Serviced Hotel gallery studio apartment is available for sale in The Diamond, Dubai Sports City. Apartment includes the following:
Living Room / Dining Room:
Sofa Set, Coffee Table, Dining table and chairs, LG Plasma TV, LG DVD, LG Hi-Fi.
Kitchen:
Cockery set, Dinning service, Cutlery set, Cooking utencils, Set of pans, wine glasses, Tumblers, coffee mug, tea towels.
Bedrooms:
Double Bed, Bedside tables, Bedside lamps, Duvet, Pillows, Bed linen set.
General Accessories:
Wall pictures, Vases and/or decorative ornaments, Blinds, Towels, Bath Mats.
Hotel facilities include:
It is completed and operational.
Buyer has to enter into a 3 year leasing contract with the management which provides a revenue split of 47.5% : 52.5% between the management and the owner. Service charges are included in the Management split of 47.5%. 4 weeks of personal use is allowed per year, but must be booked 90 days prior.
The payments to owners will be made quarterly with the first payment coming Q1 2010.