REAL ESTATE FOR SALE (OFF-PLAN) ($ USD 2,125,096)
Apartment for sale in Dubai Dubailand Dubai U.A.E.

Location : DUBAI, UAE

Annual appreciation : 40% – 50%

5*Serviced Hotel Apartments Property Information Sheet

Property Code: 181927@161

FAQs

THE PROPERTY AND APARTMENTS FORM PART OF A SERVICED APARTMENT EVELOPMENT.

Can I live in my apartment?

No. The project is an investment. Each apartment is leased back from the owner for an initial period of 20 years and promoted to tourists and business clients through our own lease back scheme.

Can I use the apartment?

Yes. You will have the right to use the apartment for a four week period each calendar year. If your own apartment is unavailable you will be offered an alternative apartment, subject to availability, of the type you own or if that type is not available of another type.

What happens if I do not wish to use my apartment?

If you do not use the apartment for this period you will not be compensated in any way.

What Income can I expect to earn on my apartment?

Owners will receive 60% of the net revenue generated. The revenue is pooled and then divided between the owners based on a grading of their apartment at the time of purchase. The actual income amount will depend on variants such as room rates and occupancy levels; however the expected returns on the project are projected to be around 15% per annum.

When will I receive my income?

Payments will be made every six months in arrears. Therefore on the 1st day of the 7th month, the 1st day of the 13th month and onwards. Every year the income and expenses will be independently audited and adjustments made (plus or minus) in the payment made on the 1st day of the 7th month in the year following.

Are there any other charges payable?

All DEWA costs for your apartment will be included in the service charges prorate by the grade of apartment and deducted with the management charges. Any registration fee with the master developer and/or the Land department will need to be paid by yourself as and when due and will not for part of any management charge.

Do I need insurance?

The building will be insured by the Management Company and will be charged with the Management fee. The contents will be insured by the Management Company and will be charged with the Management fee. Any public liability insurance required or any other form of insurance required to rent the apartments to the public will be charged with the management fee.

PROPERTY FEATURES
1) Property Type : Residential(5*service apartment)
2) Total Floors : G + 8 Floors
3) Flooring : Ceramic Tiled
4) Furnishing : Nil
5) Additional Rooms : Nil
6) Apartment Facing : Emirates Road View.

AREA DETAILS
1) Built-up Area : 415.87 Sq.ft / 528.96 Sq.ft/ 679.60 Sq.ft

PROPERTY PRICE
1) Price per Unit Area : AED 1,400/sq.ft
2) Maintenance Charges extra : AED 10/Sq.ft/Year

TRANSACTION DETAILS
1) Transaction Type : First sale – Directly from the Developer
2) Age of Property : New Property (Under Construction)
3) Property Availability: July 2010
4) Property Ownership : Free Hold

PROPERTY LOCATION
1) Location Map : Property Location on map provided separately.
2) Address : Arjan, Dubai
3) City : Dubai
4) Locality : Dubailand

Facilities
Daily housekeeping,Room service,24-hour maintenance coverage,24-hour security
24-hour reception
Satellite television
International direct telephones with wake up call facilities
Covered parking space for each apartment
24-hour reception and message service,Concierge
Round the clock security and maintenance coverage
Laundry and dry cleaning
Elegant lobby area,Storage Facilities
2 floor covered parking
Roof-top Swimming Pool
Fully equipped health clubs,Relaxing sauna and steam room
Dedicated management team



PROXIMITY LANDMARKS (Distance in Mins)
1) Airport : 15 Mins from DXB Airport.
2) Hospital : 10 Mins
3) Banks/ATMs : 10 Mins
4) City Centre : 15 Mins
5) Schools : 10 Mins

The Investment

Invest £69,000 and Return £33,000 Per Annum

Platinum One offers investors a unique opportunity to capitalize on the growth in Dubai’s tourism and hotel sector.All rental income received is paid into a ‘revenue pool’ and calculated on a per square foot basis. 60% of the divided value is returned to the investor, so even if your apartment is empty,you still profit.

• Invest £69,000 and return £33,000 per annum
• 60% of rental income returned to investors
• Rental income paid into ‘revenue pool’ and calculated on a per square foot basis.
• Even if your apartment is empty – you still profit

Investment Calculator

Initial Investment £69,000

High Season
Nights rented per year £100
Rate per night £150
£15,000
Mid Season
Nights rented per year 100
Rate per night £120
£12,000
Low Season
Nights rented per year.

NPEAKS REALTORS PROPERTIES BROKERS LLC
P. O. BOX 30432,DUBAI,UAE.
care@npeaks.com