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Property Description:
Dubai Summer Festival Discount!
Available for month of August only!
100,000 AED discount on all 3 bedroom property
50% guranteed developer finance
Rental yield forecast between 16 and 15% pa
We have pleasure in announcing the exclusive pre-launch of the Arabian Crowne Residence Apartments Hotel 45 storey apartment residence tower in Dubailand. MED are developing a 5 star quality luxury 240 room Hotel style apartment residence tower that will be managed by a worldwide international hotel chain which will provide guests and owners with top quality services and facilities as well as maximum occupancy and returns utilizing its worldwide reservation system.
The City of Arabia in the heart of Dubailand is second to none and located in the 3 billion square feet theme park being developed by Dubai Holdings, which will again ensure maximum demand for room nights. The professional management of an international hotel combined with the quality of the Dubai leading developer will provide a safe and reliable investment opportunity.
This is a once in a lifetime chance to own your very own apartment in a luxury apartment residence in Dubailand whilst being guaranteed an annual return on your investment.
Key Features:
5 Star hotel
45 floors
240 luxury rooms (23 studios, 23 1 bedrooms, 95 two bedroom & 59 three bedrooms)
Luxury suites & penthouses
Restaurants, Coffee shops, Boutiques, Health club and Spa
Freehold / 99 years lease residential apartments in Dubailand. Lease automatically renewal every 99
years for same period on payment of US $1 only.
Luxurious finishing for the main entrance and for the main corridors.
Separate entrances for office and residential block.
Separate car parking for office & residential users and guests.
High quality durable finishing.
Large lobby and corridors to give feeling of comfort and openness.
Lake view for each room.
Monorail connectivity.
Connectivity to neighborhood by ‘waterway'.
Proximity to ‘Mall of Arabia' – world's biggest mall.
High speed elevators.
Central satellite system and intercom system.
Garbage shoots.
Central Air conditioning.
Card Entry System.
CCTV and 24 hours Security System.
Fire Fighting and Fire Alarm System.
Swimming pool, gym, sauna, Jacuzzi, spa, baby play area, party and meeting hall.
Investment Features:
The room will be leased back to MED for a period of 20 years with an automatic option to renew
The hotel will be managed by one of the top worldwide international hotel chains appointed and overseen by MED.
The owners rent will be paid yearly in arrears and will be 60% of the net profit generated from the operation of their room/apartment for the proceeding year. This will equate to a minimum of 8% return on investment and will be guaranteed for the first 3 years by MED.
Owner has up to 30 days personal usage per year
Investment Appeal
There is an annual 8% minimum rental guarantee or 60-40 rental split in favour of the owner, whichever is greater for the first three years. Thereafter, the rental splits will be on a 60-40 basis, but without a guarantee. Take a look at the Rental Yield Forecast below to see what this actually means in real terms.
The hotel group responsible for running the Arabian Crowne is known as Interstate hotels and resorts, America's largest independent hotel management company, one of it's subsidiaries is Bridgestreet worldwide, one of the largest corporate housing provider. With a wealth of experience and a world wide reservation system, they will ensure that the occupancy levels remain the highest possible.
Rental Yield Forecast
The table below illustrates three type of scenario based on occupancy levels generated by the hotel in Dubai; 90% being the highest forecast and 70% being the lowest. Currently Dubai is achieving 85% occupancy and the trend is set to continue for many years to come. The room rates have been provided by the developer as the average rate throughout the year and reflect a quite conservative view which should be easily achievable for this standard of hotel. By factoring this forecast data into the table it can be seen that at even the lowest expectation, rental yields still reach an impressive net value of 13%!.
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