We use cookies to optimise your experience on our website. If you continue we'll assume that you are happy to receive our cookies. However, if you would like to, you can change your cookie settings at any time.

Continue

For improved printing use the print button on the page

print button

1 bedroom apartment for sale

UAE / Dubai - Dubai

£112,015

like this property?

Call: 03339 396627
  • Description
  • Floorplans (0)
  • Map

Key features:

  • Completed brand new property
  • Expected rental Yield of over 10%
  • Optional Post-completion Payment Plan over 12 months years
  • Flexible Buyer-friendly Payment Plan
  • Waterside Living
  • Sea/ water view
  • Close to restaurants
  • Gated / 24 hours security
  • Communal sports courts
  • Communal pool

Full description:

Rare chance to purchase a brand new one bed, beachfront apartment on one of the most exciting and unique projects, just 40 minutes drive from central Dubai, offering short term rentals between 10 and 15 percent and long term rentals up to 8 percent. Studios start from just AED 355,000 and one beds start from AED 565,000. Tenants have already started moving in, meaning return on investment is immediate.



Located on Al Marjan Island, a man made island stretching out into the open ocean. The island boasts amazing views and beaches and is now gaining a significant amount of international interest. It is already home to several 5* hotels and sold out residences. This development is going to provide much needed residential property but also a high demand from tourists.



This is the most modern and well-designed quality residence in the area, combined with low running costs its makes this the most popular beachfront property with many ex-pats working in and around RAK, with many people commuting to Dubai daily as they choose to live in the laid back vibe of RAK.



It is also a perfect short-term rental property or holiday home for overseas residents. The hotels in RAK are full to capacity most weekends with ex-pats from around the UAE and the rest of the GCC looking for a weekend beach retreat and an escape from the busy city lifestyle. RAK has a great atmosphere and is the most relaxed and friendliest Emirate, offering Tax-Free alcohol and no need for an alcohol licence.



Renting your property here is easy. There are plenty of companies who fully manage properties while you are not in residence enabling you to receive an income all year round via Airbnb, Booking.com and local short-term rental portals. Currently rents for studios are running at AED 27,000 per year, one bed at AED 38,000 and two beds between 50k and 80k per year



Features include;



  • Prime, beachfront location on Al Marjan Island
  • Gated community
  • Private beach
  • 3 Infinity swimming pools
  • 4 Tennis courts
  • Communal areas
  • Restaurants and retail units


In addition to getting high rental yields, you will also benefit from fantastic capital appreciation as the island matures over the coming years.



Investor Friendly Payment Plans



1.Fully Paid on Handover 



10% due on signing the reservation form



90% + 4% Land department fee due on signing of the SPA



A handover appointment can be booked as soon as the SPA is signed and full payment has been made.



 



Post Completion Payment Plan



10% due on signing the reservation form



40% due on signing of the SPA



50% divided equally over 4 quarterly instalments



4% Land department fee when property is fully paid



A handover appointment can be booked as soon as the SPA is signed and 50% has been paid.



Fully tenanted units are available on the 2 year post handover payment plan.



Why clients choose Elite Realty Dubai?



  • Our British sales and rental teams are based in Dubai
  • We have been selling here since 2003 and are experts in Dubai residential property
  • We specialize in the 'New Home' investor market
  • We achieve some of the best rental yields and capital growth currently available
  • We offer a large variety of investment projects throughout Dubai
  • We are unbiased- therefore will guide you to invest in the right property for your needs
  • We have a local rate telephone number and no call centres
  • Each client deals with the same sales person from start to finish
  • They trust in our long-term view, knowledge, integrity, experience, reliability, dedication and commitment to providing exceptional service

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Dubai (INTERNATIONAL), 18.2 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Dubai, Elite Real Estate Brokers

2705 Marina Plaza, Dubai Marina, Dubai, UAE
03339 396627  Local call rate
About Dubai, Elite Real Estate Brokers

We are a team of British sales and rental agents based in Dubai full time who have been active in the local property market since 2003.
We specialise in assisting investors from overseas to research, source, acquire and rent their residential freehold properties across the entire city.
Our clients are mainly British and Europeans living in their home country or as ex-pats around the world who buy for rental yields and capital growth, and occasionally, to relocate.
Our clients choose to work with us because they trust in our knowledge, integrity, experience, reliability, and commitment to providing exceptional service.


Disclaimer

This is a property advertisement provided and maintained by Dubai, Elite Real Estate Brokers (reference 103984_ELI-S-10652) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Dubai, Elite Real Estate Brokers

2705 Marina Plaza, Dubai Marina, Dubai, UAE
or call 03339 396627
Calling from outside the UK? 00971502770078

Spotted an error?

In order for us to help our agents maintain accurate and up-to-date information please inform the agent if you have noticed an error with this property. If you are the vendor, please contact your agent directly.