8% Guaranteed Rental

Enjoy an incredible 8% rental return every year, for 3 years GUARANTEED!

Salient Features
The Company (or its duly authorised agents/nominees) shall arrange for the leasing of the apartment for the buyers who join the Scheme. The Scheme shall be effective after the completion date of the apartment.

The Company reserves the right to terminate the Scheme after expiry of the assured return period by giving a written notice of one month to the owner and return back the apartment at the expiry of the then prevailing lease.

The Company assures a fixed gross return of 8% per annum of the purchase price (excluding transfer fees and processing or legal fees) of the apartment paid by the Buyer for the property.

The gross return as indicated above, shall be subject to the rent collection fee (letting fee) and the management fee to be mutually agreed at the commencement of the Scheme. It shall also be subject periodical maintenance of the apartment to the extent not covered by supplier’s warranty and the Association service charges and fee/charges imposed by the Dubai Municipality, the Master Developer or any other authority on such leased apartments, if any.

The assured return shall be available only for a period of three years commencing three months after the completion of the apartment. During the first three months after completion and after expiry of the assured return period, the Scheme would be managed on “actual returns” basis.

There would be no change in the Buyer’s obligations towards the Company, the Master Developer, the Manager or the Association as per the Sale and Purchase Agreement or the Master Community Declaration, as applicable. The Buyer will also be liable for payment of the rental collection fee, management fee and periodical maintenance of the apartment as per the Scheme.

In the event, the Buyer defaults in paying any charges due to the Association, the Master Developer or any other competent Authority, the Company shall be entitled to pay the same out of the rental proceeds payable to the Buyer under the Scheme. In case the insufficiency of rental proceeds in the hands of the Company in relation to the Buyer’s apartment are not sufficient for the purpose, the Company shall be entitled to withdraw the Lease Management Scheme for the concerned apartment and the Buyer shall have no further claims against the Company under the Scheme.

The amount due from the Scheme would be paid to the Buyer on a half-yearly basis in arrears, upon its realisation from the prospective lessee. However, in case of any outstanding payments due from the Buyer to the Company and or the Association, the proceeds from the Scheme shall first be appropriated towards such dues and balance, if any, would be paid to the Buyer.

The benefits of the Scheme shall be available to the Buyer and any subsequent owner in the event of the sale of the property within three years of the completion but still at the rate of 8% of the original sale price and not any subsequent sale prices. In any case the benefits of the scheme will not be available for a period of more than three years from the date of completion of the property.