We’re excited to share another success story from the heart of Downtown Dubai, and this time it’s all about the stunning 8 Boulevard Walk (SC 201)! With its unbeatable location and impressive returns, let’s dive into what made this property a winner in our latest Exit Tale.
✨ Spotlight on 8 Boulevard Walk
Situated in the vibrant heart of Downtown Dubai and mere minutes from Burj Khalifa, 8 Boulevard Walk is a 35-storey high-rise by Emaar that epitomizes luxury living. The one-bedroom apartment comes with a spacious living area, a fully-fitted kitchen, a modern bathroom, and a balcony perfect for soaking up those gorgeous city views.
Living in Downtown Dubai means you’re just a hop away from the city’s hottest attractions. Whether it’s shopping sprees at the colossal Dubai Mall, leisurely strolls along the beautiful Sheikh Mohammed Bin Rashid Boulevard, or breathtaking views from the iconic Burj Khalifa, Downtown Dubai is the place to be – and to invest!
👀 Spotting the Opportunity in Downtown Dubai
Back in June 2022, with prices yet to fully recover from COVID, we saw a golden opportunity to purchase this one-bedroom apartment for AED 950,000 (1,071 PSF) in this prime area. 8 Boulevard Walk was well-kept yet slightly older, which allowed us to buy low while counting on Downtown’s upcoming projects and Dubai’s economic recovery to bring greater returns.
Of course, with Downtown’s allure and its high demand for short-term rentals, we knew this was a smart move. Our strategy was to market the apartment as a holiday home, catering to tourists looking for that perfect getaway. And guess what? It paid off!
💪 A Strong Sale
Fast forward to October 2024, and we sold this gem for AED 1,460,000 after holding it for just 28 months! That’s a fantastic total net ROI of 40.49%, translating to a net annualized return of 17.35%.
This unit generated AED 125,016 in rental income, and while it didn’t fully match our initial projection, our exit price was spot on as we had secured a great entry price. Rental yields may vary with market conditions, but getting a solid deal at entry allowed for more leeway to manage rental fluctuations and a fantastic exit overall.
🚀 Key Takeaway:
- Location is Key: Being in Downtown Dubai, one of the world’s premier destinations, meant high demand and great returns.
- Holiday Home Success: Our strategy of operating the unit as a holiday home really paid off, thanks to the area’s popularity among tourists.
- Entry Price Advantage: Securing a great entry price during a temporary market lull allowed us to take advantage of Downtown’s recovery. While rental yields may vary with market conditions, getting a solid deal and selling at the right time locked in those returns.
And there you have it – another successful exit in the books! 🎉
Check out all our exciting opportunities on our platform, and who knows? You could be adding your next big win to your portfolio soon! 😉
DISCLAIMER: Please note that past performance does not guarantee future results. This blog is intended solely for educational purposes and shouldn’t be treated as financial advice. We suggest you always conduct thorough research, perform your own due diligence, and consult with financial advisors to assess any real estate property against your own financial goals.
