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Hotel Apartment Building in Riyadh, Al Namothagiah District
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Property Description
Property Details
Category | Hotels |
Category | Ownership deeds |
Location | Riyadh |
Status | Completed |
Operational since | 2019 |
Completion (%) | 100.00 % |
Built-up Area | 11.467 Thousand (m2) |
Property Owner | MULKIA REIT |
Operation Details
Leasable Area | 8.80 Thousand (m2) |
Occupancy (%) | 100.00 % |
No. of Tenants | 1 |
Contract Term | 10 |
Annual Rent (Million Riyals) | 3.80 |
Annual Yield | 7.00 % |
Valuers
- Valley and partner real estate appraisal
- Estnad
- Barcode
Property Evaluation (M)
Valuers | 2023 - Second half | 2023 - First half | 2022 - Second half | 2022 - First half | 2021 - Second half | 2021 - First half | 2020 - Second half | 2020 - First half | 2019 - Second half | |
---|---|---|---|---|---|---|---|---|---|---|
Valley and partner real estate appraisal | 52.00 | 52.00 | 52.48 | 52.48 | 60.00 | 58.82 | 57.14 | 58.82 | 58.82 | |
Estnad | - | 54.30 | 54.29 | 54.29 | 59.00 | 58.80 | 58.80 | 58.80 | 59.00 | |
Barcode | 52.80 | - | - | - | - | - | - | - | - | |
Average |
Acquisition Data
Acquisition Value (M) | 50.00 |
Acquisition Date | 24-December-2019 |
Funding | - |
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