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Engel and Voelkers
  • Broker: Engel and Voelkers
  • Agent name: Michael Hof
  • RERA BRN: 16081
  • Reference number: W-025ODU
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AED 814,553

12% Retun On Investment in Murano Residences

Al Furjan, Dubai created 16.06.2016, updated 16.06.2016
Property verified Print Report
  • Price Price
    1,024 aed/ft²
  • Deal type Deal type
  • Property type Property type
  • Size Size
    796 ft2

Key features

  • Built in wardrobes
  • Central air conditioning
  • Children's play area
  • Community View
  • Gymnasium
  • Metro station
  • Mosque
  • On low floor
  • Public parking
  • Public transport
  • Restaurants
  • Shared swimming pool
  • Shops
  • View of gardens

Engel & Voelkers is proud to present this incredible investment opportunity, one bedroom apartment in Murano Residences. 
The home owner pays 40% during construction and 24% at handover of the apartment. This is the time when ADIB (Abu Dhabi Islamic Bank) will provide finance for the project. With only 64% of the purchase price that to be paid before moving into the apartment or renting it out.  The balance of the purchase price is paid over 3 years post handover at a rate of 1% per month. We predict that the units will produce a rental return of between 12% and 15% in the first year after handover. Capital appreciation goes on top of this. Investors cannot resist this offer.

 

Al Furjan is home to first-rate facilities (schools, hospitals, retail shops, Ibn Battuta mall, restaurants, hotels). It is a family oriented community and will have a metro station 900m away from Murano Residences. The beach, Dubai Marina, Expo2020 site and the Al Maktoum International Airport are all close by. 

Engel & Voelkers is one of the world’s leading service companies specialized in the sale and rental of premium residential properties, commercial real estate, yachting and aviation consisting of more than 650 shops operational in 37 countries.

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Approximate cost is 33,993 AED/month
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