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 Available Property: Reference [The Windsor- 5 Start Hotel Tower]

Location

UAE
Dubai
Dubailand

Price

£92,500

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Property ID: 164341














     
 

 Description

Key selling points

  • 8% of original price guaranteed for the first 3 years
  • 60% of the net profit generated from operation for 20 years
  • 5 star quality hotel residence
  • Hotel managed by a top worldwide international hotel chains
  • Owner has up to 30 days personal usage per year
  • Located in the City of Arabia lying at the heart of Dubailand

Dubai:

Dubai is today recognized as a centre for global trade and commerce. It was able to achieve this enviable status through capitalizing on its strategic location, its natural assets, a longstanding trading history and a visionary pro-business government.

Over the past decade, the number of visitors to Dubai has grown from 1.08 million to 4.7 million, representing an annual growth of 16%. This growth rate is more than triple the world tourism growth rate over the same period. In fact, the last four years alone witnessed a 54% growth in the numbers of tourists visiting Dubai, with a 31% growth between 2001 and 2002 alone.

All projections strongly indicate that tourism will continue growing exponentially over the coming decades. In fact, Dubai has taken giant steps to capitalise on this trend and has set an aggressive target of attracting 15 million tourists by 2010.

Dubailand:

A product of extraordinary vision, Dubailand was conceived on a phenomenal scale. It will be the most ambitious tourism, leisure and entertainment destination ever created, and home to some of the world’s premier and unique attractions.

Dubailand has been designed to appeal to the widest tourist segments across genders, age groups, world regions and activity preferences. Dubailand is ideally located on Emirates Ring Road, providing easy access. It is just 10 minutes from Dubai International Airport, 10 minutes from Emirates Towers, 20 minutes from Sharjah and 60 minutes from Abu Dhabi. Dubailand has been planned and designed using leading-edge expertise across a spectrum of disciplines.

http://www.dubailand.ae/

City of Arabia: City of Arabia is a 20 million square foot development lying at the heart of Dubailand and serves as its gateway and main residential and retail centre. The City of Arabia will become a key destination and urban community within new Dubai.

City of Arabia is a dream destination with international vision offering stylish shopping, eclectic dining and captivating entertainment all served by its own monorail system to transport residents and visitors around the site.

http://www.cityofarabiame.com/

The Windsor: The Windsor Residence is located in the City of Arabia. This is a once in a life time chance to own you're own luxury apartment in 5 star quality hotel residence AND being guaranteed an annual return of 8% on your investment.

Key Features

5 Star Hotel 30 Floors 200 luxury rooms (23 studios, 23 1 bed, 95 2 bed and 59 3 bed apartments) Restaurants, coffee shops, shops, health clubs and spas.

Investment Features

The apartment will be leased back to the developer for a period of 20 years with an automatic option to renew.

The Hotel will be managed by one of the top worldwide international hotel chains. The owners rent will be paid yearly in arrears and will be 60% of the net profit generated from the operation of their apartment. This will equate to a minimum of 8% return on investment and will be guaranteed for the first 3 years. The owner has up to 30 days personal usage per year.

http://www.med.ae/

Apartment details:

 

Floor                 25th

Unit Type         Studio

Sq. Meters        48

Sq. Feet            516

Original purchase price: £ 78590 (AED 510840 @ 1 £=6.5 AED)

Payments made to the developer to date:

5000 AED Payable on signing of reservation form

10% Payable on within 7 Days of reservation

10% within 30 days of reservation

10% within 90 days of reservation

Total paid to date to the developer: £23577

Future payments to be paid to the developer:

10% of the original purchase price on completion of Podium

10% of the original purchase price on completion of 10th floor Structure

15% of the original purchase price on completion of 20th floor structure

15% of the original purchase price on completion of the structure

20% of the original purchase price on completion date (30th Oct 2007)

Premium preferred: £ 16410

New sale Price: £ 95000

 
     
     
 

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