1 bedroom Apartment for sale in Business Bay, UAE by OBG Real Estate Broker (One Broker Group) No. 1412

1 bedroom Apartment in Business Bay, UAE No. 1412

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$ 245 065

$ 3 927 per m²

1 Bedrooms

1 Bathrooms

62.4 Living space, m²

Business Bay, UAE

Daniel Page

OBG Real Estate Broker (One Broker Group)

Contact seller

Parameters

Bedrooms

Bathrooms

Living space, m²

62.4

1412

Type

Apartment

Property description

Great opportunity to own a brand new 1 bedroom smart home at The Pad, the newest glam condo and sophisticated project in Business Bay by Omniyat.

About our THE PAD apartment:

* 1 bedroom
* Smart home technology: IPAD Mini (Control Pad)
* Size: 671.67 sqft
* Vacant
* service charges 16,82 per sqft
* Net ROI: 6%
* Awesome Amenities
* covered parking bay

Viewing is available at any time by prior arrangement.

Project was completed by February 2021.

Super opportunity for a first time home buyer end-user, as well as for an investor, with yearly yields of around 6% on current market for long term rental, and up to 10% minimum for short term / holiday-home scheme.

The Pad is surrounded by a large option of restaurants that cater to the diverse taste, and shops. The Pad has convenient access to the Sheikh Zayed Road and the Al Khail Road, and is only a few minutes from Dubais International Financial Centre (DIFC) and its Trade Center, and less than 5 minutes to Burj Khalifa and Dubai Mall. A short 15-minute drive is all it takes to get you from the DXB airport to your Pad home.

Statistics Business Bay

$ 7 426

Price per m²

178

Quality of Life Index

Cost of living Index

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Parameters

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Dubai

Difference

Monthly Rent Cost

1-Room Apartment

$ 2 464

2-Room Apartment

$ 1 537

Apartment Purchase Price per m²

In the City Center

$ 7 426

Outside the City Center

$ 4 013

Crime Index

Cost of Living and Rent Index

Purchasing Power Index

138

Property Price to Income Ratio

Safety Index

Traffic CO₂ Index

8065

Traffic Inefficiency Index

249

Rent Index

Health Care Index

Groceries Index

Pollution Index

Traffic Commute Time Index

Restaurant Price Index

Climate Index

Cost of Living Index

Quality of Life Index

178

Traffic Index

170

Restaurants

Meal, Inexpensive Restaurant

$ 10.89

Meal for 2 People, Mid-range Restaurant, Three-course

$ 81.69

McMeal at McDonalds (or Equivalent Combo Meal)

$ 9.53

Domestic Beer (0.5 liter draught)

$ 13.61

Imported Beer (0.33 liter bottle)

$ 13.61

Coke/Pepsi (0.33 liter bottle)

$ 1.20

Water (0.33 liter bottle)

$ 0.81

Cappuccino (regular)

$ 5.93

Markets

Milk (regular), (1 liter)

$ 1.85

Loaf of Fresh White Bread (500g)

$ 1.40

Eggs (regular) (12)

$ 3.58

Local Cheese (1kg)

$ 12.24

Water (1.5 liter bottle)

$ 0.62

Bottle of Wine (Mid-Range)

$ 19.06

Domestic Beer (0.5 liter bottle)

$ 2.61

Imported Beer (0.33 liter bottle)

$ 3.18

Cigarettes 20 Pack (Marlboro)

$ 5.99

Apples (1kg)

$ 2.41

Chicken Fillets (1kg)

$ 8.70

Oranges (1kg)

$ 1.70

Potato (1kg)

$ 1.05

Lettuce (1 head)

$ 1.34

Rice (white), (1kg)

$ 2.27

Tomato (1kg)

$ 1.30

Banana (1kg)

$ 1.83

Onion (1kg)

$ 1.01

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$ 11.97

Transportation

One-way Ticket (Local Transport)

$ 1.63

Monthly Pass (Regular Price)

$ 87.13

Gasoline (1 liter)

$ 0.77

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$ 32 675

Taxi Start (Normal Tariff)

$ 3.27

Taxi 1km (Normal Tariff)

$ 0.68

Taxi 1hour Waiting (Normal Tariff)

$ 8.17

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$ 22 674

Utilities (Monthly)

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment

$ 235

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

$ 94.69

Mobile Phone Monthly Plan with Calls and 10GB+ Data

$ 60.84

Salaries And Financing

Average Monthly Net Salary (After Tax)

$ 4 119

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

Sports And Leisure

Fitness Club, Monthly Fee for 1 Adult

$ 81.47

Tennis Court Rent (1 Hour on Weekend)

$ 49.08

Cinema, International Release, 1 Seat

$ 16.34

Clothing And Shoes

1 Pair of Jeans (Levis 501 Or Similar)

$ 74.71

1 Summer Dress in a Chain Store (Zara, H&M, ...)

$ 66.98

1 Pair of Nike Running Shoes (Mid-Range)

$ 126

1 Pair of Men Leather Business Shoes

$ 122

Childcare

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$ 860

International Primary School, Yearly for 1 Child

$ 15 977

Daniel Page

OBG Real Estate Broker (One Broker Group)

Sales Manager

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