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Property for sale information

 
Lakeside By DAMAC PROPERTIES  
Reference nr: DD516445
Description:

The launch of the Lakeside project comes close on the heels of the success achieved with the Developers previous two projects the Crescent and Lago Vista in the International Media Production Zone (IMPZ).
The Developer islargest private master developer and luxury lifestyle provider.

Situated on the Emirates Road, the IMPZ is in close proximity to the Jebel Ali Port and the Jebel Ali Airport City, a unique free zone incorporating a vast array of residential, industrial, commercial and community service projects.

Sharing details about the new Lakeside development, chairman Hussain Sajwani said:

“We are delighted to unveil yet another masterpiece for the discerning community in the Middle East and worldwide.

“A beautiful residential project, Lakeside at the IMPZ is a strategic development offering everything that one seeks – from state-of-the-art facilities to eco-friendly environment and above all the luxury at an affordable price.”

In his comments on the project, CE0
Peter Riddoch said:

“Set amidst beautiful lawns, fountains and gardens, Lakeside extends a pioneering, premier residential complex within the heart of IMPZ, a unique free zone in Dubai.

“Overall, the project extends a distinctive lifestyle expression that offers unparalleled opportunities.”

A complex of two 21-storey and two 22-storey towers, Lakeside will have studio and one-bedroom apartments with state-of-the-art accessories, thoughtfully planned space and utilities and elegantly designed interiors.

The project will also offer the perfect choice of amenities such as health clubs for men and women, steam and sauna facilities, gymnasium, aerobic centre, swimming pools, children’s play area, barbecue area, function room, tennis court and access to golf courses. Lakeside is designed by industry renowned consultants – AR Konsult.

The project’s prestigious location – IMPZ – extends a sophisticated lifestyle with unique facilities including in-campus transportation, medical centre, schools, hotels, shopping centres, restaurants, amphitheatre, sports grounds and full-fledged fitness clubs.


The total value of The Developer's projects is over $4 billion.
and has now grown into a global conglomerate with more than 6000 employees in 18 countries.

International Media Production Zone
Dubai’s International Media Production Zone (IMPZ) seeks to create a unique cluster environment for media production companies from across the industry value chain, and from across the world, to interact and collaborate effectively.

Catering exclusively to companies in the 3P industries – Printing, Publishing and Packaging – IMPZ is an initiative of the visionary Dubai government, under the patronage of parent company, Dubai Holding.

As a master developer, IMPZ will provide an environment of growth by building key facilities, investing in infrastructure, and forming a unique free zone that incorporates industrial, commercial, residential and community service projects under its mantle. The vast complex will be housed on a territory of over 43 million square feet of land, in the heart of comme

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 105,000
Features:
Beach
Golf
Submission Date:
11-17-2007
Last Update:
03-21-2008
Advertiser Details:


Name:
Damac Properties

Company:
Damac Properties

Phone:
00353 1 6319107
Fax:
00353 1 6319434
Mobile:
00353 86 0304679

 
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Calculators

 
Property price: €105,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations