7% net return | vacating | higher floor

Property Description:

Location: Dream Tower 1 Marina

Type: 1bhk

Size: 728 sq. ft.

Bathrooms: 2

Amount: AED 800k

Service Charges AED 12,668

Rented until 26 Nov. 2023 for AED 55k but client will extend until 26 Feb. 2024 at AED65k and will vacate the unit.

Below are the charges for Buyers:

CASH BUYER:

*4% of Sale price (DLD) + AED 580 for title deed

*AED 2,100 / 4,200 Trustee Fees

*2% on Selling price (Agency Fee) + 5% vat on Agency fee

MORTGAGE Buyer:

*4% of Sale price (DLD) + AED 580 for title deed

*AED 2,100 / 4,200 Trustee Fees

*2% on Selling price (Agency Fee) + 5% vat on Agency fee

*0.25 % of loan value + 290 knowledge fee (Mortgage Registration fee)

*Blocking fee of the property: AED 1545 (optional)

Dream Tower 1 is a 29-storey residential building and part of The Dream Towers complex. Located in Dubai Marina, the tower features 1 and 2-bedroom apartments. The tower was developed by Desert Dream Investment and Development in 2007, while the designer of this project was National Engineering Bureau. It offers various facilities including a gym, pool and play area for kids.

Dubai Marina is an area in Dubai that is famous for luxury waterfront buildings. It features various well-known towers including Princess Tower and Cyan Tower that is also known as The Twisting Tower. Developed by Emaar Properties, this artificial marina has numerous retail outlets, al fresco restaurants, spas and jogging tracks. The area is also home to the famous Dubai Marina Walk and Dubai Marina Mall.

IN A NUTSHELL

Type of building: Residential

Location: Dubai Marina

Developer: Desert Dream Investments & Development

Date of completion: 2007

Number of floors: 29 storeys

Unit type: 1 and 2-bedroom apartments

Type of Ownership: Freehold

Amenities: Gym, pool and play area for kids

Company name: Wateredge Real Estate Broker

RERA ORN: 872

Address: Office # 215 Al Asmawi Building Umm Al Sheif, Sheikh Zayed Road, Dubai, UAE

Office phone no: [redacted phone number]

Office fax no: [redacted phone number]

Office Mobile / Whatsapp: [redacted phone number]

Primary email: [redacted email address]

Website: www. wateredge. ae

Company Profile: Water Edge Real Estate is a part of Al Shahra Group and we are serving our customers with their property needs since 2007. Being an old player in the market we are familiar with all ups and downs of Dubai real estate and put our clients interest before anything else.