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| FACILITIES |
| Property Type: Apartment |
Property Site: City / Village |
| Country: UNITED ARAB EMIRATES |
City: Dubai |
| Zip Code: |
Region: Dubai |
| Address: |
Vacation Property (for rent): No |
| Construction Year: 2007 |
Surface Area: 476 sq. ft. |
| Bedrooms: 1 |
Bathrooms: 1 |
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| DESCRIPTION |
This is a fantastic opportunity to purchase a 476 sq. ft studio on the 10th floor in a G + 10 storey building at International City, CBD.
This is one of the few buildings in International City to have a swimming pool (roof top), gymnasium, basement parking and security.
Fittings are top class. This project is developed by Sheffield Real Estate and the master community developer is Nakheel.
Original price : AED 239,000
40 payment to be made to the developer = AED 95,600 : this amount needs to be paid in cash or by bank manager's cheque to ValUserv International, and we will pay cash to the developer.
Transfer fee @1 of original price to be paid to developer = AED 2,390 : by cheque
Premium to be paid to ValUserv International = AED 32,970 : cash or bank manager's cheque
Commision @2 to be paid to ValUserv International = AED 5,440 : cash or bank manager's cheque
10 to be paid to developer in end July '06 = AED 23,900
10 to be paid to developer in end Sep '06 = AED 23,900
40 to be paid to developer on handover by Mar '07 = AED 95,600
Total investment = AED 279,800 i.e. USD 76,240
Total amount to be paid now = AED 136,400 i.e. USD 37,166
Annual maintenance charges @ AED 4 per sq. ft = AED 1,884
Estimated annual rental income in year 1 is AED 40,000
Therefore estimated net annual income in year 1 = AED 38,116
Estimated net Annual income works out to 13.6 of your investment in year 1, expected to drop to 12 in year 2, to 11 in year 3, and approx. 10 in subsequent years (as supply of residential units increase)
Upto 70 finance available from Tamweel for UAE residents
As is evident from the numbers above, this is a great real estate investment opportunity in Dubai. |
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FEATURES
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| Furnished:: |
No |
Dishwasher: |
No |
Alarm System: |
No |
| Washing Machine: |
No |
Hotwater: |
No |
Office Room: |
No |
| Linnen Supplied: |
No |
Pet Friendly: |
No |
Tennis Court: |
No |
| Balcony: |
 |
Gym/Sauna: |
No |
Terrace: |
No |
| Telephone: |
No |
Garage: |
No |
CableTV/Sat: |
No |
| Ocean View: |
No |
Lake View: |
No |
Mountain View: |
No |
| Ocean Front: |
No |
Lake Front: |
No |
Cellars: |
No |
| Swimming Pool: |
Private No
Public |
Garden: |
PrivateNo
Public |
Parking: |
Private No
Public |
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|  | | LEBANON
| | |  | | PHILIPPINES
| | |  | | BULGARIA
| | | | | ITALY
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