Studio unit- a serviced apartment. - 6 % Rental guaranteed (no maintenance/ Management fees on this) - The additional revenue would be divided on 50/50 basis between management company and owner. - Al Alka has been operating as serviced apartments and now the project is also being sold as Service Apartments Project and the units are fully furnished. - Pay about 25- 28% now and rest on transfer in land department in 60 days. - Expected Revenues are much higher since your are buying a serviced apartment project. - Minimal transfer fees applicable.
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