Space. Innovation. Danube.
For the 1st time in the Middle East, Ritz by Danube brings an innovative concept that enhancesspace 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 furnishedapartments. Apartments are fitted with modular furniture and a European technologyconvertible sofa that transforms into a full size bed with just a gentle pull. Now you have aspacious 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 islocated in Dubai - Al Furjan, next to Discovery Gardens, about 2 mins a way from the newproposed metro line and just 10 mins away from the Al Maktoum International Airport.
Fully Furnished Studio
Garden View
409.14 sq. ft.
10% upon booking
15% after 60 days
1% 75 months
Al Furjan
Al Furjan is a local phrase describing a collection of houses or a smallvillage. 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 ButtutaMall and adjacent to Discovery Gardens and The Gardens, Al Furjan willfeature 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 Dubairegion.
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
FINANCIAL ASPECTS:
PRICE OF STUDIO APARTMENT: AED 448,000
PAYMENT TO BE MADE TILL THE TIME OF HAND OVER ( AUG 2018)
55% OF SELLING PRICE i.e AED 246,400
10% ( BOOKING) + 15% ( IN 60 DAYS) + 1% ( 30 MONTH TILL HAND OVER) = 55%
ON THE PAYMENT OF AED 246,400 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 50K TO 55K
SO THE RENTAL RETURN WILL BE ABOUT 22% TO 25%
INCOME RETURN AFTER GETTING HANDOVER
IF THE BUYER AT THE TIME OF HANDOVER SELLS HIS APARTMENT ON THE MARKET PRICE
MARKET PRICE FOR THE STUDIO 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.
Amenities:
Grand entrance lobby
2 floors podium parking
Basketball court
Badminton court
Platform tennis court
Health club
Swimming pool/kids pool
Steam and sauna room
Jogging track
Party hall
Kids play area.
FOR VIEWING OF MODEL APARTMENT AND DETAILS CALL KURESHI @ 0526406007
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.