 AED (£4,466.67)
Total Operating Costs:
169,260 AED (£37,613.33)
Projected Revenue
Exc. OTA Fees
200,000 AED (£44,444.44)
investment overview
Net Profit Per Year 30,740 AED (£6,831.11)
ROCE 367.26%
3-Year Profit 83,850 AED (£18,633.33)
5-Year Profit 145,330 AED (£32,295.56)