Emaar Downtown Views II
Downtown Views II is a new project launched by Emaar Properties in January 2017. The original Downtown Views tower was a big success and had been completely sold out within less than 48 hours. According to the developer, the new tower will be connected with The Dubai Mall.
The project consists of 3 towers of 52, 59 and 64 storeys. It is located on the primary Financial Centre Road. Property for sale in Downtown Views 2 includes 1-, 2-, 3- and 4-bedroom apartments. The size of 1-bedroom apartment is 806 square feet, 2-bedroom ranges from 1087 to 1706 sqft, 3-bedroom – 1627 to 2432 sqft, 4BR – 2493 to 2572 sqft.
The ground floor of the building provides access to services, garbage rooms, support facilities and utility plan rooms. The parking is located also on the ground floor, as well as on three podium levels.
The apartments in Emaar Downtown Views II also offer spacious private balconies, open living-dining spaces, modern kitchen and bathroom appliances, as well as walk-in closets. The units are sold unfurnished.
Has a metropolis, Dubai consists of several districts each of which is oriented towards something. Downtown Dubai serves not only as a business centre due to the global companies offices situated there but also as a touristic centre with main landmarks such as Burj Khalifa.
Located in a major economic hub with an immediate access to Financial Centre Street, this area is in high demand for business purposes as well.
The construction of the district began in 1998 but there are still new residential complexes being built. The housing project made by Emaar Properties developer is estimated by $20,000,000,000.
The central location of Downtown Dubai with the walking distance to urban infrastructure and entertainment arouses interest of the foreign investors. Furthermore, you can buy the real estate unit there in freehold.
The building is under development from the beginning of 2017. Around 60% of the tower is completed, so there is still an opportunity to purchase the property with low prices and flexible payment plans. Monthly rental for the apartment of 678 square feet is approximately AED 37,000.
After deduction of all fees, such as utilities, 5% income tax and management, the net profit is USD 28,600. The average ROI in Emaar Downtown Views II is 6%. The full payback period takes around 30 years.