Sales launch of flats in Rixos Residences tower in Downtown

26 Feb 2024

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The new project Rixos Residences featuring panoramic apartments starting from $680,000 is already on sale. The most sought-after investment lots have already been taken, but there are still profitable options in stock suitable for investments. After all, this is Downtown – literally a Klondike for real estate in the UAE.

The project is scheduled to be completed by June 2027. If you wish to resell, we will find a buyer for you at the peak price. Or we can help you find a tenant for passive income.

We'll help you earn:

• The tower is located in the most touristy area of Downtown with major attractions like Burj Khalifa, Dubai Mall, Dubai Opera, and the Dancing Fountains. And it's just a 10-12 minute drive to the sea.

• After the project is completed, we will assist in connecting electricity, water, gas, and internet. If you're renting out, we'll register the lease agreement with the Land Department ourselves.

• Initial payment – starts from $68,000.

• Installment plan – 60/40 over 3,5 years.

Estimated ROI from long-term rental:

Annual rent for a 1-bedroom apartment in the location considering rental rate growth closer to completion – $50,700

Service charge – $3,800

DLD – from $27,200

ROI ≈ 6.6%

About the project:

• Rixos Residences – a stylish branded tower featuring panoramic residences with 1-3 bedrooms, luxurious penthouses, and two-level units up to 975 m².

• Panoramic windows, balconies, and terraces, smart home system. Some units come with private swimming pools.

• Views of Burj Khalifa and the Dubai skyline.

• Completion – June 2027.