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Guaranteed ROI (return on investments) in real estate off-plan projects in Dubai isn’t a unique offer. Local developers compete with each other to offer a greater percentage and for a longer period of time. And this time property developer Deyaar is offering 14 per cent of guaranteed income from investments during the first two years after completion of its new hospitality and residential project The Atria in Dubai's Business Bay.
This means that luxury property buyers, who purchase serviced hotel apartments in a 30-storey tower in The Atria managed by the international hotel brand Millennium & Copthorne, will get 7% of the guaranteed annual return on their investments.
The Atria, located in Business Bay, one of the most cosmopolitan and popular central areas of Dubai, overlooking the newly opened Dubai Canal, consists of the two towers: a hospitality tower with 347 serviced apartments, and residential tower housing 219 regular apartments.
Today, investors are invited to make an investment in a hospitality part of the project. In fact, it is a good investment enabling you to not only generate high annual ROI through owning a hospitality unit in one of the most visited cities in the world, but also to get a number of advantages for yourself as a guest, namely, the opportunity to stay in the apartment for 20 nights in a year, as well as discounts for you, your family and friends for accommodation services and diner services in local restaurants and cafes. Deyaar says to complete construction of The Atria in the last quarter of 2017.
As we said, guaranteed returns on investments is not new to the Dubai real estate market. As recently as last week, Shon Properties offered a 12 per cent guaranteed annual return on investments in its latest project iSuites, imexre.com of last week. And earlier this year, real estate returns were guaranteed by Damac and Seven Tides, at a rate ranging between 3 per cent per annum and 10 per cent for the first five years after handover. In some hospitality management schemes hospitality property owners are also exempt from paying service charges for the first five years.
And even more to say, these guaranteed return offers, as well as many other of a kind offered by Dubai real estate developers, confidently surpass its counterparts, i.e. the return offers from local banks. Off-plan real estate returns in Dubai often twice exceed the standard returns on bank deposits. Thus, investing in Dubai real estate is a good way to spend your money. Don’t hesitate to make a good buy right now!
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