KM Properties (KMP), the property arm of Dubai-based Knowledge Management Group (KMG), is backing up its confidence in B2B Tower as a ‘landmark’ in Dubai’s Business Bay neighbourhood by offering real estate investors and potential B2B Tower tenants an unprecedented 59 per cent ROI when buying units.
B2B Tower is KMP’s latest high-tech, creek-side freehold development. It is earmarked for completion in October 2008.
A KMP spokesperson said, “This is a remarkable offer given that currently 10-15 per cent is the average return rate for investors who build or buy properties for leasing in Dubai.
“This unique-to-KMP scheme ensures a high return on investment for owners who hold on to their B2B Tower investment for five years from the date of ownership.”
He explained that in current market conditions, the value of the monthly installment paid will be less than the current rent of the same floor space, thus generating higher returns in the longer term.
The ‘striking’ blue-grey B2B tower – determined by the fusion of contemporary glass and chrome materials - is designed by leading international architect, Carlos Ott. Ott has a solid track-record for designing landmark buildings, including L’Opera de la Bastille and National Bank of Dubai’s headquarters on Dubai Creek.
Construction will be carried out by Al Rostamani Pegel LLC, a member of the Al Rostamani Group of Companies, in partnership with the Berlin-based firm, Gustav Pegel & Sohn.
Other KMP developments include Park Lane Tower, the region’s first mixed-use commercial-residential-retail tower in Dubai also situated in Business Bay, and El Matador, close to the Emirates - Al Khail road intersection, comprising more than 40 floors and offering loft accommodation.
