Dubai Lagoon, the 3 billion AED high watermark of living, announced the launch of yet another innovative investment opportunity, “Pay 60% and Forget the Rest.” This offer will be available only for three days exclusively at Cityscape from December 4th - 6th.
This campaign guarantees the 40 percent balance payment due after possession on behalf of the client for any property purchased in Dubai Lagoon at Cityscape. This means that for an apartment valued at AED 1,000,000, buyers will only pay AED 600,000 (60%) till completion. Dubai Lagoon will then lease the apartment from the owner for five years and make the balance AED 400,000 payment on behalf of the client.
Danial Husain, Executive Director of Dubai Lagoon said, “Cityscape has always been a launch pad for major project announcements and this offer presents an unrivalled investment opportunity.” He added: “Guaranteeing the 40% payment, we will also cover all maintenance and service charges for the 5 year lease-back period. Based on conservative forecasts, if we assume an annual appreciation rate of 10% on an apartment, the selling price for the above unit will be AED 1,700,000 at the end of the lease period. Calculations show the investment will result in an incredible 283.33% Return on Investment in 7 years. Buyers can cancel the arrangement at any time, free of cost, and utilize their apartment in mint condition, whilst making balance payments themselves.”
Danial added, “By paying the 40% balance on behalf of our clients, we have limited their financial downside, whilst automatically enhancing their upside. Many developers offer rental guarantees after clients have paid 100% of their purchase price. Dubai Lagoon has revolutionised this concept by offering a 40% payment guarantee over five years, whilst only collecting 60% payment till possession as opposed to the conventional 100%. This offer is limited exclusively to Cityscape’s three-day period and exudes our long-term faith in the Dubai rental market.”
Beneficiaries of this offer will receive all the usual quality and advantages that buyers have come to expect from Dubai Lagoon. Phase one of the development comprised of 1,752 apartments all of which were sold out in a record period of only 52 days. With expansive water views, lavish landscaped gardens and three signature golf courses surrounding the development, the community also boasts full on site amenities such as a super market, laundry, world class gym, chic cafes, swimming pools, sauna, jacuzzi, squash courts, tennis courts and a mosque.
The financing deal is likely to be attractive to investors who are looking for safe investment opportunities with guaranteed high returns. All apartments are ownership sub-lease hold title which means that owners are eligible for family residence visas, subject to UAE immigration rules and regulations.
