Dusit Princess from Rijas Aces Property Development is a 5* luxury hotel apartment serviced by the Dusit Hotel Group. It will be a G+22 building with 16 apartments per floor, a gym, spa, pool, Shisha Lounge & restaurant. The handover date will be in Q4 2024.
The payment plan is 70/30, 30% post-handover over a period of 2 years. The client can either utilize the property or give it to the hotel to rent out. rental agreements would be managed by the operator Dusit Hotel & Resorts with a revenue sharing of 60/40. 60% to the client from a shared pool. the pool also includes revenue from the retail outlets ( Shisha Lounge , poolside bar etc) Dusit Princess Rijas
- Serviced Hotel Apartments/Branded Residences
- Management -Dusit International
- Can be purchased for investment or end user *Rentals short term or long term through Dusit Management.
- 16-18 dhs/sq.ft Service charge
- Rental pool income-Revenue sharing 60%-40%… 60 going to client including retail revenue.
- 14 days free for owner on the property every year
- Minimum contract with Dusit 15 years(renewable)
- 4 star property
- Free hold property
- 5%Vat (commercial property) plus 4 % DLD
- Completion - 2024 Q4.
- Payable in 10 installments - 2 years post completion
- Booking deposit 20%+4% DLD
