DAMAC Properties TOWER 108 | TOWER 108 By DAMAC Properties Dubai
TOWER 108 Dubai
The Damac group has shown great enthusiasm towards building hotel residences for the residents of Dubai. They have a large number of ongoing projects that are destined to take them to new heights of success and establishment in the real estate sector. With their earlier project of Damac Heights which has a very impressive description and infrastructure, the Damac group has launched another of its upcoming project by the name of Damac Tower 108.
The sky rise buildings set on the land of Dubai have a lot to say to the residents of Dubai and to those who wish to invest in hotel residences in sky rise buildings. Every project that has been undertaken in the name of the Damac group is a marvel by itself. With every sky touching building having its very own and impressive specialties, the Damac Tower 108 has added on to the list. Upholding the motto of providing the residents of Dubai a modern and high standard living within the thriving neighborhood of Dubai the Damac tower 108 is crafted in the most intricate manner. The Tower 108 is a once in a lifetime opportunity for investment that is to yield high rates of returns for sure. There is no denial what so ever in the assured return on investment at this tower 108.
In many cultures, the number 108 is considered to be sacred. It signifies prayer for some while for other communities it symbolizes energy, time, astrology, enlightenment, the number of chakras and much more. So the fundamental behind naming this project as Tower 108 is to instill and incorporate into the project the sacredness and bring to its residents a new way of living that is considerate, modern as well as respectful and luxurious. Hotel residences have their own way of generating income for its owners.
The double sided benefits of owning hotel residences are truly amazing. When in Dubai with your family, stay in your own hotel residence on some high floor of a sky scraper and watch the city below you moving to its daily routine. Secondly, even in case you happen to be out of Dubai, then also there is income generation. Rent your hotel residence and earn from it while you are away. Both these benefits are most likely to please anyone wishing to invest in hotel residences in Dubai.
People always have a notion of making investments in places that are within reach. But with advancement in the real estate sector, this notion is getting wiped off. If you have thoughts crossing your minds as to why would someone invest in a country like Dubai, then well go ahead and know the benefits of investing in the land of the sand and the sun. Dubai stands as the second largest market for those who wish to invest in property.
It also exempts you from various taxes such as income tax and tax on capital gains. With consistent higher rates of returns of about 7.5% and above, Dubai posses’ to have a very liquid market for property that makes it easier for the flow. From the past four years, the combined annual growth rate of Dubai has been 11.6%. This impressive growth rate has surpassed the growth rate of major cities such as Sydney and London too. The strategic location of Dubai also plays a very important role in the stability of its property market. Other factors for investing in the city of Dubai are its stability both economically and politically as well as its stable currency that has been pegged to US dollars.
DAMAC Tower 108: An investment made towards a better life is always a fruitful one. Tower 108 is a fine example of the high standards of living. Blending in the standards of high class hotels and premium homes, this tower allows you the flexibility of turning your home into either of it. The skillful designs of the Tower 108 lets its residents enjoy fully fledged panoramic views of the landscapes and the neighboring areas as well.
The ground floor provides open access to the Jumeirah village. Each hotel residence is designed with care that enables the residents to create within the residence their own way of lifestyle that is a reflector of their values and art of living. The best part about these buildings is that whatever you need is present right at the ground floor. The tower 108 has retail stores and various other sources of entertainment and relaxation. All you need is just a minute away from you.
Even while being away from the hustle bustle of the fast moving city and watching it from your high home in the tower, you can still be in reach of the city. The location of Damac Tower 108 is so strategic that it provides uninterrupted access to all the major hubs of the city and that too only in a matter of 15 minutes. Dubai Marina, Palm Jumeirah, the mall of Emirates, the very famous Sheik Zayad road and the international airport of Al Maktoumn are all located nearby.
The AKOYA (another project by the DAMAC group), the springs and the Arabian Ranches are neighbors of the DAMAC Tower 108. Owning a place of your own in this tower is quite easy. All you need to do is invest in the tower with just an amount as small as AED 782000 and earn eye widening rates of return for this investment.
Avail unveiled advantage with this investment and enjoy in every way, the facilities of Tower 108, designed for providing unmatched living experiences and also an attractive money return option of renting your hotel apartment while you are away. These fully furnished hotel apartments along with a rented pool that is managed by the Damac Maison de ville is sure to appeal you, leaving you with an undying wish of being an integral part of this marvel and watching the city below you right from the window of your apartment.
TOWER 108 FURNISHED AND SERVICED HOTEL APARTMENTS
LAUNCHING ON SATURDAY, 20TH AUGUST, 2016
|BUILDING NAME||TOWER 108|
|BUILDING TYPE||FURNISHED AND SERVICED HOTEL APARTMENTS|
|ANTICIPATED COMPLETION DATE||30TH JUNE – 2018|
|BUILDING CONFIGURATION||G + 4P + 28 + ROOF|
TENTATIVE STARTING PRICES-
All prices are subject to change without notice.
|1 BR||AED 782,100|
|2 BR||AED 1,359,600|
|3 BR||AED 1,870,000|
All prices are subject to change without notice.
|2nd Installment||Within 120 Days of Sale Date||10|
|3rd Installment||Within 180 Days of Sale Date||10|
|4th Installment||Within 360 Days of Sale Date||10|
|5th Installment||Within 540 Days of Sale Date||20|
|6th Installment||Within 720 Days of Sale Date||30|
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