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Developments

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)

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