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MILANO by Giovanni Botique Suites

Milano by Giovanni Boutique Suites is a project of serviced hotel apartments under construction in Dubai’s Jumeirah Village Circle area.

Location

19-storey building is centrally located in the JVC District 17, next to the Hessa Street Entrance 2 providing a few minutes access to the Media City and to any other Dubai area via Sheikh Mohammed Bin Zayed Road or Al Khail Road.

Suites Available

Among the 124 apartments there are Executive Suits price at AED 499,000, One bedroom Deluxe Suites starting at AED 959,000, and two bedroom Suites starting at AED 1,230,000. All units are high-quality accommodations with a full kitchen and an elegant interior.

Reign Holdings developer is offering investors a convenient payment plan and spares property owners from all lase-related troubles at Milano by Giovanni Boutique. A 4 star Hotel operator is going to maintain the order in the building and in the apartments, as well as provide residents the best hotel service.

Apartments can be either purchased or rented out, or handed over to the hotel operator for lease. The owners will have a certain amount of days when they will be able to stay in the apartment. And ROI for such an investment is one of the highest in Dubai amounting to up to 10 per cent.

Amenities

Milano by Giovanni Boutique complex will have its own spa center, a cafe, a swimming pool, 24 hours concierge service, a gym, some retail units, and four more floors for parking. And what is the best about it, is that you won’t have to pay for all of these great amenities, if you give your apartment to Hotel management to lease it.

Milano by Giovanni Boutique Apartments is 30% ready and scheduled for completion at June 2018. Until that time, you can pay 50 per cent of the property’s cost leaving the other half to be paid at the end of construction.

Investment Advantages at Milano by Giovanni Boutique

  • High-yielding investments in Dubai real estate;
  • Using a property as a holiday/vacation home for less than one month a year;
  • Receiving a passive income with a minimum of lease-related problems;
  • Making a good deal through buying off-plan real estate in a facility under construction.

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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management