Dear Reader,
Elite Downtown has been re-released and Elite City offers you exclusivity on it until Thursday 1st of March when it will then be released to agents worldwide.
This unit was one of the first to be sold when the development was launched, and it is an excellent opportunity for our investors to acquire a high specification apartment in the luxury Downtown area.
It is an 820 sq ft 1 bed, situated on the first floor of the development in the listed building section with the best possible aspect and is only AED 1,375,000. This apartment represents excellent value for money and has a well thought out layout to maximize the space.
The apartments in Elite Downtown have excellent capital growth prospects and are highly rentable. To secure this plot, the developer requires 30% on booking, 20% during construction and the rest on completion in 2019. Upon completion in 2019, we fully expect this apartment to be worth more than AED 1,500,000.
The developer has recently finished its 10th development in Dubai Sports City. These are market leading apartments in terms of achievable rents, with 1-bed units let upwards of AED 65K pcm and 2 beds at AED 85K pcm. The scheme is about to be fully let which clearly shows there is a demand for bespoke stock in the city.
Elite Downtown is scheduled for completion in Q4 2019. The estimated service charge is AED12.00 psf.
