The Cube includes Studios and
Executive Studios entirely furnished and equipped
and distributed on 27 floors. Quality finishes
of the highest possible German standards run throughout,
including the use of marble and bright natural
stones. All apartments will be fitted with high
quality kitchen equipments. The green glass sculpture
construction provides spectacular lighting which
is maximized from all three sides of the building
façade for a light and airy feel.
The Cube is not only a state of
the art building; it's also a state of the art
high end investment. It will be managed by a five
stars operator, offering its guest’s superior
services and it's investors a very good return
on investment. Indeed, The Cube is the first residential
housing complex to be developed in Dubai Sports
City offering to its owners an investment promising
a minimum ROI of 10% for the first 3 years. A
10% return on investment per annum has been conservatively
calculated, assuming an occupation rate of 70%
(knowing that hotels in Dubai have an occupancy
rate of 93% p.a.), and a rate of 700 DHS / night
(although currently all furnished studios charge
at least 1500 DHS).
This figure is calculated knowing that every investor
gets a personal usage of 30 days per year for
free. This shows how the management of the condo
residences will optimize the value of the property
through exceptional service and optimum occupancy
levels by capitalizing on the booming tourist
market of Dubai, this amazing city that will host
the Olympics in the future. Within the 3 years
period all service charges, maintenance costs
and management fees are already accounted for
to make your property a hassle free and self sustaining
investment.
The catching point in this investment
is that you don’t have to worry about floor
plans, choosing the best unit in the best floor
with the best view, to guarantee that it will
be rented out. Indeed, the operator will pool
all the revenues and deduct from them all the
costs, to get the Net operating Profit. This figure
will be split in half between the operator and
all the investors. Each investor will obtain a
return that depends on the value of his investment.
To match the expectations of the
buyers, owning a property created and built at
the highest German standards, the developer has
scheduled a period of three months for remedy
of defects after completion of construction in
April 2008. Due to that timeframe, handover will
be in summer 2008.
Owning a property in the cube
is not only a smart investment, it also means
owning a share in the future landmark of sports
city. In addition it’s the chance to spend
one month for free in a five stars apartment building
and in the heart of the action, as you will be
able to watch international sporting venues and
competitions, and to practice your favourite sports.