💼 Explanation of the Transaction
Location: La Vie, Jumeirah Beach Residence (JBR), Dubai, UAE
Property Type: Apartment
Property Size: 1,410 sqft
📊 Financial Summary
🏡 Purchase Phase:
| ITEMS | AED | USD |
|---|---|---|
| Purchase Price | 2,425,000 | 664,384 |
| DLD Fee (4%) | 97,000 | 26,575 |
| Total Cost of Ownership | 2,522,000 | 690,959 |
| Capital Investment | 1,310,000 | 358,082 |
⌛ Holding Period:
Holding Period: 4.5 years
🏷️ Sale Phase:
| ITEMS | AED | USD |
|---|---|---|
| Sold Price | 8,000,000 | 2,191,781 |
| Sold Date | Jun, 2024 |
📈 Total Return Analysis:
| ITEMS | AED | USD |
|---|---|---|
| NET Profit From Sale | 5,478,000 | 1,500,822 |
| Total NET Rental Income | N/A | N/A |
| Total NET Return | 5,478,000 | 1,500,822 |
| ROIC | 419.1% | |
| CoC Return | 419.1% |
💼 Explanation of the Transaction in Words
- Purchased an apartment in La Vie, Jumeirah Beach Residence (JBR) for AED 2,425,000 in December 2019.
- Paid a 4% Dubai Land Department (DLD) fee amounting to AED 97,000, leading to a total ownership cost of AED 2,522,000.
- Initial capital investment was 50% of the purchase price plus the DLD fee, totaling AED 1,310,000.
- Held the property for 4.5 years.
- Sold the property in June 2024 for AED 8,000,000.
- Net profit from the sale was AED 5,478,000, calculated as the difference between the sold price and the total cost of ownership.
- The total net return amounted to AED 5,478,000, resulting in a Return on Invested Capital (ROIC) and Cash on Cash (CoC) Return of 419.1%.
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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.
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