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Universal Tower

A E D 775,135  To A E D 2,709,079 (Per Sq/FT A E D 1,500)
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Bedroom Interior

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Duplex Layount

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Universal Tower
Property Details
Property # : Universal Tower
Property Type : Apartment
Property Status : Off Plan
Country : United Arab Emirates
Apartment Types : Studio, 1,2 ,3 & Duplex
View : Canal, Golf, Stadium
Area From : 714-2138 Sq.Ft
Parking Type : Allocated
Pool Type : Health Club
Garden Type : Communal
No Of Floors : G+16
Completion Date : Mar 2009
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1. Floorplans



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Universal FAQ's

Rental Guarantee FAQ's

Rental Guarantee Ė 9.0 % per annum for 3 Years


What actually is the Rental Guarantee?

It is a commitment to pay to the Property Owner a guaranteed 9.0% per annum return for 3 years.

What is it based on?

It is based on the purchase price, excluding any taxes and commissions, of the property, apartment or villa.

How does the Rental Guarantee relate to my property?

The Rental Guarantee provides you with a guaranteed return of 9.0% per annum for three years on your property investment and therefore ensures you peace of mind as you know in advance for the next 3 years what your annual return will be for that property.

Why is it beneficial to me?

It is beneficial to you because it is a guarantee of income to support your decision to purchase the property concerned and any mortgage or financing costs associated with the purchase.

When do I get paid?

You get paid four times a year (quarterly in arrears) and the Rental Guarantee commences 60 days after the Master Developer provides the Practical Completion Certificate so that we can commence letting your property.

How much will it be?

It is a guaranteed 9.0% per annum for the first 3 years that you own the property.

What other Agents fees and costs do I pay?

There are no further Agents fees or costs to pay.

What is deducted out of any Payments made to me?

There will be normal maintenance repair costs associated with your property. These costs plus your properties proportional share of Facilities Management Service charges, any UAE government fees and charges, legal fees associated with Tenant Contracts and any other building charges will be deducted.

For the first year the Facilities Management Services charges are paid annually in advance. Thereafter, the Property Owner can elect to either pay them annually in advance or to have them deducted equally from the quarterly Rental Guarantee payments.

The Agent is not obliged to and will not deduct any Taxes or Charges that relate to your country of residence.

A complete and itemised statement is included with all payments made to your nominated bank account.

What happens if I/we want to come and have a short stay at our property?

If your property or unit is let for a long term (annual Tenancy Contract or longer) you will not be able to stay in your property.

If your property or unit is let on a short term stay or furnished apartment basis you will be able to stay for no more than 30 days in any one year and you must provide at least 90 days notice that you wish to do so. During your stay you will be responsible for all associated usage charges.



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