AIM PROPERTIES PLEASED TO PRESENT RITZ RESIDENCE
Fully Furnished Studio / 1 BED ROOM (CONVERTIBLE TO 2 BED ROOM) / 2 BED ROOM
Garden View / LANDESCAPING/
SIZES:
STUDIO: 405 Sq.Ft TO 425 Sq.Ft
1 BED ROOM: 696 Sq.Ft
2 BED ROOM: 1000 Sq.Ft
PRICES:
STUDIO: AED 440,000 TO AED 470,000
1 BED ROOM: AED 770000 TO AED 820,000
2BED ROOM: AED 1.1 MILLION TO 1.2 MILLION
PAYMENT TERMS:
10% UPON BOOKING ( 4% OQOOD FEE)
15% AFTER 60 DAYS Of BOOKING
1% 75 MONTHS
FINANCIAL ASPECTS:
PRICE OF STUDIO APARTMENT: AED 448,000
PRICE OF 1 BED ROOM APARTMENT: AED 770,000
PAYMENT TO BE MADE TILL THE TIME OF HAND OVER ( AUG 2018)
55% OF SELLING PRICE OF STUDIO AED 246,400
55% OF SELLING PRICE OF 1 BED ROOM AED 385,000
ON THE PAYMENT OF AED 246,400 ( STUDIO) & AED 385,000 ( 1 BHK) THE BUYER WILL HAVE HIS OWN APARTMENT & ITS THE BUYERS WILL EITHER TO LIVE IN IT OR RENT IT OR SELL IT.
RENTAL INCOME AND RETURN ON INVESTMENT
RENT OF A FULLY FURNISHED STUDIO IN THE AREA OF AL FURJAN IS AED 50 K TO 55 K
SO THE RENTAL RETURN WILL BE ABOUT 22% TO 25%
RENT OF A FULLY FURNISHED 1BHK IN THE AREA OF AL FURJAN IS AED 75K TO 80K
SO THE RENTAL RETURN WILL BE ABOUT 20.8% TO 21.5%
INCOME RETURN AFTER GETTING HANDOVER
IF THE BUYER AT THE TIME OF HANDOVER SELLS HIS APARTMENT ON THE MARKET PRICE
STUDIO:
MARKET PRICE FOR THE STUDIO FULLY FURNISHED APARTMENT IN AL FURJAN IS RANGING FORM AED 520K TO AED 570K
SO BY PAYING THE FULL AMOUNT OF APARTMENT WHICH WAS AED 448,000 THE BUYER WILL BE HAVING INCOME OF AED 122,000 APPROXIMATE WHICH IS ABOUT 27% RETURN ON INVESTMENT .
1 BED
MARKET PRICE FOR THE 1 BED ROOM FULLY FURNISHED APARTMENT IN AL FURJAN IS RANGING FORM AED 800K TO AED K 950
SO BY PAYING THE FULL AMOUNT OF APARTMENT WHICH WAS AED 770,000 THE BUYER WILL BE HAVING INCOME OF AED 180,000 APPROXIMATE WHICH IS ABOUT 23% RETURN ON INVESTMENT
CONCEPT AND IDEA OF RITZ RESIDENCE:
Space. Innovation. Danube.
For the 1st time in the Middle East, Ritz by Danube brings an innovative concept that enhances space utilization. A home that transforms as per your needs.
Ritz by Danube offers a selection of 446 units of Studio, 1 and 2 bedroom fully furnished apartments. Apartments are fitted with modular furniture and a European technology convertible sofa that transforms into a full size bed with just a gentle pull. Now you have a spacious living room by day and a comfortable additional bedroom at night.
If living at Ritz by Danube is this comfortable, the location is even more convenient. Ritz is located in Dubai - Al Furjan, next to Discovery Gardens, about 2 mins a way from the new proposed metro line and just 10 mins away from the Al Maktoum International Airport.
LOCATION ASPECTS:
Al Furjan
Al Furjan is a local phrase describing a collection of houses or a smal lvillage. A contemporary and distinctly family oriented community,
Al Furjan captures the principles of traditional neighborhood living, combining spacious villas and terraced housing with abundant open
spaces and a multitude of amenities. Set in 560 hectares of Ibn Buttuta Mall and adjacent to Discovery Gardens and The Gardens, Al Furjan will feature over 4,000 homes.
Ritz by Danube is located minutes away from the Dubai EXPO 2020 site.
Ritz is part of the many recent real estate developments in the new Dubai region.
2 mins from the new proposed metro line
10 minutes away from the Al Maktoum International Airport
Next to Discovery Gardens
Close to Ibn Battuta Mall
FOR VIEWING OF MODEL APARTMENT AND DETAILS CALL MALIK 055-100 79 78
Company name: A I M Properties
RERA ORN: 12454
Address: 3409, Citadel Tower, Down Town
Office phone no: 00971-43695383
Office fax no: 00971-43695384
Website: www.aimproperties.ae
Company Profile: AIM Properties has been recognized as a leader in the market of distinctive and luxury properties, committed to high performance and professionalism.With our lucrative and auspicious background of finance & investment, we deliver excellence in real estate. We promise a swift response, the highest standard of service & dedication to both quality and integrity.We believe, Customer Service is not a slogan. Its our way of doing business.