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Key selling points
- Maximum Growth Potential: aimed at fastest growing market sector
- Deferred Payment schedule: 30% now and 70% upon completion
- High Spec Apartments: Apartments all provided fully furnished
- Geared Investments: 70% loan-to-value mortgages available
- Minimal cash outlay: only 30%, invest with only £12k cash
- Cash-Flow Positive: 8% per annum for 3 years guaranteed income
More Key Features
• Cash-Flow Positive: 8% per annum for 3 years guaranteed income
• Hands Free: Fully managed property generating income, hands free until 2011
• Affordable Property: realistic prices affordable to the local market population
• Secure Investiments: all funds held in independent ESCROW account
• Developers: UAE developer working with top global Chinese construction firm
• Location: 10 minutes access to all business and tourist districts, Dragon Mart shopping, lakes district & forbidden city
The Location
International City is an 800 hectare residential project providing homes to over 60,000 residents in an attempt to accommodate some of the hundreds of thousands that are flocking to Dubai each year. More than just comfortable living, it also has extensive leisure and relaxation facilities including parkland, landscaped walkways and cycle paths, pedestrian networks linking neighbourhoods to schools, shops, swimming pools and gyms, city centre and community facilities.
The Investment
As with any rapidly growing population, but even more so when the focus is on business and tourism, the fastest growing and therefore most important demographic in Dubai are the middle class workers. Good quality housing will have the highest demand over the coming years, meaning the AED 600/sqft price mark is the best entry point to the market, with enormous potential growth coming as this young middle class working population thrives.
Oxford Residences provides fully furnished apartments of a quality finish in prime location to cater perfectly for this market. Positioned at the right prices and being studio and 1 bedroom apartments, purchase prices are the best that can be found in Dubai. With a heavily deferred payment schedule with 70% on completion,only 30% of the investment is required prior to completion (early 2008). With 70% mortgages available (subject to status), investments can be made with as little as £12k CASH.
To make this investment even more incredible, investors have the option to take a 8% per annum guaranteed-return management contract for the first 3 years. Even with a 70% LTV mortgage this will still result in a “cash-flow positive” ie hassle free & hands-free investment until early 2011.
The Developers
GPD Investments, part of the Dubai Continental Group, has joined forces with the Chongqing Construction Group from China. One of the top 500 companies in China, Chonggqing Construction often collaborates with the China State Construction Engineering Coroporation, a Forbes 500 company.
Prices
Studio Apartments £39k to £53k, invest with only £12k CASH
1 Bedroom Apartments £57k to £95k, invest with only £17k CASH
We have complete control over the Oxford Residences. To block a unit a holding deposit of £2000 is required.
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