Investment in the apartment with 6% ROI
The investor was looking to invest 190 000 USD in short term leasing with owning rights and selling options.
The investor made one bank transaction of 190 000 USD = 700 000 AED and trusted the attorney to buy apartments on his behalf. RI Group bought a 650 000 AED studio in Icon Tower in Dubai JLT.
The apartment is working in short terms leasing. The investor gets 42 000 AED returns per year (6% ROI from 700 000 AED). Capitalization of the apartment is 4% per annum. The investor can sell his apartment within 90 days.