In 2022, a one-bedroom apartment was purchased in the modern and prestigious
Myrtle Central Park project, located in the City Walk district. The project is situated in a unique location with a park and walking distance to the heart of Dubai. The area features bicycle and pedestrian paths, skate parks, children’s play areas, and lounge spaces with stunning views of the Burj Khalifa.
The community offers everything needed for a comfortable lifestyle:• Swimming pool; • BBQ area; • Gym; •Pet-friendly parks; •Outdoor sports courts
Key Details:The total cost of the apartment was 1,368,000 AED (372,447 USD). The purchase was made via an installment plan, with 50% of the cost paid by February 29, 2024.
In addition to the apartment cost, the investor paid:- 54,720 AED (4%) as a land tax
- 5,500 AED as a registration fee
- 2,000 AED for the NOC at resale
- Total expenses at the time of resale amounted to 746,220 AED (203,163 USD).
On February 29, 2024, the apartment was successfully resold for 2,010,000 AED, yielding a net profit of 579,780 AED (approximately 157,913 USD). The return on investment reached an impressive 78%.