Features
Overview
The project is 100% freehold
The project is located in Jumeirah Village South; plot number JVC 14 TMRM 004
The building is G+10 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 5* 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
Car parking is not included but can be purchased at AED 50,000
Construction
Expected completion date is last quarter 2010
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)
Payment plan:
Dhs 10,000 on reservation
10% on booking
15% 2 months from booking payment
10% 5 months from booking
15% 8 months from booking
10% 11 months from booking
10% 14 months from booking
10% 17 months from booking
10% 20 months from booking
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.