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Thu 06 Jun 2004Apartments for students carry tax breaksD1/from €385,000: Dublin-based Ely Property is currently selling a block of 18 apartments which have been pre-let as student accommodation at The Steelworks apartment scheme, right, in Foley Street, Dublin 1.The company is offering investors a return of 4 per cent on the two and three-bedroom apartments which qualify for tax breaks under the Section 50 student accommodation scheme. This yield is based on a letting period of nine to 10 months but according to the company, the return should also be high during the summer months because of demand from foreign students.