2 bedroom apartment for sale
UAE / Dubai - Dubai
like this property?Call: 03339 872634
- Stunning Views Over Palm Jumeirah
- 7% ROI Guaranteed for 3 Years
- 5 Year Service Charges Wavered
- Private Beach
- Signature Restaurants and Bars
- 5* Hotel Resort
- Globally recognised location
- Global hotel brand with proven track record operating on the Palm Jumeirah
- Furniture package included
- Safe Investment
The Palm Jumeirah is on our list of safe investment areas in the Dubai market. Our research shows that the Government is investing heavily in the Palm and the immediate surrounding area, in order to attract visitors from around the world and build on an already successful hospitality market, with the Iconic Palm Jumeirah being the centre point.
The Palm already has highly successful globally branded 5* hotels, making this property slot into an existing market, where demand is high.
The developer has confidence in their product, offering a 7% GUARANTEED ROI for the first 3 years and 5 YEARS FREE service charges, after hand-over.
This investment will allow you to stay in the property for up to 14 nights per year if you opt for the hotel rental scheme (something we recommend to clients so that they can experience their investment in full).
The unit on offer is a stunning two bedroom apartment, stretching 1357 sqft, with a separate living/ dining and kitchen, with one of the best views of the palm and the marina skyline. The balcony extends the living area to overlook the two pools, beach and sea.
This property comes directly from the developer, you will be the first owner of this property which will be handed over Q3 this year (2018). On handover we expect your investment to benefit from an increase in capital gains of around 10%.
In essence, THE 8 are sumptuous, stylish and contemporary apartments, in a signature location. Inspired by the world's leading designers and using the best European finishes, this unique project is well overdue for the Palm. THE 8 brings cool, chic, Miami style living, with sophistication and lightweight architecture, in an exquisite beachfront location.
We highlight The 8 as a good investment due to the quality of the build and its unique location.
The Palm has what we refer to as a 'secondary pull'; by this we mean that the property is attractive for more than one reason, offering a more secure investment or second home. We believe that this is a good investor product and also a fantastic holiday home for those wanting to keep the property private. With no service charges to pay for 5 years, there is no upkeep cost during your first five years of ownership.
The 7% return is guaranteed by the developer under contract for the first 3 years, which is usually referred to as the grace period for hotel resorts.
All monies are paid into an ESCROW account, which is held by the Dubai Government, and will not be released to the developer until handover. (we have verified this with the Dubai Land Department).
There will be a 4% Dubai Land Department fee payable on all properties, which is the fee paid for land registration in Dubai.
As an investor, you'll be entitled to open a bank account with a bank in the Middle East, which will allow you to enhance your tax-free investment.
Global Investment Property is not estate agency, but a firm of property investment consultants. We only recommend properties that have been analysed as being a 'good investment'. This is based on a number of factors, including:
Local area and surroundings
Real market sales data
Performance of similar projects in the area
Future plans for the surrounding area
Performance indicators of the country
10-year market predictions
Our head office is based in the UK, with a sub-office in Dubai. Our location gives you the opportunity to speak, and even meet with someone here in the UK; then if you wish to travel to Dubai you'll be greeted by one of our British consultants, who will be familiar with your requirements.
A consultation with us is always free, so why not give us a call and see how we can help you to make an educated investment, with limited risk.
UK +44 7927 070 232
UAE +971 50 201 4547
Global Investment Property, Building portfolios for the future!
*************************Price is based on exchange rate at the time of listing**************************
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- Dubai (INTERNATIONAL), 18.2 miles
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