Baba al Bahr is a residential complex from Al Hamra Real Estate Development, consisting of more than 500 houses. The apartments are designed to create a close-knit gated community with world class amenities.
The residential complex is located on the island of Al Marjan, surrounded by white sandy beaches of the Arabian Gulf. The apartments are aimed primarily at comfortable living for families with children. Each of the houses is equipped with a centralized air conditioning system, a full set of kitchen furniture and wardrobes.
The residence consists of three pyramidal buildings assembled into a single residential area. The buildings are surrounded by gardens, green spaces and jogging paths, and a large outdoor swimming pool is built in the center of the complex.
This resort-style residential project includes studio apartments, one, two, three bedroom apartments and penthouses. All apartments feature balconies, terraces or outdoor areas, offering breathtaking views of the Arabian Gulf, Al Marjan Island and Ras Al Khaimah Beach.
Location
The complex is located on the island of Al Marjan. In addition to residential apartments, there are 3 five-star hotels on the territory – Rixos Bab Al Bahr, Hilton by Double Tree and Marjan Island Resort and Spa.
Bab Al Bahr is a 20-minute drive from Ras Al Khaimah International Airport and in close proximity to two other international airports in Dubai and Sharjah.
Return on investment
To understand how profitable it will be to buy apartments in Baba al Bahr, let’s try to calculate the return on investment percentage. For example, let’s take a 1-bedroom apartment with an area of 40 sq.m. Their cost is 467,321 dirhams. The rental price for such apartments for a year is 38,000 dirhams.
The return on investment ratio is the ratio of income to expenses. The income here is rent. As for expenses, in addition to the cost of housing, these include payment of a registration fee (4000 fixed) and a fee at the City Land Department (2% of the cost, in this case it is 9346 dirhams), as well as housing maintenance costs (if paid at 60 dirhams per sq.m. this amount will be 2400 dirhams per year).
Based on the data we have, ROE=(38,000/483,067)*100%=7.9%
Even with rough calculations, it is clear that investing in Baba al Bahr real estate is a reliable way to increase your savings.
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