LONDON (30 August, 2006) –Dubai has been transformed from a sleepy little port to a futuristic metropolis where everything is the biggest, tallest, glitziest and best. And when the frenzied construction projects currently under way are completed in 2010, Dubai will boast the world's tallest building, biggest shopping mall, first seven-star hotel, largest manmade island, biggest indoor ski slope, most colossal theme park...the list goes on.
Dubai is a property-investment phenomenon – and with the changes in property ownership laws, now is a very exciting time to buy. A new development in Dubai offering a 10% guaranteed rental income for 3 years is now available from Hot Properties Worldwide. The development, located in International City in Dubai, offers 70 per cent finance along with the fact that the apartments are sold with freehold ownership and residency visa.
There are one-bedroom and studio apartments available in this beautifully landscaped development. All apartments will be fully furnished on completion. The main reason is clear – there is a huge demand for apartments available for rental to the increasingly large workforce.
Studio apartments from only £49,500 (subject to exchange rate fluctuations)
Key Attractions of This Property Opportunity
• A 10% guaranteed rental income per annum for 3 years will be provided by a major letting agency. Rental is paid quarterly in advance.
• 70% finance is available from leading local banks.
• The apartments are sold with freehold ownership.
• All apartments will be fully furnished on completion. The full package includes furniture, linen, cutlery, crockery, and bedding.
• A three year renewable Residency Visa is offered when buying one of the apartments.
The Development
Set in an astonishing 800-hectare development, International City is a pre-designed development that will be an incredible melting-pot of world culture, commerce and lifestyle. Phase III will be the most residential part of International City.
International City is based 10 minutes outside the main town, and only five minutes to Business Bay, The Financial District and Dubai Land Theme Parks. It is also 10 minutes drive to the beach. The facilities nearby will include parkland and landscapes pedestrian networks linking neighbourhoods to schools, shops, swimming pools and gyms, city centre and community facilities.
There are one-bedroom and studio apartments available in this beautifully landscaped development. They all come with balcony and parking spaces. All apartments will be fully furnished on completion. The apartments are sold with freehold ownership and buyers are offered a three year renewable residency. The floor size is from 410 sq.ft to 670 sq.ft.
Prices start from £49,500 up to £65,000 (subject to exchange rate fluctuations)
“This deal really does tick all the boxes: corporate Buy to Let opportunity, with a great yield, capital growth potential and up to 70% finance available” says John Hagelin, Director of Hot Properties Worldwide.
To request the invaluable 18-page Information Pack on The Dubai project, email info@HotPropertiesWorldwide.com or call +44 (0)20 7095 8700, or visit
www.HotPropertiesWorldwide.com
