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Property for sale information

 
Jumairah Oasis One / Hotel Apartments / 10% rental guaranty for 10years/1041  
Reference nr: 1041
Description:

Date of completion:2010

Apartment 65 m²

Other apartments on request!

This development is the first boutique hotel to gain approval from the master developer. It will offer the residential community a place to meet and enjoy the restaurants,shops and five star facilities that this luxury Hotel has to offer.Beautifuly designed inside and out Jumeirah Oasis is a fantastic investment opportunity.

Dubai Sport City , where the Titans of world sport will battle for glory. A place you will call home and catch major international events and venues built to the latest state of the art specifications. Classic standard golf courses, designed by golf's international ambassador, Ernie Els. World famous sport academies such as Manchester United Football and David Lloyd Tennis academies have made Dubai Sport City their home in the region.

The building is G10 of which the floors are made up as follows;

o Floors 1 to 4 are fully furnished hotel apartments

o Floors 5 to 10 are fully furnished boutique hotel suites

o All include full facilities

o Each floor consists of 28 units

o The total built up area/floor from floors 1 to 8 is 20,747 sq.ft (info on floors 9 & 10 to follow)

Car parking is not included but can be purchased at AED 50,000


Payment terms:

- 10% on booking

- 15% after 3 months

- 15% after 3 months

- 20% after 3 months

- 15% after 3 months

- 15% after 3 months

- 10% on completion

Reservation fee will be AED 10,000. This will hold the unit for seven days by which time the balance of 10% should be paid.

Rental options:

- Option 1: 10% rental guarantee on purchase price for 10 years

- Option 2: 50/50% split of occupancy revenue returns after service and maintenance charges are deducted. ( not guaranteed)

Legal & regulations:

- Escrow account details to follow shortly

- The Issuing of contracts will commence following receipt of third payment.

- Two names can go on the contracts.

- Individual buyers must pay the 2% transfer fee.

- The first transfer fee will be free to bulk buyers.

- Individual buyers can sell their unit upon receipt of two payments.

- Bulk buyers can sell after making one payment.

Bedrooms: Bathrooms: Price (€):
1 1 183,000
Features:
Submission Date:
07-29-2008
Last Update:
03-23-2009
Advertiser Details:


Name:
Bruno Friedl

Company:
INRES international, investment & real estate

Phone:
0049-8031-941287
Fax:
0049-8031-941588
Mobile:
0049-176-23 35 97 98

 
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Calculators

 
Property price: €183,000
 

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