Gated complex located around man-made freshwater lagoon
Close proximity to Dubai Expo 2020
High-end residential construction
Residences fitted out to high standards (wood, stainless steel & marble)
Latest facilities & technologies to reduce ecological footprint
Capital appreciation up to 102% ROI after 5 years
No taxation fees
The development is conveniently located near Dubai Investment Park, right next to Ewan Residence and 3 minutes away from the confirmed site for Dubai Expo 2020.
Al Maktoum International Airport of Dubai is at 7 – 10 minutes driving distance from the property.
There are 3 malls in the vicinity and four 5 star hotels.
The biggest theme park is located 10 minutes away in Jebel Ali village, which includes Motion gate park, Lego land, Bollywood park, The lost world park.
Situated around a man-made freshwater lagoon, each building of this development provides waterfront living, immediate access to a number of commercial, retail, educational and medical facilities.
Features of the residences
Covering 3.5 million square feet of built up area (from 70,000 to 85,000 sq. ft. per building), this development will be a new centre of living for residents of the Dubai Investments Park. The project is already underway, and will be delivered in phases over the next three years.
With more than 40 residential towers, comprising more than 3,500 units, this development will provide high-end living.
There are 8 floors + ground floor in each building and approximately 7 to 8 apartments on each floor. Unit types presented in the development are studios, 1-bedroom apartments, 2-bedroom apartments and 4-bedroom penthouses. The sizes of units are as follows: studios – 450 sq.ft., 1-bedroom apartments – from 800 sq.ft. to 1,000 sq.ft., 2-bedroom apartments – from 1,400 to 1,600 sq.ft.
Finishing of the units: wooden flooring, wooden wall panels, leather cushion in bedrooms, fully fitted kitchen with refrigerator, freezer, dish washer, cooking stove.
The development is divided into several zones.
Zone 1 features convenient location, as it provides quick access to the retail centre. Ranging in size from 400 sq. ft. to 4,400 sq. ft., the apartments of zone 1 have been finished to high quality standards, ensuring a lot of space for living. They are perfect for individuals or families.
Zone 2 is planned to meet individual requirements. Fitted out to the highest standards, with wood, steel and marble, each apartment is perfectly proportioned for modern life in the city. The contemporary interiors can be finished according to needs of the residents. The size of the units in this zone is ranging from 400 sq. ft. to 1,300 sq. ft.
Zone 3 is considered as a prime project with elegant layouts ranging in size from 450 sq. ft. to 3,300 sq. ft. Fitted with a superior finish, smooth wood, high-polished stainless steel and luxurious marble, each apartment is designed for those who demand stylish homes. These residences are situated at the top of the manmade, freshwater lagoon.
Residences in Zone 4 are fitted out with smooth bamboo wood, brushed stainless steel kitchen surfaces, fitted kitchens and marble floors. Studios, one-bedroom, two-bedroom, three-bedroom and four bedroom apartments of zone 4 range in size from 400 sq. ft. to 1,300 sq. ft.
Residences in Zone 5 are built to the highest standards with durable, ecological materials such as bamboo, marble and stainless steel. The finishing of each apartment has been designed to appeal to the discerning buyer who values stylish living with convenience. Studios, one-bedroom, two-bedroom, three-bedroom and four bedroom apartments of zone 5 range in size from 700 sq. ft. to 4,400 sq. ft.
Facilities of the development
Excellent facilities are offered in the development, such as reception, gym, swimming pool, tennis court, pool bars, retail shops, concierge, etc.
Owners and residents will have access to a number of facilities, both from the community and the wider Dubai Investments Park, including healthcare, education, retail and hospitality.
The lagoon itself features the latest facilities in filtration and recycling to ensure minimum impact to the environment. Each building features energy-reducing LED lighting systems and other technologies all designed to reduce the development’s ecological footprint.
This is the exact location of the property development.
Check the images of the property. If you would like to view them in higher resolution, please click on any image.
Available finance: No. There is no finance available from any institution yet.
Ownership: Leasehold. The ownership is for 80 years (renewable) lease.
Annual rental return: Current rental market for a 1 bedroom apartment is 65,000 to 75,000 per annum. Every owner can rent their unit upon completion on their own.
Capital appreciation: Current sale market of ready units available in Dubai Investment park starts from 800,000 Dirhams. You can get up to 102% ROI after 5 years.
Additional purchasing cost: Investor must pay 4% fees of the property value for registering their unit in Dubai land Department plus 1,025 AED knowledge fees.
Annual local (council tax) and garbage collection fee: Right now the maintenance charges are 10AED per sq. ft. annually. These charges will be paid once a year after the completion of the property. Also these charges are responsibility of the owner and are not paid by the tenant who would lease the property.
Tax on rental income: There are no taxation fees in United Arab Emirates. All the income that comes from the rental of the units will belong to the investor himself.
Inheritance tax: There is no inheritance tax in United Arab Emirates. To transfer the property to next to the kin, the 4% Dubai land department fees will be paid again to issue the new title deed for the new person (inheritor).
Cash rate: 580 AED per sq. ft.
If downpayment: 50% à price: AED 670 per sq. ft.
Remaining 50% in 24 months.
If downpayment: 30% à price: AED 720 per sq. ft.
Remaining 70% in 30 months
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