Meet Sarah, a savvy young investor with a keen eye for opportunity. She spotted a gem at Samana Greens, one of Samana Projects’ premier developments, where a studio apartment caught her attention.
Despite initial reservations about the compact living space, Sarah was captivated by the project’s prime location, boasting a strategic address and modern amenities that perfectly complemented her lifestyle. With an affordable price point that fit snugly into her investment budget, Sarah took the plunge and purchased the studio apartment.
Here’s a breakdown of Sarah’s investment journey:
- Purchase Price: Sarah bought the studio apartment for AED 400,000, with a down payment of 20% (AED 80,000). She opted for a flexible payment plan, with 1% monthly installments for 3 years.
- Rental Income: After receiving the unit, Sarah wasted no time in finding a tenant. She rented out the studio apartment for AED 6,000 a month, which covered her monthly installments and even left her with some surplus income.
- ROI through Rental Income: Over the course of 3 years, Sarah’s total rental income amounted to AED 216,000 (AED 6,000 x 36 months). This not only covered her initial down payment and installments but also generated additional cash flow.
- Property Appreciation: As property values in the area surged, Sarah found herself sitting on a goldmine. After 5 years of ownership, she decided to sell the studio apartment for AED 1 million, realizing a substantial capital gain.
- Total ROI: Sarah’s total return on investment amounted to AED 600,000 (AED 1 million – AED 400,000), representing a staggering 150% increase in value over 5 years.
Conclusion
Sarah’s journey serves as a testament to the power of strategic investing and the potential for substantial returns in Dubai’s vibrant real estate market. By leveraging the prime location and modern amenities offered by Samana Greens, Sarah transformed her studio apartment into a lucrative investment that paid dividends beyond her dreams.
