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Condo Hotel Smart Investment

The occupancy rates in hotel in Dubai for 2005 hit 87%... the highest in the world. Room rates in Dubai Hotel also hot unprecedented levels outstripping those of New York, Paris and London.

Project Retal income from 15% onwards. Condo hotel apartment investment is safe and smart investment.

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DIAMOND - BAHRAIN

Diamond Plaza: We are delighted to announce the launch of the first phase of Diamond Plaza our first project in Bahrain. Onyx House forms part of our Diamond Plaza Development, a 3-Tower residential development overlooking the Persian Gulf.

Situated within the Al Hoora District, close to Bahrain City centre in Manama, the studio, one, two and three bedroom apartments are ideal for both investors and owner occupiers alike.

Onyx House comprises of 290 stunning apartments and is only a part of a total of 1,020 apartments within the Diamond Plaza complex.

This luxury apartment residence tower will be managed by Bridgestreet Worlwide, a wholly owned subsiduary of Interstate Hotel & Resorts. This is the largest hotel management company in the United States and will redefine 5-star serviced apartment living here in Bahrain.

Within the development occupiers will benefit from a state of the art health spa and pool area, as well as having access to all of the retail outlets and restaurants that are situated on the ground floor. Each apartment also has its own covered parking space.

Contents:
  • Key Features Investment Features
  • Payment Schedule (inc finance options)
  • Price & Availability
  • Why Invest in Bahrain

Property Key Features Include:

  • Full freehold ownership Stunning fully furnished studio, one, two and three bedroom apartments
  • State of the art health spa and pool area
  • Mix of retails and restaurants
  • Located with easy access to the financial district Situated on a Peninsula with great views over the Persian Gulf
  • Within easy access of the business district and airport
  • 24 hour security
  • 24 hour room service
  • Fully managed by Bridgestreet Worldwide
  • Non status finance available Additional

Investment Features Include:

  • Initial 3 year 9% pa rental guarantee
  • 30 day owner use per annum
  • 20 year lease back
Fully furnished Apartment Specification:
  • Living area flooring, granite tiled and wooden parkette.
  • Balcony: Semi polished porcelain tiles
  • Bathrooms: ceramic tiles
  • Kitchen: Italian marble Kitchen Furnishing:
  • European designed units having aluminium carcass & solid wood doors with granite work surfaces.
  • Bedrooms: Built in wardrobes High speed internet access in all rooms.
  • Telephone points in all rooms SMATV Back to Top

Investment Features:

9% rental Guarantee for the first 3 years

60% of the generated revenue for the first 20 years (re newable). Very high forecast rental yields (see table below) Rental Forecast:

Payment Schedule:

Option 1: 50% Finance is available from the developer. If this can be paid in a lump sum up front, then no further payment is required until completion (finance will be interest free).

At completion the mortgage will start at a rate of 7.95% over a 5 or 10 year period.

Option 2: If the purchaser decides to follow the usual payment schedule laid out below and requires finance then this will be available once 50% has been paid (4th installment).

The remaining payments will be interest only until completion at which point the mortgage will commence at a rate of 7.95% over a 5 or 10 year period.

Payment Plan

  1. DEPOSIT 10% Payable within 7 days of signing Irrevocable Intent form
  2. 1st Installment
  3. 10% Within 30 days of Irrevocable Intent form
  4. 2nd Installment 10% Within 90 days of Irrevocable Intent form
  5. 3rd Installment 10% On completion of podium
  6. 4th Installment 10% On completion of 6th floor structure
  7. 5th Installment 15% On completion of 12th floor structure
  8. 6th Installment 15% On completion of structure
  9. 7th Installment 20% On completion

Prices and availability:

Studio apartments from 618,442AED (88,348 GBP)

1 bedroom apartments from 736,674AED (104,953 GBP)

2 bedroom apartments from 909,474AED (129,924 GBP)

3 bedroom apartments from 1,409,684 AED (201,383 GBP)

Please note: The prices provided above are accurate at the time of publication and are fixed in AED. The prices may change according time, availability and exchange rates, so please contact us for the latest details.

Why Invest in Bahrain Property?:

  • Location: Bahrain is situated in the heart of the Arabian Gulf.
  • Central staging post for trading routes between
  • East and West Frequently attracts the GCC's most affluent nationals from KSA with highest GDP.
  • Bahrain is the major trading port due to its ideal position of the island.
  • Bahrain property provides prime sea views and residential construction boom is only just beginning.

Economy:

  • Bahrain Government proactively encourage growth of foreign direct investment and private enterprise.
  • Bahrain is the fastest growing economy in the Arab World (source; United Nations Economic and Social Commission for Western Asia- January 2006)
  • Bahrain has the freest economy in the Middle East (source; Index of Economic Freedom. Wall street journal 2006)
  • No taxation including personal income, wealth taxes, capital gains, death duty taxes and inheritance tax. Lower costs of living than GCC neighbours.
  • Higher quality of life. Financial capital of the Middle East, Bahrain financial harbour. Bahrain has the most developed telecommunications in the GCC.
  • Bahrain's legal system ensures that the rights of international investors are protected. Bahrain property is on the brink of a major development boom;

Market:

Current hotel occupancy rates at 75% throughout Bahrain Average 4/5 star nightly room rate in 880AED.

Major influx of middle class expatriate professionals seeking high quality rental accommodation.

For further information including the latest availability and prices for this development please contact one of our sales team:

Contact us

 

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