Villa for sale in Dubai, Dubai HS2231955
Full Description
Dubai, DubaiProperty Type: Villa
Property Price: $ 1,077,451.00
Contact Name: Property Sales
Office space in prime Dubai business place, nearby the WORLD LEGENDS. 75% upon construction completion. The construction is in progress and secured by project finance from Barclays Bank and Al Ali Bank of Kuwait. Finance is available upon completion (Dubai Islamic Bank). Est. rental yeild 13%-56%+ p.a. (kindly read below). Empire Heights - Office space in prime Dubai business place, nearby WORLD LEGENDS: Burj Dubai ? the tallest tower in the world;The Dubai Mall ? the biggest shopping mall in the world, recently opened. Forethought as home to just about every major fashion brand. Some of entertainments includes: Dubai Aquarium - one of the of the largest tanks in the world featuring the world?s largest viewing panel at 32.8m wide and 8.3m high. Over time, Dubai Aquarium will have more than 33,000 living animals, including over 400 sharks and rays combined;Dubai Ice Rink (larger than life Olympic-size proportions);Kidzania - a city made for children and run by them. A place where they fly the aeroplanes, they drive the buses and they work in the restaurants. A world where children are free to live out their dreams.Close proximity to Business Bay metro station.Rare 75%-UPON-COMPLETION payment terms in Business Bay (out of 230 towers!). Construction is in progress and secured by project FINANCE PROVIDED BY BARCLAYS BANK (30% stake belongs to Abu Dhabi royal family member and Qatar sovereign wealth fund) and AL AHLI BANK OF KUWAIT. Check: http://www.ameinfo.com/134477.html ; Developer - GPD Investments (UK). Check: http://www.gpdinvestments.com/GPD-RERA-CERT.pdf ;Escrow bank accounts have been opened (Al Ahli Bank of Kuwait). My payments will be kept with the escrow bank.649.18 USD sqft for the office in the business prime location of the Middle East commercial hub, alongside the World Famous Legends. 1,411.71 ? 2,146.68 sqft gross. For 1,659.71 sqft unit:329,221 USD are due now, 748,230 USD upon completion (est. middle-end of 2010). RENT YIELD IS AROUND 13% BASED ON TODAY?S RATES (90 USD SQ FT P.A). FINANCE IS AVAILABLE WITH DUBAI ISLAMIC BANK . Check: http://www.gpdinvestments.com/PR-Approved%20developers.pdf Up to 70% of the market value, 7,5% p.a. for non residents (Sep 08). If the finance is obtained (the bank will check documents about a salary (for natural person) or company audit reports (for corporates)), then (we put today?s rent for 2012, then 5,2% rent growth p.a. (average inflation)): Simple payback will be 2015;RENT YIELD CASH-ON-CASH 2016 ? 56%+.RENT YIELD ACCUMULATIVE 2020: TODAY?S RENT ? 1,496,460 USD; CONSIDERING 5,2% AVERAGE GROWTH SINCE 2012 ? 2,217,513 USD. GPD Investments informed Ral Al Khaimah authorities have bought 2 floors in the same building.Check the property website: www.empireheights.com Summary about Dubai economy (please kindly send Your enquiry if you would like to receive more detailed information for free (the information is based on international statistic)):I.Dubai is a busier port then USA busiest port Los Angeles or Germany busiest port Hamburg (based on TEU handled 2007). II.Dubai transported more air cargo then Amsterdam (AMS), New York (JFK) and London (ДРК) in 2007. III.Combining the function of the modern transportation and logistic hub with free zones concept, Dubai is the leading and most business attractive trade and reexport hub in the region. IV.Dubai is a member of Top 30 World Busiest Airports by Passengers. V.Dubai is the biggest financial centre of the Middle East and 4th by value financial centre in Asia. Its importance has been growing.VI.Tourism. 7,7% of world international tourists number visited Dubai in 2007. Dubai also proved itself as a top level meetings destination. Middle East will show highest growth rates in the industry by 2020, as per World Travel Organization Vision 2020. VII.Other factors which are fundamentally important for investing: On the one hand, Dubai legislation and regulation, as of emerging market, are also in an emerging stage. On another hand, Dubai advantage in comparison with other emerging markets are: a)High security level; b)Low corruption level; c)Political stability; d)Civil legislation; e)Wide usage of English (nearly like the 2nd state language);f)Liberal attitude to foreigners.Please kindly send Your enquiry if you would like to receive more detailed information for free (the information is based on international statistic).
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PLOTSIZE:
Resale
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