The Cube offers a complete value added package both for investors and residents. A stand alone project that represents a high end investment opportunity yielding good Return on Investment.

The return on investment has been calculated using the most conservative figures the estimated return of 10 is based on the following assumptions:

Occupancy rate of 70 at AED700 per room per night
Capital appreciation per annum of 5 of the price of the apartment
Service charges of AED10 per square foot
Management fees of AED15 per square foot
Total rooms subject to the lease back 561
Furniture replacement reserve of 5 of the gross revenue
335 days of room availability
30 days reserved for the owner with all owners taking their full entitlement.

The revenue from all the 561 units is pooled as gross revenue. From the gross revenue there are a number of deductions that need to be made as per the above. Once the deductions have been made there is a 50:50 split of the Net revenue shared between the operator and owners.

Owners will receive a percentage share of the revenue proportionate to the value of their investment against the total investment value of the building.

Eg. 100 of the investment = value of all 561 units

An investor that owns a 2 bedroom unit (eg.Value 2,000,000/-) an investor that owns 4 x studio (eg. 500,000/-) will receive the same return on investment.

The percentage return on investment will be a direct result of the room revenue charged by the operator and the occupancy level of the residence.

Expectation for the return on investment should exceed 10 considering the current market figures in Dubai.

Specifics:

Ultra-modern accommodation 561 apartments with G + 26 floors including studios, 1, 2 bedroom apartments.

All apartments are generously sized, varying from 493 – 3,081 square feet (46-286 square metres)
The majority of apartments open to a large balcony allowing for open style living al fresco with unparalleled views of the lakes, park and stadium.
Quality finishes of the highest possible German standards run throughout, including use of marble and bright natural stone.
All apartments will be fitted with high quality kitchen equipment.
Maximized benefits of natural light with green, glass sculpture construction providing spectacular lighting which is maximized from all three sides of the building façade for a light and airy feel.
Use of satinised glass for sight protection.
High end, Robust living, environmentally aware, sporty.
Basement levels allocated parking.

All set in the most prominent location in Dubai Sport City, amidst an urban lake landscape with gardens, waterfalls and the vibrant Sports City arenas.

Prices from £ 78,000

Oyster International - 0044 (0)208 390 8001