BRAND NEW 4-STAR HOTEL @ PALM JUMEIRAH

  • AED 380,000,000
  • AED 0/Net to the owner
Featured For Sale
Dubai, United Arab Emirates
Featured For Sale
Dubai, United Arab Emirates
  • AED 380,000,000
  • AED 0/Net to the owner

Overview

Property ID: BZR-HL001-9124
  • Hotels
  • Property Type
  • 97,048.33
  • sq. ft
  • BZR-HL001-9124
  • Property ID

Overview

  • Hotels
  • Property Type
  • 97,048.33
  • sq. ft
  • BZR-HL001-9124
  • Property ID

Description

This luxury 4 star hotel located at the trunk of the largest man-made island, The Palm Jumeirah Dubai. This project is one of a kind presenting the only Shariah compliant hotel which is certainly due to receive a lot of interest. This hotel consisting of 180 keys, will serve the needs of a growing upscale audience searching for stylish and high standard accommodation which is reasonably priced and conveniently located.


This Hotel will provide its clients easy access from the entrance of the Palm and easy exit which will undoubtedly speed travel for business people wishing to reside in the area. The interiors of the hotel will be bold and minimalist, with a contemporary Arabian style, based on simplicity, contrast and layering of materials.

Valuation Details:

Date of last valuation: 6th September, 2021
Valuation done by: Land Sterling
VALUATION: 496,100,000 AED
This valuation was done in September 2021. According to the current market value, there is a 20% appreciation in the value. Considering the appreciation rates,

PROJECTED VALUATION IN 2024: 595 MILLION AED

*Non alcoholic now, but new owner can take license.

Contact us now to explore this exceptional investment opportunity!

#PalmJumeirahHotel #ShariahCompliant #LuxuryHospitality #DubaiPropertyInvestment #HotelInvestment #UpscaleAccommodation #DubaiRealEstate #InvestmentOpportunity

Details

Updated on January 25, 2024 at 8:25 am
  • Property ID: BZR-HL001-9124
  • Price: AED 380,000,000
  • Property Size: 97,048.33 sq. ft
  • Land Area: 29,093.24 sq. ft
  • Property Type: Hotels
  • Property Status: For Sale

Additional details

  • Configuration: B+G+11 floors
  • No.of keys: 180
  • Work completion status: 95% completed
  • Handover: End of January, 2024

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Shebeer Ismail

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Shebeer Ismail
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