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The Toscana Club Residence is located in the Mediterranean sector of Discovery Gardens, which is on Sheikh Zayed Road behind Ibn Batuta Shopping Mall (close to Jebel Ali Freezone, the new proposed Dubai International Airport & Logistics City)
As the owner of a unit, you would lease it back to the developer, who would manage and operate It as a 3 star serviced apartment project, and the units will be rented daily/weekly through the central reservation system of one of Dubai's leading tour operators.
Owners would earn 60 of the annual rental income of your apartment (paid in arrears)
Earn a guaranteed minimum rental income of 8 of purchase price of your apartment for the first 3 years.
Use your apartment for 30 days a year (off peak)
Pay for your apartment in instalments spread over 2 years - 10 on booking, 10 within 30 days of booking ; 10 within 90 days of booking, 20 on 30th June 2006, 20 on 30th Sept 2006, 20 on 31st March 2007, 20 on 31st Dec 2007, 10 on completion in early 2008.
As you may be aware, the tourists visting Dubai is increasing rapidly every year, and Dubai is set to be one of the world's top tourist destinations. It is anticipated that there will be a high demand for daily/weekly/monthly rentals in this project from tourists as well as business vistors.
Estimated annual income to owners is likely to be 8 to 14 of purchase price. The developer is guranteeing a minimum annual rental income of 8 for first 3 years.
You can reserve a unit by filling the attached credit card authorisation form, and your credit card will be charged with a fee of AED 5,000. The balance 10 booking amount should be transferred to the developer within a week. The attached reservation form should be filled and faxed back to me at +9714 3364348.
There are 5 studios and 10 nos. 1BR units on each floor in this G + 3 storey building, and all the units are likely to sell rapidly. |
