04/11/2026
🔥 *38.66% DISTRESS DEAL ON A BEACHFRONT RESIDENCE – PALM JUMEIRAH*
🏝️ *Ellington Beach House | 4-Bedroom Apartment*
💰 *Price Breakdown*
* Original Price (OP): AED 29.1M
* Distress Asking Price: AED 17.85M
* Saving Against OP: AED 11.25M
📐 *Property Details*
* Total Area: 4,910 sq. ft.
* Internal Area: Approx. 2,200 sq. ft.
* Terrace: Approx. 2,700 sq. ft.
* Status: Ready | Fully Paid
📈 *Rental Investment Potential*
* Conservative Rental: AED 1,252,050/year
* Expected Rental: AED 1,315,880/year
* Optimistic Rental: AED 1,394,440/year
💎 *Expected Returns*
* Gross Rental Yield: 7.01%–7.81%
* Annual Service Charges: AED 142,390
* Estimated Net Rental Income: AED 1.11M–1.25M/year
* Estimated Net Yield: 6.22%–7.01%
🚀 A rare opportunity to acquire a premium beachfront residence at a substantial discount to its stated original price, with attractive potential rental returns.
📌 *Note:* Rental figures are estimates based on shared comparables. Net returns deduct service charges only and exclude other expenses and purchase costs.