- Studios: Fully furnished. Built up areas range from 405 - 425 sq. ft. Prices range from AED 440 - 470,000.
- 1 Bedrooms: Fully furnished. Built up area 696 sq. ft. Living room converts into a bedroom at night. Prices range from AED 770 - 820,000.
- 2 Bedrooms: Fully furnished. Built up area of 1,000 sq. ft. Prices range from AED 1.1 - 1.2 million.
10% on booking (plus 4% Oqood fees)
15% sixty days after booking
1% a month for 75 months
Launch Review: January 5th 2016
The project has two towers and Danube are currently selling units in Tower 1. They plan to launch the second tower in late January and will probably increment priced slightly.
The reviews of this project are very positive. Here's an overview of the investment feasibility:
1. Excellent location. Located a short distance from Sheikh Zayed Road and very close to mature communities like Al Furjan Villas, Discovery Gardens, The Gardens, JLT and Dubai Marina.
2. Al Furjan is a real estate hotspot - a term we use to define a high growth area. The new Metro-Line runs parallel to Furjan and the new metro-station is just 800 m away from Ritz.
3. The developer has launched 3 other projects and all of them are ahead of delivery schedule.
4. The units are fully furnished and furnished with high specs. There is a utilization of space innovation which makes these apartments very unique. There are show apartments available to view so you can see exactly what you are investing in.
5. The payment-plan is fantastic. 10% down, 15% after 60 days and then 1% a month for 75 months. Delivery is in 30 months (June 2018).
6. By the time you receive your unit, you would have paid 53% of the purchase price. The rental income of these units will cover over 90% of yearly installment fees.
7. Current Prices:
- Studios from AED 440,000
- 1 Bedrooms from AED 7655,000
- 2 Bedrooms from AED 1,025,000
- 1 Bedrooms have a special design that allows the living room to be converted into a 2nd bedroom at night.
Dubai Land Classification Details:
Land Number: 8
Project Number: 793
RERA Permit No : 15128
Brokerage Firm: Taktical Realty Group LLC