Dubai Apartment For Sale in United Arab Emirates

Apartment Dubai

Landvest Limited are proud to present Universal Tower. Pre-Launch prices from as little as £70,000. 9% Net Rental Guarantee for 3 years. Canal, Golf, Stadium Views. 5 Star Standard fixtures and fittings. Escrow protected funds.Free Parking Slot.Choice of Interiors. Don't miss out call us today.Universal Tower, a 5 Star residence, is designed by one of the most respected architectural firms in Dubai, M3ar, who designed Bonnington Tower in Jumeirah Lakes, and Time Place in Dubai Marina. Situated in the most desirable location in Sports City, it provides breathtaking views of the Waterfront Canal, Olympic size stadiums and landscaped gardens. The apartments will also overlook the Manchester United Football and the International Cricket Council (ICC) training academies. 21st CENTURY LIFESTYLE Entrance to the building is via a grand, spacious, and well decorated lobby. The ground floor will accommodate a reception area and a 24 hour concierge service, with CCTV monitoring and security swipe card access required throughout the building. Universal Tower will feature one of the first glass bottomed, rooftop swimming pools in the world, which is even visible from outside the building. Residents will also enjoy exclusive access to the state-of-the-art gymnasium, including sauna/steam facilities, and a rooftop terrace barbeque area.Universal Tower comprises of Studios, Executive Studios, 1 and 2 Bedroom Apartments, and Duplex Penthouses. The apartments range in size from 536 square feet to 1604 square feet. Boundaries of style, design and functionality are taken to the limit in this unique development.  Key Features    Panoramic floor to ceiling windows ? Open plan contemporary kitchen, with hard wood laminate or porcelain tile flooring, granite work surfaces and stainless steel oven and integrated appliances ? Luxury bathroom with white porcelain tiles from floor to celling, contemporary satin finish tap ware, thermostatic showers ? Built in wardrobes to principle bedrooms ? Brushed stainless steel door furniture, light switches and power sockets throughout ? BOSE Entertainment systems ? High speed internet and digital/satellite TV facilities available ? Choice of contemporary furniture packages ? 4 high speed elevators ? 24 hour webcam on site to monitor construction in progress ? Free parking space with each apartment (30,000 AED on launch)Universal Tower Payment Schedule 15% on booking 10% on the 1st December 2007 10% on the 1st February 2008 10% on the 1st April 2008 15% on the 1st June 2008 10% on the 1st August 2008 10% on the 1st October 2008 10% on the 1st December 2008 10% on Completion (March 2009) Frequently Asked Questions Who are the Developers? Universal Group is a diversified conglomerate that has activities ranging from trade, to marketing to property development and asset management. For the Development of Universal Tower, Universal Group has partnered with Project Managers, Kulkarni (QS), and Architects, M3AR after a careful selection process that ensures international quality control standards that will be applied to this development as well as future projects. When will the building be completed? Construction is anticipated to commence in February 2007, and scheduled to finish in December 2008. How can I be certain that the project will be undertaken as described? Dubai Sports City requires the Developer to submit bank guarantees as well as commit to Escrow Agreements to protect property investors and to ensure the project is completed to exacting standards in the time period specified. What are the annual service charges ? after handover? This will be determined by residents in a not for profit manner at a fee range which is comparable to most developed cities worldwide. This will be audited and accounted for by certified professionals. Can I sell my property to a third party? Unlike other developers who require substantial installments to have been paid before authorising a transfer, Universal Group places no restrictions on transfer of property to a third party. New contracts will be issued to the third party in accordance with Dubai Sports City regulations. What is the lease agreement and agreement to lease? These agreements form binding contracts in Dubai between the lessee and the lessor, except as specified in the agreements. They are irrevocable in nature. Dubai Lands Department and Freehold title? When the Dubai Lands Department formally begins registering freehold title, owners can register subject to registration fees being paid in full. Does Dubai have a stable economy? The non-oil sector currently contributes approximately 80% of GDP. This sector is diversified across tourism, trade, manufacturing etc. The economy is well-balanced and there is scope for further expansion and diversification. GDP has grown consistently over the past few decades and majority commentators believe that this will continue into the foreseeable future. What taxes are applicable in Dubai? Taxation is against tradition in the U.A.E. Dubai is a tax free hub, with no income tax, no corporation tax, and no capital gains tax. Rental Guarantee ? 9.0 % per annum for 3 Years FAQ'sWhat actually is the Rental Guarantee? It is a commitment to pay to the Property Owner a guaranteed 9.0% per annum return for 3 years. What is it based on? It is based on the purchase price, excluding any taxes and commissions, of the property, apartment or villa. How does the Rental Guarantee relate to my property? The Rental Guarantee provides you with a guaranteed return of 9.0% per annum for three years on your property investment and therefore ensures you peace of mind as you know in advance for the next 3 years what your annual return will be for that property. Why is it beneficial to me? It is beneficial to you because it is a guarantee of income to support your decision to purchase the property concerned and any mortgage or financing costs associated with the purchase. When do I get paid? You get paid four times a year (quarterly in arrears) and the Rental Guarantee commences 60 days after the Master Developer provides the Practical Completion Certificate so that we can commence letting your property. How much will it be? It is a guaranteed 9.0% per annum for the first 3 years that you own the property. What other Agents fees and costs do I pay? There are no further Agents fees or costs to pay. What is deducted out of any Payments made to me? There will be normal maintenance repair costs associated with your property. These costs plus your properties proportional share of Facilities Management Service charges, any UAE government fees and charges, legal fees associated with Tenant Contracts and any other building charges will be deducted. For the first year the Facilities Management Services charges are paid annually in advance. Thereafter, the Property Owner can elect to either pay them annually in advance or to have them deducted equally from the quarterly Rental Guarantee payments. The Agent is not obliged to and will not deduct any Taxes or Charges that relate to your country of residence. A complete and itemised statement is included with all payments made to your nominated bank account. What happens if I/we want to come and have a short stay at our property? If your property or unit is let for a long term (annual Tenancy Contract or longer) you will not be able to stay in your property. If your property or unit is let on a short term stay or furnished apartment basis you will be able to stay for no more than 30 days in any one year and you must provide at least 90 days notice that you wish to do so. During your stay you will be responsible for all associated usage charges.