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DUBAI / EMIRATES BUSINESS
The overall investment market is not looking very promising due to fluctuating oil prices and financial meltdown in various industries, but Dubai property firm Aqua Properties is sure to make good out of even dismal market.
In a bid to achieve its aim of providing an opportunity to individuals to own their own home in the Emirates, Aqua Properties has purchased AED91 million worth of apartments at Skycourt Towers. The firm is offering the apartment units for re-sale to clients, with a seven-year monthly payment plan.
“Aqua Properties’ commitment to the Dubai market is robust; in an environment of uncertainty about the year ahead, we are confident. Our investment reflects our beliefs and stems from experience and expertise of the local property market. Skycourt Tower apartments offer not only the opportunity to own an affordable home, but present an excellent investment,†said Paul Christodoulou, Chief Operations Officer, Aqua Properties. The Skycourt Towers payment plan has opened up the opportunity for a new segment of mid earners to buy property in Dubai – either those who are unable to get mortgage approvals, or those who wish to avoid the costs implicated. Investors can expect a substantial ROI of above 10 percent.
With no interest, and no prior bank approvals, buyers can purchase studios from AED4,000 a month, one-bedroom apartments from AED 9,000, and two-bedrooms from AED13,000 – with post-dated cheques over an 84 month period.
Skycourt Towers is located within the Dubailand residential complex and conveniently located near the Al Ain Road, Outer Ring Road and Emirates Road. The development offers over 2,800 apartments across six towers, in close proximity to the great leisure and entertainment facilities Dubailand is set to offer.