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This is the best opportunity to own the business of a running boutique hotel near the beach Jumeirah. Dubai. The net profits are really good too AED1.4mn approx and can easily be improved to 1.9mn if you invest aed350-500,000.
32 keys, 3 retail outlets, swimming pool, large in & out terraces, courtyards, all on huge plot 78,000sqft and only 20m to the beach...what's not to like?
Selling at a very reasonable price as the owner wishes to retire.
Lease
AED1,500,000 per annum
Jumeirah near the golden sandy beach
Amazing prime location idylic for tourists by the beach and loaded with shops and eateries, having 32 keys + 3 outlets (currently under renovation) 2 mins walk to the beach. Private compound. Can upgrade to 3 star with low capex. 80% average occupancy.
Massive potential can upgrade to 3 star to increase occupancy and room rates. Obtain liquor License for a profit surge.
Low
retirement
24/7
NO
