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120,000.00AED

Highly profitable bed space rental business for sale in Dubai

  • Highly profitable bed space rental business for sale in Dubai
Description
Price : 120,000.00AED
Date : April 6, 2021
How does your business make money? : 0
Why should someone buy this business? : 0
How can the future owner improve this business? : ....
Seller Notes : .......
Description : .....
Location :Al Rigga, Deira, Dubai, UAE

Selling a highly profitable partition (or bed space) rental business in a fully-serviced apartment in a prime location in Al Rigga.

The business generates a consistent and predictable monthly income (ROI) through the monthly rental of cozy and affordable bed spaces for executive ladies.

The apartment is fully tenanted due to its premium facilities, consistent cleanliness, fantastic location, and the shortage of quality bed spaces in the market.

– Fully tenanted with 95% female tenants – multi-cultural

– Around 50% to 60% NET ROI minimum (calculated after all costs).

– Fully closed private partitions (floor to ceiling) with only 2 people per partition and private fan and A/C in each partition.

– 3 min walk to Al Rigga metro station

– Same building or next to: New Era, Families, Viva, Westzone supermarkets

– Very well maintained and quiet building.

600 – UPPER BED

700 – LOWER BED

Minimum Rental income: 18-19K AED per month

– Apartment rent: 8,750 AED per month

– Dewa + Gas cylinder: 2,300 AED per month (max)

– Manager/Cleaner’s Salary: 1 free bed space + 300 AED / month

• Brand new Wardrobe / furniture 

• 4 bathrooms, all with toilets / shower cabins

• Fully equipped kitchen with state of the art

(brand new) appliances (under warranty)

• Daily cleaning service

• Strong routers for best Internet coverage

• Manager / Cleaner available 24/7

• All partitions include own A/C exhaust + Fan

• All partition tenants have access to balconies

• Washer AND Dryer (under warranty)

• Large Fridge and quality furniture (under warranty)

• Water cooler, (under warranty)

• CCTV to ensure adherence to all the cleanliness rules and eliminate any conflict between tenants

• …etc.

All appliances have been selected for their energy-saving nature.

All furniture are for heavy-duty and will sustain the test of time.

The flat manager is already in place, and is in charge of daily cleaning and for managing the flat (collecting rent on time, advertising upcoming vacant bed space, monitoring use of equipment (CCTV), quietness and safety for all tenants…etc.)

Please note:

– Upon purchase, the tenancy contract will be transferred under your name for full control.

– Rent is collected at the beginning of each month, from each tenant (bed space)

– Reason for selling: our business model is to set up profitable and self-managed premium partition rental businesses, in order to sell them to smart investors for a small profit.

FAQ:

– Is there any after-sale service if I need support in the beginning?

=> Yes. We offer full training on how to ensure the business remains highly profitable at any time. We have a proven system that consistently generates the highest income (AND IT’S REALLY SIMPLE). But should you wish to have someone oversee it for you, we also offer management services for a small monthly fee.

– Is this business compliant with the building/landlord rules?

=> Yes, some buildings’ rental model is exclusively for accommodation sharing. And so all the flats are occupied this way, in full transparency with the landlord. In fact, the number of partitions in your flat will be mentioned clearly in one of the documents, when signing the tenancy contract.

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