The Cavendish

AJMAN PRE-LAUNCH OPPORTUNITY! With a booming population, high capital growth, a 70% rise in rental demand and at just 20 mins from Dubai International Airport, Ajman stakes claim as the new Dubai!

The Cavendish Overview

Ajman is the smallest of the 7 United Arab Emirates, and is promising to be the next Dubai. With a local population steadily increasing, plus a growing influx of visitors, this Ajman investment is expected to be a solid one.

• Current prices are similar to those in Dubai in 2002
• Freehold property ownership
  
• Resident visas are available
• No personal income tax, property tax, rental income tax or capital gains tax
• The new Ajman International Airport expects 2 million passengers per year at inauguration in 2011
• Ajman properties witnessed a 30% increase since the December 2007 announcement of the new airport
• 1.5 miles from the beach

The Investment

Located in the district of Awali City in Ajman, this development offers the investor the following advantages:

• Pre-release prices with two payment structure options
• 5% discount available when opting for payment option B (see payment schedule)
  
• Capital appreciation of 25-40% per annum
• Rental returns of 7-12% per annum (Ajman's rental rates rose 70% in 2007)
• In 2007 price per square foot increased from 300-500 AED for residential properties
  
• City centre investment in an area of parks, lakes, schools and leisure centres
• Environmentally friendly building, powered partially by solar energy
• Interest-free two year payment plan
• No capital gains or rental income tax

The Exit Strategies

• High rental potential - current population of 260,000 increasing dramatically.
  
• Visitors projected to increase to 15 million by 2010
  
• Resale for a 2% transfer fee

The Security

This IPIN project is a pre-licence / pre-launch opportunity, which means that upon receipt of licenses, the development's prices will inevitably increase. 

The developer has a proven record and much of the security lies within that.

• Approved by the UAE government's Real Estate Regulatory Agency - RERA

The Developer

In addition to the current Ajman building, the developer has constructed a hotel in Dubai, and is building two additional residential projects also in Dubai.

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Further Details

Set in the self-sufficient city of Awali City, new Ajman, this development is made up of an H-shaped 30 storey building comprising of studio and 1 bedroom apartments.

• Hi-speed elevators
• Central A/C in all apartments
• Environmentally-friendly building with partial solar power
• Landscaped roof-garden
• Retail mall with selection of restaurants, cafés and shops
• Top 4 floors are a 30-suite hotel
• Nearby golf course
• Close to main city
• Close to beach
  

The Facilities

• Door security system
• 24-hour maintenance and facilities management
• Concierge
• Closed-circuit TV and security
• Smart technology building
• Digital and satellite-wired
• Wi-fi high-speed internet access
• Double-glazed, thermo-heat resistant windows
• Swimming pool, gardens and sun terrace
• Health club on mezzanine level equipped with the latest fitness equipment, sauna and jacuzzi
  

The Furniture Options

• Prior to completion, a full range of household furniture packages will be offerred for sale and delivery
• White goods package will be available

The Units

• Studio apartments of 37m2 with a parking space
• 1 bedroom apartments of 72m2 with a parking space

The Build Specifications

Kitchen

• Standard quality base units (upgrade packages will be available prior to completion)
• Cooking area covered by Central Exhaust System

Bathroom

• Ceramic wall tiles in bath and shower enclosures
• Modern 3-piece bathroom suite

Flooring

• Tiled (upgrade packages for marble and hardwood will be available prior to completion)
  

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Some benefits of IPIN membership:

• 100% FREE to join
• Due Diligence on all projects and Indepedent legal reports
• Instant access to vetted investment opportunities
• Low Money Down Investments, Invest with just £4,000, €6,000 or $8,000 approx. figures
• Projects Offering 8% Guaranteed Rental
• Deal directly with the developers
• Free consultations with expert IPIN portfolio advisors
• Access to pre-release developments
• Dedicated Investment Support Team
• Access to land/development project consultancy services