Ebony & Ivory is a 2 tower masterpiece at International Media & Production Zone (IMPZ)
This studio, facing the pool, on the 6th floor, is priced attractively. A high appreciation and rental income is expected, as employees working at IMPZ would like to live in this community itself, instead of commuting to work.
Original Price : AED 280,245 Premium : AED 30,000 (inclusive of transfer annd brokerage commission) Total investment: AED 310,425 Estimated rental income on completion : AED 40,000 per year Therefore, annual yield = 12.8, which is very good.
15 of original price i.e. AED 42,064 plus premium of AED 30,000 i.e. total of AED 72,064 to be paid now.
Payment schedule: 15 + premium to be paid to seller; 15 within 3 months; 10 after 6 months ; 10 after 3 months ; 10 after 3 months ; 10 after 3 months; 10 after 3 months; 10 after 3 months; 10 on completion/hand over in mid 2008
