3 bedroom transformation that achieved a total of 24% return on investment
Before:
his 160 sqm three-bedroom apartment boasted stunning views of the Ain Dubai, Bluewaters Island, and the sea. However, its potential was limited by its current condition, despite its prime location and size.
WHAT WE DID:
To use the full potential of this exceptional property, we took on a comprehensive renovation project.
- Space Improvement:We reviewed the existing layout, focusing on optimizing the flow and functionality of each room.
- Updated Design: We reimagined the interior with premium materials and a modern, sophisticated aesthetic.
- Expanded Guest Capacity:We enhanced the apartment's capacity to accommodate up to 11 guests
AFTER:
This transformed apartment now redefines urban living. Sophisticated design, premium materials, and breathtaking views create a memorable guest experience.
Key highlights:
- Increased Revenue: Of €109,000 from short term rental, and a net profit of €88,400 after all expenses such as service charges, utility and management fees
- Enhanced ROI: The project delivered a significant increase in ROI, achieving a remarkable 24.50% from short term rent and capital gain return.
- Increased Property Value: The strategic renovations and the robust Dubai real estate market have significantly appreciated the property's value, from €860,000 to €990,000.
Outcome:
This transformation serves as a testament to the power of thoughtful planning and meticulous execution in unlocking the full potential of a property and maximizing its return on investment in the competitive Dubai market.
