Funding progress
0.7M / 0.7M BUSD
Annual gross yield
14.59%
Closing date
Feb 27, 2023
Rental guarantee
Rental guarantee
12 months
Status
Status
rented
Current rent
Current rent
$4,000 per month
No. of investments
5,000 NFTs
Price per investment
4,000 BUSD/NFT
| 9.59% APY | BUSD  |
| 5% APY | RCT  |
- Dubai, United Arab Emirates: a mature real estate market with a high return on investment
- Rented: currently occupied and professionally managed by our team
- 2 years rental guarantee: Realcoin guarantees you at least 2 years of rental income on this property
- Current rent is AED 4,583 per month: distributed monthly among all investors after standard charges and fees
- 7.74% annual gross yield: with a net yield of 6.28% and a price per square foot of AED 1,990
Realcoin is offering an opportunity to invest in a fully furnished modern studio apartment in the strategically located Studio One building in Dubai Marina.
As such Realcoin has secured a rental guarantee from the seller for 55,000 that is locked for 2 years.
The deal is offered at AED 710,272 presenting a gross yield of 7.74% in the first year. After deducting all expected running costs, the property offers investors a net yield of 6.28% for the first year.
With a modest projected capital appreciation of 6% per year over the 5-year Investment Period, the deal presents a 9.59% annualized ROI opportunity.
Studio One is a 31 floor mixed-use building completed in 2020 that offers both retail spaces on the ground floor, and studio, one, and two bedroom apartments above ground. The ground floor of the apartment building has a new fully equipped gym and fitness center, including separate sauna rooms for men and women.
Property cost
Property price
$710,272
Transaction cost
$83,679
Realcoin fee
$14,205
Investment cost
$808,156
Rental income
Projected Gross Rent
$55,000
Service charges
($4,500)
Mgmt. and maintenance
($5,895)
Annual net income
$44,605
Value appreciation
30%
Exit value
923,354
Total ROI
47.96%
Annualized ROI
9.59%
Location
Dubai, AED
Type
Studio
Average daily rate
153
Average occupancy rate
100%
*Projections based on a 5-year holding period. You can view the Investment Memorandum in the Documentation section for a full financial breakdown.
- Valuation Report.pdf - IPFS CID: bafyb...s5djvawq
- Proof of Ownership.pdf - IPFS CID: bafyb...e7pavcqq