United Arab Emirates House / Home On Offer
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€435,374 | £400,000 | US$638,694 (Approximate currency conversions supplied by  )
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| Ref |
590912 |
| Town |
Dubai |
| Region |
Dubai |
| Type |
House/Villa |
| Bedrooms |
1 |
| Category |
Re-Sale |
| Listed |
261 days ago |
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House/Villa Description
This development is set to be the realisation of this vision and offers unparalelled design, creativity and INVESTMENT POTENTIAL in what is set to be the most sought after destinations in the World. With AFFORDABLE PAYMENT PLANS across two years, investors can leverage their capital across the build and sell at any time. Only 5% REQUIRED TO PURCHASE.
The Waterfront Skyscraper; Waterfront; Dubai
The Project
The Waterfront Skyscraper is a 50 storey landmark residential tower located in precinct C of the Madinat Al Arab at Waterfront. The tower will define the Waterfront skyline standing at the heart of the gateway to Madinat Al Arab and is located on a prestigious plot deemed ??iconic? by many.
This development the largest in the world. Twice the size of Hong Kong Island and covering 1.4 billion square feet, The area is a mix of residential, commercial and leisure projects that will host an international community of 1.5 million people and will be home to over 250 master-planned communities to feature in the last 15km of Dubai??s coastline to be developed. Waterfront presents an unparalleled opportunity for investors and is ideally situated in relation to Dubai World Central airport, Jebel Ali Free Zone and the rest of Dubai.
The vision of the Waterfront is to ?? create a world-class destination for residents, visitors and businesses in the world's fastest growing city".
This development is set to be the realisation of this vision and offers unparalelled design, creativity and investment potential in what is set to be the most sought after destinations in the World. With affordable payment plans across two years, investor can leverage their capital across the build and sell at any time.
The developers are the first in Dubai to have an activated Trust (Escrow) account before launching a single property. This ensures safety of your deposits and confidence in the build.
About the area
The Dubai Waterfront (now known as Waterfront) is expected to become the largest waterfront and largest man-made development in the world. The sheer ambition of the area and its prime location makes investing in this development a extravagant yet secure purchase to the savvy investor.
Due to the huge rental demands and capital appreciation on such desirable units, there will be a solid resale market with many young professionals and investors alike looking for a finished home in the heart of Dubai and will be willing to pay a premium for it.
Project Particulars:
Freehold
Anticipated Construction Starts: 1st/2nd Quarter 2009
Anticipated Completion Date: 2nd Quarter 2012
1 bed - sizes ranging from 915 ?? 1,139 Sq Ft
2 bed - sizes ranging from 1,359 ?? 1,512 Sq Ft
3 Bed - sizes ranging from 1,885 ?? 1,991 Sq Ft
4 Bed ?? sizes ranging from 2,731 ?? 3,643 Sq Ft
Penthouses - sizes ranging from 10,665 ?? 10,772 Sq Ft
Podium ?? 7 Storey
Duplexes - sizes ranging from 2,507 ?? 3,684 Sq Ft
Triplexes - sizes ranging from 3,421 Sq Ft
Parking:
1 Space allocation for 1 Bed & 2 Bed
2 Space allocation for 3 Bed & 4 Bed
3 Space allocation for Penthouse
Payment Structure:
Deposit/1st Installment 5% On booking
2nd Instalment 5% 30th October 2008
3rd Instalment 10% 1st March 2009
4th Instalment 10% 1st July 2009
5th Instalment 7.5% 1st November 2009
6th Instalment 7.5% 1st March 2010
7th Instalment 7.5% 1st July 2010
8th Instalment 7.5% 1st November 2010
9th Instalment 7.5% 1st March 2011
10th Instalment 7.5% 1st July 2011
11th Instalment 25% On Completion
Reservation Deposits & Instalments:
All Deposits and Instalments will be made payable into an Escrow Trust Account for buyer peace of mind.
A booking fee of £2000 must be taken on international sales which will be deducted from the first payment made by the purchaser which must be made within 7 days of b
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