Prices & Payment Schedule
The payment schedule is as follows:
Initial Reservation Deposit 20% AED 1.3 million
Second 20% Payment (December 2015*) AED 1.3 million (*Subject to The Heart of Europes first Floating Seahorse being ready and in the water)
Third 20% Payment (June 2016*) AED 1.3 million (*Subject to Dry Docks Dubai structure completed and seen)
Final 40% Payment (December 2016) AED 2.6 million
Our estimated figures below are conservative, but realistic, in comparison with average prices at the exclusive Poseidon Suites at The Atlantis:
Occupancy 80%
Average Daily Rate for one Floating Seahorse AED 15,000*
Each Floating Seahorse can accommodate up to six people. The total built size is 182m2
Estimate Annual Rental Revenue AED 4.5 million*
Based on 300 nights rented per year.
Total Operating Costs (60%) AED 2.7 million**
(**Please note, this excludes maintenance fees which are AED 20 per square foot)
Estimated Total Profit (ROI per year) AED 1.8 million
This conservative calculation represents an annual tax free ROI of 27.69% based on the total initial investment which is highly attractive
Capital Growth Projection
Our estimations for capital growth is also conservative and is detailed below:
10% per year from pre-construction to The Floating Seahorse being fully-operational.
Based on an initial sales price of AED 6.5 million, 10% per annum would generate AED 975.000 capital appreciation which means that within the first three years,
the investor would get 100% return on his/her initial investment.
Overwater villas and floating properties have existed for years worldwide, but The Floating Seahorse will set a new benchmark in the marine and luxury
lifestyle development market. The bespoke project of just 42 floating retreats in Dubai is soon to become one of the most desirable and talked about
concepts on a global scale.
Each individual Floating Seahorse will boast three storeys
_
one underwater, one at sea level and an upper deck. Sleeping underwater amongst marine
life is something many of us could only dream about, but The Floating Seahorse will offer you just that, and more!. The Floating Seahorse is designed for
holidaying, relaxation and quality leisure time.
Call Yaser Mohamed BRN NO : 33657 on +971 552005896 / +9714 2767281 or visit www.rivercity.ae for further details
Company name: River City Real Estate
RERA ORN: 15457
Address: Office 507 Damac Smart Heights, Tecom, Dubai, UAE
Office phone no: +9714-2767281
Office fax no: +9714-2767249
Primary email:
Website: www.rivercity.ae
Company Profile: We are the "Real People To Rely On". We provide services for the buying, selling and leasing of residential and commercial units, apartments and villas. River City Real Estate is an ambitious, energetic and creative estate agency based in Tecom, Dubai. We handle commercial, residential and investment property in and around Dubai, with an emphasis on the City Fringe and Tech City markets. We are doing what is best for our clients and making sure the vast range of advice we offer enhances their future prosperity. Our team is extremely and proudly approachable. Wherever it is you want to live or work, we welcome the chance to talk to you. River city Real Estate is secured in the accompanying Prime Locations: Al Barsha TECOM Dubai Marina Jumeirah Sheikh Zayed Road Greens the Views ,JLT Sports City Motor City Business Bay Discovery Gardens Al Khail Gate International Media Production Zone Dubai Silicon Oasis..