Video by offplanjosh

Okay, so let's go into the detail for the potential rental yield you will see from this project. So we're going to start with a comparable that is in exactly the same location and it's a grade C building. It's absolutely awful versus the project that you'll be investing in. However, when we look at transactions over the past six months in Control Tower

and we look at the average price per square foot for rental, let's go with the most conservative number over the past six months, 191 dirhams per square foot. So on a 1950 square foot unit at 5 million Durham purchase price, you'd be looking at a 7.45% gross rental. Again, this is the most conservative price available.

However, if we look at the top end price per square foot of 300 Durhams per square foot, you'd be looking at 11.7% gross. Again, this could achieve a lot more. However, I'm going with the exact comparable in that location of control tower. and as we know, this is grade A to achieve far more.

So you could be looking at higher than 11.7% gross. This is factual data from Control Tower in the last six months. Feel free to message me for all the details on the launch happening tomorrow.