Investment Opportunity | Hotel Apartments | Mankhool
Hotel Apartment For Sale40,000,000 AED
Permit Number: 6584361000
Area Sq. M.23608.54
Property DescriptionRef # : SL211123-622605
Savills Middle East are pleased to bring this consistently high performing hotel apartment investment opportunity to market, please see property highlights below. - Located in Mankhool, directly behind Burjuman shopping mall and metro station - GCC Freehold Title - Ground plus seven upper floors - Built-up-area extending to 254,120 sq. ft - 56 Units; 14 x Studios / 28 x 1BR / 14 x 2BR - Good provision of amenities including an outdoor swimming pool, gym, sauna, lounge, restaurant, 24/7 concierge, airport transfers and free Wifi - Health club is located on the rooftop - Basement parking provision - Currently c. 95% occupied - Easily accessible, c. 5-min walk from Burjuman metro station and D79 provides access by road Mankhool is a well established predominantly residential submarket in Bur Dubai, the area offers a range of residential accommodation alongside hotels, hospitals, schools, parks and a commercial offering. The area benefits from a good provision of retail, with BurJuman mall offering convenience retail for locals as well as attracting visitors with a cinema and other destination concepts. Two metro stations provide easy access to the area and the D88 connects the locality efficiently to E11 Sheikh Zayed Rd which provides accessibility to the wider city.