With great pleasure we present you our 1st PROJECT LAUNCH FOR 2016 , Premium Residences & Hotel units at AKOYA OXYGEN - “NAVITAS @ AKOYA OXYGEN”
The Navitas Hotel & Residences development at AKOYA Oxygen is located in one of the most anticipated master communities in the UAE. Comprising one hotel and four further towers presenting residential apartments, all boast spectacular views of the lush greenery.
The towers are set on a common podium and offer their own retail element so you never need venture far from home for a few supplies.ANTICIPATED COMPLETION DATE
31st-DECEMBER-2019.
* PROJECT - DETAILS - RESIDENTIAL
BUILDING NAME - NAVITAS - TOWER D
CONFIGURATION - Ground +1P+14 Floor
BUILDING TYPE - RESIDENTIAL
PARKING - 1 PARKING PER UNIT
UNIT TYPES - STUDIO & ONE BEDROOM
APPROXIMATE AREA -STUDIO - Approx MIN - 349 / Approx MAX - 381
- ONE BEDROOM Approx MIN - 436 / Approx MAX - 602
* PROJECT - DETAILS - HOTEL
BUILDING NAME - NAVITAS - TOWER E
CONFIGURATION - Ground +1P+14 Floor
BUILDING TYPE - HOTEL
PARKING - PARKING SHALL BE MANAGED BY HOTEL MANAGEMENT
UNIT TYPES - STUDIO & ONE BEDROOM
APPROXIMATE AREA - STUDIO - Approx MIN - 322 / Approx MAX - 364
- ONE BEDROOM - Approx MIN - 434 / Approx MAX - 454
* AVAILABILITY & BOOKING PROCESS:
The project is Released into common availability for sale & The unit shall be Assigned on first come first serve basis Maximum 30 minutes or else the unit shall be released without any further notification. Minimum AED 20,000/- token deposit shall apply for any Individual unit.
PAYMENT PLAN -- NAVITAS --- INITIAL DEPOSIT DUE IMMEDIATELY 24%
- 1ST INSTALLMENT N/A 0%
- 2ND INSTALLMENT WITHIN 60 DAYS FROM SALE DATE 10%
- 3RD INSTALLMENT WITHIN 180 DAYS FROM SALE DATE 10%
- 4TH INSTALLMENT WITHIN 360 DAYS FROM SALE DATE 10%
- 5TH INSTALLMENT ON Completion of 8th floor's structure 20%
- 6th INSTALLMENT ON COMPLETION 30%
*INCLUSIVE OF 4% REGISTRATION FEES
- HOTEL --- RETURN ON IN VESTMENT
YEAR ------------------------------ 2020 ---------- 2021 --------- 2022 --------- 2023
AED PER NIGHT ----------------- 530 ---------- 535 ---------- 551 --------- 562
OCCUPANCY ----------------- 80% ---------- 80% --------- 80% --------- 80%
REVENUE PER ROOM ---------- 155,184-------156,308-------160,997------164,217
40% REVENUE SHARE --------- 62,074 -------- 62,523 ------- 64,366 ------ 65,687
YIELD PERCENTAGE* ---------- 8.87 % -------- 8.93 % ------- 9.20% -------9.38%
LIFESTYLE BENEFITS** --------7,420 ---------- 7,494 --------- 7,719 -------- 7,873
RETURN ON INVESTMENT*---9.93% ---------10.00%-------- 10.30%------ 10.51%
* 40% SHARE OF TOTAL REVENUE
* TITLE DEED WITH EVERY UNIT SOLD
* TWO WEEKS FREE STAY PER ANNUM
* ZERO SERVICE CHARGES
* ZERO UTILITY CHARGES
* SALES AND LEASE - BACK AGREEMENT PROVIDED
** BASED ON INITIAL INVESTMENT OF AED 450,000
** COMPRISING OF 14 NIGHTS' ACCOMMODATION
NOTE;- ON AGENCY FEE, WANNA BOOK YOUR UNIT CALL FEEDAA