Reem, Mira Oasis 2

A 3 bed, 4 bathroom townhouse in Dubai’s gated community Reem, Mira Oasis 2. A large plot and BUA with room for extensions and demolition works to open out the interior and maximise the space.

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. As we will be a mortgage buyer with a cash seller, the buy process will take 3-4 weeks. The renovation works will commence immediately and our agent will be bringing interest to the unit before completion using the renders to allow end users the opportunity to personalise the renovation if they wish to do so. Assuming a mortgaged buyer, this process should take another 6-8 weeks.

• 3 Bedroom

• 4 Bathroom

• Vacant on transfer

• Huge internal and external renovation potential

• 2,295 sq ft BUA

• Renovated comparison sold for AED 4.6m

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

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 has 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.

Listed at AED 2.3m, a small discount has been achieved with a purchase price of AED 2.2m. Cash required for the project, including renovation and running costs, is AED 705k.

The anticipated project timeline is 7 months. As we are buying from a cash seller, the buy process will take 4-6 weeks. The renovation stage should be completed within 7 months of ownership. Towards the end of the project is when we will market the property for sale aiming for a quick sale upon completion of the renovation. Assuming a mortgaged buyer, this process should take another 6-8 weeks.

• 59th Floor

• Panoramic Sea and Palm View

• 2 Bedroom

• 2 Bathroom

• Vacant on transfer

• Shared pool, gym & spa access

• Viewing Deck

• 1,173 sq ft

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