Hotelwohnung in Jumeirah Village Circle (JVC)，JVC District 10，Hanover Square, 2 schlafzimmer, 590000 AED - 6255835

Only for INVESTORS! No Self Occupancy permitted! Serviced Apartment
RENTAL POOL
FULLY MANAGED

2BHK Hotel Serviced Apartment
Hanover Square
JVC
Fully furnished
Fully Equipped
Fully Managed by ORYX Hospitality Group
806 sqf
2 full bathrooms
closed kitchen
3 balcony
1st floor in G+4 building

1 month complimentary stay for owner every year
ZERO service charges payable by Owner

Sale Price 590,000 AED

Additional fees payable by buyer
4% of Selling Price +580AED transfer fee Dubai Land Department (DLD)
15750 agency commission
4200 AED admin fee payable to DLD Trustee

for viewing call/watsap Oxana (Russian/English speaking)
BRN 26724

Hanover Square is G+4 residential building in JVC District 10, Jumeirah Village Circle, Dubai.
The project was completed 27 December 2015, developed by ACW Holding Limited.
It’s a mix of 418 furnished studio, one- and two-bedroom apartments.
Amenities include
3 temperature controlled swimming pools with Jacuzzi
fully equipped health clubs,
sauna and steam room,
storage facilities,
24-hour reception desk
covered parking space for each apartment
24-hour security on duty

The property after sale of assignment would remain in the investment pooled income for clarification and cannot be managed by the new owner or previous owner.

Below is a summarized explanation of the investment for a new incoming purchaser:

1. These properties are managed under a leaseback and income pooling agreement.

2. Owner cannot have the keys/card access to the actual property till the agreed lease term expires.

3. Owners cannot manage, rent or lease the unit property till the agreed lease term expires.

4. Hanover Square agreement is governed by the apartment lease and original Sale and purchase contract and schedules in place between the parties.

5. There is no option for removal of the unit from the income pooling and management leaseback. The apartments are sold and purchased on the basis of an investment only with a four week stay subject to availability.

6. The resale option is allowed however the same contract terms would apply to the new purchaser/investor till 31st Dec 2035.

7. Investor's will be provided with a portal account which allows them to communicate regarding the 'Apartment management and income pooling agreements'.

8. The 28 days complimentary stay is based on fair use policy, as a fair play policy you are only allowed to have one open booking at a time and for the current year only. When your booking has been completed you will be able to make another reservation.

9. Owners are provided pooling ROI with audited accounts of the financials and individual owner statements bi annually.