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4 Bedroom Penthouse Five Hotels

  • Size 5621
  • Bedrooms 4
  • Bathrooms 6
  • Property Reference No .
  • Furnished No
  • Area JVC Jumeirah Village Circle

Description

One of Dubai's most amazing projects you'll see is Suites in the Skai. So magnificent the developer is currently finalising a worldwide patent on the design elements. Something never seen before, these 2 and 3 bedroom penthouses feature their own "private pool and private gardens in the sky." Yes you are reading right. The first ever grass, trees, shrubbery, flowers in your own private "sky garden" with your own pool on a very high level! Unique and new concept with fully furnished 4 star Hotel Rooms and Hotel Apartments with a very attractive estimated return of 12-14% per year. Hotel Rooms must use the "Hotel Pool" to generate income. The Hotel Apartments can be privately used or rented out by owners. SKAI was created by the award winning architect Atkins. Who also designed Burj Al Arab and the Dubai metro stations. The project features ground plus 59 floors, and completion is expected mid of 2019. Since the project was launched just a couple months ago it has sold out in only two days before most people knew it was even available. Attractive payment plan structure with 40% in 8 instalments during construction and 60% upon handover. This unique towers contains full size swimming pools, Boutique Spa, Paddle Tennis, Kids Club, and Putting Green, State-Of-The -Art Gym, Fitness Center and Yoga Terrace Fun for everyone. G to 6th level will be parking spaces, from 6th level to 58th level will be apartments. These gorgeous units feature floor to ceiling windows which encircle every room, giving you panoramic vistas across Dubai. There are units that are hotel rooms, and others that are "hotel apartments" Hotel rooms are basically for investment only, only in the hotel pool fully furnished and you can have access for 2 weeks in the year. The hotel rooms is only for hotel use. Revenue according to current market analysis will be 12-14%. And it's monthly cash flow. There will be no service charge at all. And the owner can live in hotel 14 days for free, have 10% discount on food& beverage as well Hotel apartment also furnished, if he put into the hotel pool, there will be no maintenance fee as well. It has to be yearly contract. For the hotel apartments, If you live in it or manage it by yourself, it will be 25dhs/sq.ft base on internal area only. And no interior or furniture changes has been made. So that you can put in the pool again. Hotel apartment you get 2 weeks also personal use..

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Mortgage Calculator

AED 20,616 Monthly Repayment (Principal & Interest)
AED 6,545,277 Total payable over 240 months
Aug, 2039 Payoff date

The results generated by this calculator are not an indication of your borrowing power and have not taken into account factors that would be considered in a home loan application credit assessment.

Transaction Fees

Total Loan Amount AED 4,792,500

  • Dubai Land Department
    4% of Property Price + AED 580
    AED 256,180
  • Mortgage Registration
    0.25% of Loan Amount + AED 290
    AED 12,271
  • Mortgage Processing
    1% of Loan Amount
    AED 47,925
  • Registration Trustee AED 4000
  • Valuationt
    Varies by the bank
    AED 3000
  • Broker Commission
    2% of Property Price
    AED 127,800
  • Down Payment
    AED 1,597,500
  • Total fee Payments AED 451,176
  • Total Required
    AED 2,048,676
Broker Logo
Faisal Mohammed
  • Title / DEED No: 8544
AED: 6,390,000 Posted on: May 7, 2019

Location

JVC Jumeirah Village Circle, Dubai, UAE

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