Dubai - Latest luxury Off-Plan investment
Dubai's latest luxury Off-Plan investment
Excellent 'Buy To Let'
Lago Vista is one of the latest residential developments in Dubai's portfolio of luxury and lifestyle. The 15-storey tower is gracefully designed around a crescent-shaped portico. Set amidst beautiful lawns, these modern turrets of luxury blend a variety of aesthetic appeal and living dreams. Fountains and gardens add to the beauty of this unusual homestead while far away, silent ranches and the glittering lights of Dubai land make a pretty picture from your window.
The interiors of every Lago Vista apartment is painstakingly finished and furnished. Lago Vista features two bedrooms apartments as well as studios. With a unique floor plan that affords you panoramic views of the landscape around. Every home has been tastefully designed with luxury as well as ultimate convenience in mind. The state-of-the-art accessories used as well as superior woodwork and joinery would a testimony for your refined elegance.
medical Center and Schools
Shopping Centers and Recreational Facilities
Lago Vista is located in a new Free-zone called Dubai International Media & Production Zone (IMPZ). Details regarding this zone follow.
Unique Free-Zone. Allows foreign companies to operate without part ownership by a local national.
Companies operating within IMPZ get GUARANTEED TAX-RELIEF FOR 50 YEARS.
IMPZ is a concept based project that has been specifically designed so companies can fulfill all processes from manufacturing, administration to exhibitions in one strategic location.
Dubai Media City (DMC) has become so successful that they need to expand to IMPZ. Companies currently operating in DMC are the likes of Sony, Reuters & Microsoft.
15 km from Jebel-Ali Free-zone & Sea Port. (Transport goods worldwide)
8 km from the forthcoming Jebel-Ali Airport. (Transport goods worldwide)
10 min from Academic City. (wealthy students attending International universities)
5 min from Dubailand. (employing 300,000, attracting 200,000 visitors a day)
10 min from Jumeirah Beach.
325 multinational companies have already registered to operate from IMPZ.
75,000 jobs will be created. This is where your tenants will come from. It's not a false economy.
Very High Yielding Investment.
We offer 6 prime residential plots, directly overlooking the picturesque lakes (notably Lago Vista).
Any other residential plots will be either located behind or overlooking a main road.
Plus, 100% investment & profits from residential property are guaranteed tax-free for 50 years.
Executives/workers out in Dubai with their companies for 2-3 years for tax-free purposes. Transient workforce not property buyers.
Multinational companies will take floors for their executives, paying rent 12 months in advance. It's appealing for companies to have the whole workforce together to save costs (travel etc).
Lago Vista Studio apartment
Price: From 80,000 to 90,000 pounds
Size: 508 sq/ft
Studios are ideal for executives in Dubai without their family. They want a luxury apartment (508 sq/ft is size of a 1 bed in London) located in a 5-star environment close to work with all the amenities of a 5-star hotel including swimming pool, health club, tennis courts, Jacuzzi, sauna and retail units.
Lago Vista 2 bed apartment
Typical 2 Bed Room Type E
Price: From 160,000 pounds
Size: Net Area = 1266 sq/ft
2 bed apartments are likely to be taken by Directors or CEO's of the companies operating within the IMPZ.
Because of its location you can expect very high rental yields, 12-15% yield is realistic. Let's say 10% to be conservative.
PAYMENT STRUCTURE LAGO VISTA - I.M.P.Z.
DEPOSIT 10% On signing of reservation form
1st Installment 10% Within 30 days of signing of reservation form
2nd Installment 10% On or before 30th April, 2006
(Mortgage can be taken from here)
3rd Installment 10% On or before 31st August, 2006
4th Installment 15% On completion of Parking Podium
5th Installment 10% On completion of 5th floor of Apartments
6th Installment 10% On completion of 10th floor of Apartments
7th Installment 10% On completion of top floor of Apartments
Final Installment 15% On completion / hand over
80,000 pounds studio
16,000 pounds deposit (20%) payable within 30 days of reservation
64,000 pounds left to pay over next 3 years
If you wish to take finance, it is currently available with two local lenders. Abu Dhabi Commercial Bank offer up to 70% to non-UAE nationals at interest rates from 7.5% over 15 years.
This investment plan can be viewed like a pension:
Anticipated capital growth over next 3 years of 40%+
Anticipated rental income @ 10% on completion = 8,000 pounds per annum for each studio.
Therefore it's anticipated that the apartments will have paid for themselves in just 6 years.
Rental prices have increased 17 times in last 10 years (Government figures)
Income in Dubai has increased 10 times in last 10 years (Government figures)
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