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n/a Dubai, Dubai, United Arab Emirates
| Property Overview |
| Property ID: |
714 |
| Property is for: |
Sale |
| Property type: |
Unit |
| Agency Property ID: |
Summit |
| Price: |
308 805.00 USD
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Description
This spectacular high rental income commercial development is a AED 700 million project with up to 22% rental yield, is a total built-up area of approximately 1 million square feet and priced at AED 1300 per square foot onwards. Comprising four basement floors, a ground floor for commercial space, six parking podiums and 31 floors of office space, the tower will bring a total of 420 small office units ranging from 1100 to 1200 square feet.
The developers are offering outright buyers the option of leasing out office spaces by placing these in a rental pool. Investors will thus be able to earn steady returns without the bother of handling leasing and rental tasks. The developers will take over the management and leasing of offices and will pass on rental incomes to the respective owners. Please note commercial properties in Dubai is in demand and availability is scarce.
Project Specifications:
38 floors high, with floor 37 being the last floor
Floor Description:
Ground Floor has Ample Retail.
4 Levels Basement Parking
6 Levels Podium Parking
7th Level on top of the podium -Health Club , Swimming
Pool, Business Centre
8th to 37floor – Offices:
-Floors 8-17-14 offices (size-995 sq. ft. to 1238 sq. ft.)
-Floors 18-27-12 offices (size-995 sq. ft. to 2120 sq. ft.)
-Floors 28-37-12 Offices (size-995-2283 sq. ft.) (The larger unit is the special executive office with panoramic view)
-Parking:
1 parking for every 1000 sq. ft. purchased (approx)
Facilities & Features:
-Open Plan Freehold Offices
-The 1st Freehold office close to Dubai Marina.
-Prime Location :
• Almost the only commercial tower in the whole vicinity of Dubai Marina which is almost completely residential.
• Unobstructed Views of the Sheikh Zayed Road and the Emirates Golf Course.
• Right Opossit to DIC ( Dubai Internet City) and DMC ( Dubai Media City)
• In close proximity to Dubai Metro / Light Rail Network.
You Invest, and you will get a Lease Concept - Very exclusive option of placing the office space on a Rental Pool.
The developers will find the clients, manage the property and provide give monthly statements.
-Recreational facilities consisting of state-of-the-art health club, gym, sauna and temperature controlled swimming pool. Other Key features includes:
-Business Center
-Restaurants, coffee shop.
-High Security access systems
-High speed elevators
-Ample parking.
Construction status:
Mobilization begins January 2007
Estimated Completion-2nd quarter 2009
Availability – More than 75% soldout.
Price Range:
(The Price per Sq ft would be from anywhere from 1250-1460 depending on the height and the view)
Individual Units: AED1.1-3.4 million ( depending on the size of the unit)
Whole floor: AED 20-23 million
Payment Terms:
10% on signature of booking form by the Buyer, being the booking amount
15% On the Start of Construction
15% 6 months from the date of commencement of construction.
15% on 12 months from the date of commencement of construction.
15% on 18 months from the date of commencement of construction.
15% on 24 months from the date of commencement of construction.
15% upon possession
Finance:
Finance is available
This property has been viewed 583 times.
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