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An exclusive option for investments in cozy premium homes in Alef Residences on Palm Jumeirah

31.10.2017

Al Sharq Investment offers a unique product for investments in elite Dubai housing — super-premium serviced apartments in Alef Residences on Palm Jumeirah to only bring dividends (from 8% per annum), but providing you a real cozy 5-star home.

The construction of exclusive Alef Residences on the man-made island of Palm Jumeirah in Dubai is entering the final stage. According to the developer, these are apartments that "will redefine the very meaning to the luxury concept", but at the same time they can become a real cozy home for those who want to combine reliable investments with the purchase of a comfortable home for their own residence for some period of the year in Dubai .

Located on the west Crescent of Dubai’s Palm Jumeirah, Alef Residences consists of 104 homes situated in 8 mansions featuring their own dedicated lobbies and private elevators. Measuring in size from 4800 sq.feet to 16,000 sq.feet Alef Residencies will comprise between 2 to 5 bedrooms. Ranging in price from Dh15 million to Dh65m, the apartments will be serviced by the 5 star W Hotel Dubai (W The Palm). Residents at Alef will be able to avail themselves of ­anything from room service from the W’s impressive array of eateries, to laundry, maid and event-­planning services.

The developer’s set out to create something “really special”, Matthew Bate, executive manager of Al Sharq Investment says. Whether that means floor-to-ceiling glass windows that offer expansive sea views from every residence; huge wraparound balconies; walk-in wardrobes by Poliform; high-quality timber floors; Philippe Starck mixers; a 475-metre-long stretch of private beach; or private cabanas that are dotted through the landscaped gardens leading onto the beach (as opposed to the standard Tetris-like rows of sunbeds), to afford more privacy and intimacy – every effort has been made to ensure that Alef Residences offers the very highest standards of luxury living.

“It’s something that I truly don’t think has been seen in Dubai,” Bate adds.

It is not unusual to hear such superlatives from property developers, but Alef Residences can be credited with doing something that is still all-too-rare in Dubai. It takes full advantage of its seafront location through clever architecture and spatial planning. Every apartment overlooks the sea on one side and/or a stretch of beach on the other.

Alef residents will also have a direct access to exclusive Club 104, a private club created for them with a 5 star life style within their grasp, lounge areas for ladies and gents, tennis courts, a spa, and a private cinema, as well as personal concierge service and valet parking.

CLUB 104 is a private, members-only club designed to take well-being and relaxed living to another level. Stretching over three floors, every level offers a different experience to lose yourself in. Discover a cinema, picnic and barbecue area, outdoor infinity pool, dining, gym, spa, yoga room and much, much more.

For byers’ convenience, payments Alef Residences off-plan units are divided into four stages, with an advance payment comprising just 15 per cent of the total price, and a final installment comprising 65per cent of the unit’s cost post-handover.

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Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

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

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

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

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

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