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Property for sale information

 
La Residence 2 By DAMAC PROPERTIES  
Reference nr: DD395821
Description:

La Residence 2- The luxe lifestyle!

• 100% Freehold
• Finance options available
• High standard of living

Island inspired residential complex at the heart of Business Bay, La Residence 2 is a spectacular architectural marvel. A strategic decision and a much needed residential project in the commercial area, La Residence is just a walk away from the offices at the Business Bay.

Inspired by the spectacular surroundings untouched by the stressful buzz of business life, the architectural design of the spectacular 58-storeyed tower is motivated by petals of the Lotus flower; one of the most celebrated flowers in the world. Comprising of 1, 2 and 3 bedroom apartments, with each master bedroom having a private spa-bath, thoughtfully planned space and utilities, tastefully chosen furniture and joinery and elegantly designed interiors, makes La Residence a haven of a house. Adorned with stylish interiors, every home at the La Residence 2 is a breathtaking spectacle to view.

The La Residence 2 also offers the perfect choice of amenities such as; swimming pool, gymnasium, function rooms, massage facilities and more. The project is a distinctive lifestyle expression that offers unparalleled opportunities such as shopping at the varied choice of branded stores, unwinding over a cup of coffee or meeting up with friends and family over dinner.

Location

‘La Residence at the Lotus’ is located on an island in Business Bay, Dubai. This gleaming tower is part of The Lotus, a larger residential complex featuring 4 high-rises designed to resemble the petals of the lotus flower. Covering 64 million square feet and comparable to New York’s Manhattan and Tokyo’s Ginza business centres, the Business Bay is positioned off Dubai Creek & extends from Ras Al Khor to Sheikh Zayed Road.

La Residence Features


• Swimming pool


• Kid’s pool


• Jogging track


• State-of-the-art gymnasium


• Function rooms


• Health club


• Sauna/Spa baths/Steam/Massage


• Children play area


• Parking on 3 levels of the podium plus 5 basements


• Dedicated parking for each apartment


• Valet parking


• Mail collection and delivery


• state-of-the-art IT facilities


• room service


• laundry service


• 24-hr concierge, security and help desk facilities


• Retail on ground & mezzanine levels


• Cafes


• Juice bars


• Restaurants with outdoor settings


• Located on an island, in a prime business area in Business Bay


• Prime waterfront location


• Friendly green spaces all around


• Plinth and geometrical stone work


• Grand entrance and separate lobbies


• Natural cross ventilation


• Pixilated with solid state lighting

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