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Property for sale information

 
Crescent - Lago Vista By DAMAC PROPERTIES  
Reference nr: DD289072
Description:

High capital growth potential in a high net worth location, this state of the art lakefront residence provides all the recreation and relaxation you could wish for. A shining tower of 18 floors with beautiful panoramic views directly overlooking the large picturesque lake; it is also ideally situated in the International Media Production Tax Free Zone (IMPZ).

Crescent-Lago Vista will provide a desirable and comfortable lifestyle in a serene environment. All apartments are fully finished and equipped to superior deluxe quality, featuring double glazed windows, air conditioning, premium quality ceramic tile floors throughout, white goods, fully fitted bathroom and kitchen. The residence is ideally located for long term rental to corporate and executive workers who wish to live near to work in a luxury, 5-star environment, where rent is paid 6 or 12 months at a time.

Features include plush lobby and reception with 24 hour security, large temperature controlled swimming pool, tennis courts, children’s playground, state of the art health club with the latest fitness equipment, sauna, elevator access from the parking to the apartments, and an elegant banquet/function room.

Located off the Emirates Road inside the high growth and high net worth International Media Production Zone's tax free residential sector, 10 minutes from Jumeirah Beach and Dubai Marina, TECOM and International Financial Centre and only 2 minutes from Sport City and Dubai land. It is truly a prime central location with immediate access to all the fantastic attractions in Dubai. IMPZ will provide an eco-friendly environment and infrastructure that will support all sectors of the media and entertainment production industry.
IMPZ community amenities include internal transportation, medical facilities, numerous green parks, schools, retail and commercial outlets, recreation and fitness facilities, numerous restaurants and cafes. IMPZ is also located on the doorstep of the future Dubai land. Dubai land will be the World's largest entertainment development which will consist of 6 themed worlds and comprise over 200 individual projects. Dubai land will employ 300,000 people and attract 200,000 visitors a day!



Crescent-Lago Vista will be complete in 2nd quarter 2008, unique classic buy to let residential investment opportunity not to be missed! The modern residential suites coupled with the lake front free zone location assure a high long-term demand for rental and resale. Considering the high net worth business registration taking place and future direct investment to the neighbourhood, the 15-20% high capital appreciation is a clear reflection of tax free benefits. Investors can expect to receive 10%-12% annual rental income TAX FREE.
Studio 47m² to 47m² €126,000 to €126,000

Two Bedrooms 117m² to 125m² €224,000 to €289,000

Payment Terms

Deposit 10% Immediate
1st Installment 15% Within 30 days from signing of reservation form
2nd Installment 15% Within 120 days from signing of reservation form
3rd Installment 15% On completion of 5th Floor structure
4th Installment 15% On completion of 10th Floor structure
5th Installment 15% On completio

Bedrooms: Bathrooms: Price (€):
1 1
Features:
Beach
City
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: €
 

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