Great Opportunity for investors and small developers
Property Details:
16 Townhouse Plots (adjacent)
G+1 Freehold
No service charges for a lifetime
12 middle plots
4 Corner plots
Total size: 46,356.04 Sqft
Selling price: AED 14,000,000
Investment Model:
Acquisition Cost: AED 859,000 approx
Expected construction cost: AED 14,000,000 approx.
Total Villas cost till completion: AED 28,859,000
Total expected sale(lowest market price taken): AED 41,400,000
Expected profit from the sale of AED 12,541,000 approx
Profit from selling individual ready units: AED 43%
Expected time for construction and liquidation: 2 years
Middle villa plots are 2583 sqft each
4 corners: 1099 sqft, 1027 sqft, 1240 sqft, 1240 sqft
All plots BUA can be reached more than 4000 sqft (But 3500 sqft taken for the above feasibility)
Further details will be shared for the serious client in a meeting.
