Mira Oasis 2

A 3 bed, 4 bathroom townhouse in Dubai’s gated community Reem, Mira Oasis 2. A large plot and BUA compared to most other townhouse communities in Dubai. We secured this property for AED 2.85m. Despite Mira Oasis 2 sales prices rising 21% over the last 12 months, we have taken no capital appreciation into consideration when projecting the profits of this project which demonstrates the conservative nature of our workings. This property is a Type A corner unit, which gives us a larger garden and plot size to install a swimming pool as well as a sunken fire pit.

The anticipated project timeline is 6-8 months, including purchase, renovation and sale of the property. After seeing what a huge success our first project in Mira Oasis has been, we have capitalised on this investment opportunity by securing another project in the area. We will save time on the renovation process as we have materials pre-selected as well as a BOQ.

Princess Tower, Dubai Marina

We recently acquired this 3 bedroom + maids apartment in Princess Tower, Dubai Marina. This property was listed at AED 3,200,000 and we purchased it below market value at AED 2,825,000. The average price for an apartment of this size in this building is currently AED 3.1m, putting us in a fantastic position by making a profit on the buy.

This large layout unit has huge renovation potential. Currently with a closed kitchen, we plan to demolish the dividing walls and create an open plan living space that will appeal to the European buyers in the area. Having an unobstructed panoramic view of the Arabian Gulf, Dubai Ain and Palm Jumeirah, gives this apartment a huge unique selling point and we anticipate a great profit on this project.

Mira Oasis 2

A 3 bed, 4 bathroom townhouse in Dubai’s gated community Reem, Mira Oasis 2. A large plot and BUA compared to most other townhouse communities in Dubai. We secured this property for AED 2.675m. Despite Mira Oasis 2 sales prices rising 21% over the last 12 months, we have taken no capital appreciation into consideration when projecting the profits of this project which demonstrates the conservative nature of our workings.

The anticipated project timeline is 6-8 months. The renovation works were completed in 3 months, after one month obtaining the approvals from the developer and Dubai Development Authorities (DDA). The property listing has been live for 5 days and has received positive feedback from all potential buyers, accrediting the quality, materials and appliances throughout the renovation.

Myka Residence, Production City

A 1 bed, 2 bathroom apartment with a great price per sqft value, located close to one we previously owned in JGE, in Dubai Production City. As an area, Dubai Production City most the number one highest performing area in apartments regarding price growth from 2023 to 2024 with a 49.60% growth. This data has been sourced from Property Monitor (a database exclusive for real estate agents).

Our investor wanted a long-term rental investment in Dubai, so we worked together to secure this unit in an up-and-coming area of Dubai with the vision of making strong capital gains and healthy cash flow.

• Tenanted

• First sale from developer

• 892 sq ft

• 1 Bedroom

• 2 Bathroom

• Pool & gym access

• Walk-in wardrobe
  

Al Andalus Apartments, JGE, Dubai

A project undertaken by Choucair Capital in 2023, demonstrates the ability to leverage our robust network of real estate brokers, showcasing our expertise in acquiring properties significantly below market value. The property, already in an upgraded finish, eliminated the necessity for renovation, allowing for immediate profitability on purchase, amplified due to it being bought tenanted, and sold vacant on transfer.

PROJECT PROFIT: AED 256,000

• 2 Bedroom

• 3 Bathroom

• Furnished

• Pool and Gym access

• 1,370 sq ft

Princess Tower, Dubai Marina

Total return on investment (ROI) - 26%

This project was a 2 bed, 2 bathroom apartment on a high floor with a view of the Dubai Ain, Burj Al Arab and an unobstructed panoramic sea and palm view. The unit had scope for an internal fit-out. Within walking distance to the beach, JBR, Marina Walk, Gems Wellington International School, and easy access to Sheikh Zayed Road.

Initially listed at AED 2.3m, a discount was achieved with a purchase price of AED 2.2m. The cash required for the project, including renovation and running costs, was AED 705,000. The project took 6 months in total, including the purchase, renovation and sale of the property, achieving a record breaking price/sqft and the highest sale price of a 2 bed for the building. We achieved our goal sale price in just 3 weeks of the listing going live, meaning our investors got their investment plus return within just 7 months!

Park Ridge C, Dubai Hills

A 2 bed, 2 bathroom apartment on a high floor, with direct access to Dubai Hills Park and a view of the Dubai Downtown skyline. Near to Dubai Hills Mall and Kings College London Hospital.

We secured this property off-market for AED 2.1 million tenanted. The current market value of a same spec unit was AED 2.5 million, so instead of making a profit through renovation, we relocated the tenant to an apartment on a higher floor and put this unit back on the market immediately.

The anticipated project timeline is 4 months. As we will be a mortgage buyer with a cash seller, the buy process will take 4-8 weeks. The unit will be listed immediately and our agent will be bringing interest to the unit beforehand to ensure that viewings commence as soon as it is re-listed. Assuming a mortgaged buyer, this process should take another 6-8 weeks.

• 2 Bedroom

• 2 Bathroom

• Tenanted but pre-agreed to relocate

• Shared pool, gym & spa access

• 999 sq ft BUA

• No extension or renovation works required