💼 Explanation of the Transaction

Location: The Address JBR 2, Jumeirah Beach Residence (JBR), Dubai, UAE
Property Type: Apartment
Property Size: 1,159 sqft

📊 Financial Summary

🏡 Purchase Phase:

⌛ Holding Period:

🏷️ Sale Phase:

📈 Total Return Analysis:

💼 Explanation of the Transaction in words:

Purchase Phase:

• The apartment in The Address JBR 2 was purchased in November 2020 for AED 3,630,000.
• A 4% Dubai Land Department (DLD) fee amounting to AED 145,200 was added to the purchase price, bringing the total cost of ownership to AED 3,775,200.
• The capital investment required was calculated as 50% of the purchase price plus the DLD fee, totaling AED 1,960,200.

Holding Period:

• The holding period for this property was approximately 3.67 years (from November 2020 to July 2024).

Sale Phase:

• The apartment was sold in July 2024 for AED 7,500,000.
• The net profit from the sale, after deducting the total cost of ownership, was AED 3,724,800.

Total Return Analysis:

• The total net return was AED 3,724,800.
• The Return on Invested Capital (ROIC) and Cash on Cash (CoC) return were both calculated to be 190.2%.

Discover the Pinnacle of Investment Excellence with PHOREE Real Estate
A Legacy of American Investment Brilliance, Now in Dubai. PHOREE Real Estate stands as a beacon of investment prowess, carrying forward a 40-year legacy of American wealth management and real estate expertise. Spearheaded by a cadre of ex-Wall Street professionals, we are proud to be the first American entity in Dubai dedicated to transforming real estate into a distinguished asset class. This cross-continental expertise not only sets us apart but also ensures that your investment is managed with the precision, foresight, and sophistication that is the hallmark of Wall Street's finest.

Why Choose PHOREE Real Estate?

• Decades of Wealth Management Excellence: Leverage our 40 years of experience in American wealth management and investment, brought to Dubai's real estate market.
• First-Mover Advantage: Benefit from the pioneering spirit of the first American company in Dubai to categorize real estate as a strategic investment class.
• Tailored Investment Strategies: Enjoy personalized investment advice that aligns with your specific goals, powered by our consultants' deep market knowledge and experience.
• Seamless Investment Journey: From identifying the perfect property to closing the deal, our team ensures a smooth, transparent, and rewarding process.

Your Investment, Our Legacy

In a world where the right investment can redefine your future, choosing PHOREE Real Estate is more than a decision—it's a strategic move towards securing your legacy. Immerse yourself in the sophistication of American investment excellence, tailored by the hands of Wall Street veterans, all within the vibrant heart of Dubai's real estate market.

Embark on your investment journey with PHOREE Real Estate, where your aspirations meet our expertise. Together, we will not only achieve your investment goals but also surpass them, setting a new standard for what you thought possible.

Legal Disclaimer

This document and its contents, including any calculations and analyses, are provided for informational and educational purposes only and should not be construed as financial advice, an offer, or a guarantee of future performance. The information herein is simplified to enhance understanding and does not reflect the complexity of real-world financial decisions. Past performance is not indicative of future results, and investments in real estate are subject to market risks and uncertainties that can result in the loss of principal.
PHOREE Real Estate, including its owners, managers, employees, and consultants, makes no warranties or guarantees regarding the accuracy, reliability, or completeness of the information provided. The company and its affiliates shall not be liable for any errors or omissions in the content, or for any actions taken in reliance thereon.
Investors are strongly advised to consult with professional financial advisors before making any investment decisions. The responsibility for any investment decision lies solely with the investor, and PHOREE Real Estate disclaims any liability for financial loss or damage that may result from such decisions.
By accessing and using this information, the reader agrees to the terms of this disclaimer and acknowledges that they are acting on their own behalf and at their own risk in any investment decisions.