38%
ROI FOR THE YEAR
ROI FOR THE YEAR
We managed to reserve this unit for our client despite Coaster Santorini apartments being sold out within just 3 months of sales commencement.
The apartment was sold for 3,100,000 AED exactly one year after purchase. Upon exit, our client paid the broker's fees (2%) and obtained a No Objection Certificate from the developer (5,000 AED).
Developer
DAMAC Properties
DAMAC Lagoons
2022
5
311м2
2 559 000 AED
430 000 AED or 38% for the year
Location
Year
Number of Bedrooms
Area
Unit Price at Entry
Net Profit
Entry costs amounted to 614,160 AED (20% as the first installment plus a 4% registration fee). Later, the client contributed an additional 511,800 AED (20%) as per the payment plan.
The client's net profit was 430,000 AED.
