The Residences – Dubai

posted on 20 April 2010

Fantastic Investment Opportunity
The Residences, Dubai

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

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

‘The Residences’ are located in International City Phase III in thesouthwest 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 TajMahaland the Hanging Gardens of Babylon. There will even be an authentic Dubai “Old Town”.

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