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Superb Investment Opportunity – Dubai
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The Residences – International City
High Specification studio apartments from £52,000 (Freehold)
30% to exchange, no more to pay until completion in June 2008
Huge potential for capital appreciation
~
Pre-rented to corporate tenants for 3 years at 10% pa
From £15,600 to exchange, then 70% mortgages available
Excellent location for long term rentals
Each apartment has a private balcony, allocated parking, fully furnished with white
goods and air conditioning
No stamp duty, No legal fees, No capital gains tax |
“This is a hold for at least 5 years from reservation. 1 year off-plan, 3 year rental guarantee, then a
further year thereafter. This will ensure the full benefit of the capital appreciation and allow rentals
to pay off four years of the mortgage for you” |
Typical Return on
Investment |
Purchase price |
£52,000 |
| Deposit & fees* |
£17,420 |
7.2% equity growth off-plan |
£3,744 |
7.2% equity growth year 1 |
£4,014 |
7.2% equity growth year 2 |
£4,303 |
7.2% equity growth year 3 |
£4,612 |
7.2% equity growth year 4 |
£4,944 |
Return on investment
=124%** |
£21,617 |
*Includes 2% mortgage fee and 1.5% land
registry tax on completion
**This does not include the 3 year rental
guarantee |
|
Location
‘The Residences’ is located in International City Phase III in the southwest
corridor of Dubai. The site encompasses 731 hectares of previously
undeveloped land. The western boundary of the site is adjacent to Emirates
Road and the northern boundary of the site fronts Manama Road .
The apartments are 5 minutes by car or train to Business Bay, which is set to
become the world’s biggest business capital, and 5 minutes to Dubailand, the
world’s biggest theme park. They are also close to Dubai International Airport.
Dubailand will be an enclave of theme parks, villages, and shopping malls. Four-
and-a-half times the size of Manhattan, it is the Middle East’s answer to
Disneyworld. It will feature larger versions of the seven wonders of the world,
including the Pyramids, the Taj Mahal and the Hanging Gardens of Babylon.
There will even be an authentic Dubai “Old Town”. |
For further information please contact us
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