This 20 storey building is located close to the world class stadia and the Manchester United Football Academy, in Dubai Sports City.

This is a hassle-free way of investing in a holiday home that should appreciate and provide you with a high yield (annual income is expected to range between 8 to 12 % of purchase price) in a project which is estimated to have a high occupancy rate due to its fantastic location near the stadia in Dubai Sports City, and the many planned year-round sporting activities in the stadia.

Owners will receive 60 of the annual net opearting income for their unit, and can avail of upto 30 days personal usage (off peak).

This apartment was purchased in 2006. There was a considerable delay in starting construction, but now conastruction is in full swing, and the podium has been completed.

Original prelaunch purchase price: AED 393,025
30% paid : AED 117,908
10% to be paid now, as podium has been completed: AED 39,303
10 of original purchase price i.e. AED 39,302 to be paid on completion of 10th floor
15 of original purchase price i.e. AED 58,954 to be paid on completion of 20th floor
15 of original purchase price i.e. AED 58,954 to be paid on completion of structure
20 of original purchase price i.e. AED 78,606 to be paid on handover est. as end 2011

The owner is selling this apartment at the prelaunch original price i.e. AED 393,025, as he is unable to make further payments due to financial losses.
Transfer fee will have to be borne by the buyer.

This listing has no coupons available.

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Listing added:	24,Jun,2010
Clicks:	7