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