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Property for sale information

 
Damac Heights By DAMAC PROPERTIES  
Reference nr: DD951628
Description:

Damac Heights, the iconic 90-storey tower is located in the prestigious Dubai Marina overlooking the Palm Jumeirah, Dubai, the 8th wonder of the world. A premier freehold residential complex, Damac Heights, Dubai connotes distinctive lifestyle expressions with unparalleled opportunities. This development belongs to the small but eclectic collection of opulent dwellings in Dubai. Equipped with thoughtfully planned space and utilities, Damac Heights, Dubai offers the perfect choice of amenities.

• Exceptional marina living - one of the most highly sought-after
in the world

• Strategic location in the most happening district in Dubai

• Freehold apartments with Residence Visa

• 60 floors of 1, 2 & 3 BR apartments + 25 floors of duplexes &
penthouses + 5 floors of parking spaces, restaurants, gym &
swimming pools

• Designed by world-class architects Aedas

• Unique vistas of Palm Jumeirah, Dubai & the Arabian Gulf

• Beachside reminiscent of the French Riveria/the Musandam Peninsula

• Exclusive use of luxury yacht & private cinema

Besides state-of-the-art amenities, residents of Damac Heights, Dubai enjoy the luxuries of a personal gymnasium, indoor swimming pool, jet spa & sauna; these privileges are restricted to penthouse & duplex owners. Attractive finance packages are available from all the leading home financiers across the United Arab Emirates.

Taste consummate luxury at Damac Heights, Dubai the perfect address for those who think elite & live royally.

Payment Terms

Deposit 10% Immediate
1st instalment 10% Within 30 days of reservation
2nd instalment 10% Within 120 days of reservation.
3rd instalment 10% Earlier of piling completion/within 180 days of 2nd installment due date
4th instalment 10% On completion of podium structure
5th instalment 10% On completion of 25th floor structure
6th instalment 10% On completion of 50th floor structure
7th instalment 10% On completion of 75th floor structure
8th instalment 10% On completion of the structure
9th instalment 10% On completion date

Bedrooms: Bathrooms: Price (€):
2 2
Features:
Beach
City
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: €
 

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