2691 Sq.Ft Retail Shop At Luxurious La Residence, Business Bay

Details Address: 2691 Sq.Ft Retail Shop At Luxurious La Residence, Business Bay Type: Commercial Style: Commercial ""High appreciation & Yield Investment Opportunity"" Development Level: Under Construction Garage: Single Size: 2,691 sq. ft. Lot Type: Rectangular Year Built: 2009 Taxes: AED0.00 Description The Investment Opportunity: Covering an area of 64 million square feet, Business Bay comprises of over 300 high- rise commercial ( 85%) and residential (15%) towers set in landscaped gardens interspersed with a network for roads, pathways and fascinating canals. The ambitious project is expected to attract a large number of regional and international firms, especially with its modern infrastructure and facilities, in addition to the existing business-friendly rules and regulations. Dubai's Business Bay will be similar in nature to Manhattan or Ginza, which are the business centres for the cities of New York and Tokyo. Given that there will be approx.1350 apartments within this residential complex, and more than 10,000 people working in the vicinity, there is absolutely no doubt that the retail shops within this development will flourish. The retail space is ideal for a large supermarket/ convenience store, large department store, large restaurants/ food court, and other outlets catering to the necessities of the residential and commercial population within the vicinity. Estimated Appreciation: Minimum 45% over the build period of 2.5 years, and minimum 7% annually thereafter. Estimated Annual Rental Income: 10% to 12%. Payment Schedule: 10% on reservation; 10% within 60 days of reservation; 10% within 120 days of reservation; 10% within 180 days of 2nd installment due date or commencement of Piling, whichever is earlier; 10% on completion of Podium structure; 10% on completion of 5th floor structure; 10% on completion of 10th floor structure; 10% on completion of 15th floor structure; 20% on completion in end 2009. Quick Flip Possibility: Before the third 10% payment is due within 6 months of reservation, it could be possible to resale the individual retail shops to buyers at a 15% to 20% markup, and therefore investors could earn approx. 40% to 60% ROI within 6 months.

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