Property Types & Sizes
Studios: starting prices of AED 575,000. Sizes of 360 - 502 sq. ft.
1 Bedrooms: starting prices from AED 900,000. Sizes of 591 - 723 sq. ft.
2 Bedrooms: starting prices from AED 1,350,000. Sizes of 996 - 1100 sq. ft.
Pay 10% down
Pay 10% after 6 months
Pay 10% after 12 months
Pay 70% on handover
Update on October 5th, 2016
Small studios of 301 sq. ft. are sold out.
Larger studios of 502 sq. ft. are available - prices from AED 740 - 820,000
Smaller 1 Bedrooms of are available, 591 sq. ft. - prices from AED 950,000 - 1,050,000
Large 1 Bedrooms are available, 723 sq. ft - prices from AED 1,000,000 - 1,100,000
Investors are attracted to this product because of potentially high rental returns (between 8 - 9%) and the fantastic payment-plan (the best payment-plan available for any major residential development along Sheikh Zayed Road.
Sales Report & Feasibility
- Studio One offered an exceptional payment-plan and price entry. Sales were rapid.
- Launch prices ranged from AED 1,500 - 1,700 per sq. ft.
- Studio One is one of the last major residential developments to be launched in Dubai Marina. The developer has an exceptional track-record within Marina itself, having developed prominent projects like Botanica, Torch, Bay Central etc. The building comprises mainly of studio and one bedrooms; and the payment-plan is extremely user friendly.
- Studio and one bedroom units will offer rental yields exceeding 8% per annum and we expect about 25 - 30% capital growth by completion.
Project Completion Status (as per DLD): 5.60% (as of May 16, 2017)
Dubai Land Classification & Escrow Account Details:
Land Number: 122
Project Number: 1776
Real Estate Developer: SELECT GLOBAL DEVELOPMENT
Trust Account Number: 001582066630901
Account Trustee Name: Dubai Islamic Bank
RERA Permit No:: 11045
Brokerage Firm: Taktical Realty Group LLC