Rent to Own Pay 2% only and Move in MURANO
Rent to Own New building Brand New Apartments
Pay 2% and move in straight away (25% in 3 years will be treated as dawn payment)
Square Yards Real Estateis very proud to present thisone-bedroom apartment in Murano Residences, Al Furjan with a RENT TO OWN scheme:
You pay 25% of the purchase price (AED 650,000) within a three-year rental contract. That is AED 54,167per year or AED 13,541.75per quarter. You will pay the rent quarterly.
At the end of the three year period, you have two options: either you move out and walk away or you decide to finalize the purchase of the apartment. If you decide to buy the apartment you only need 75% of the purchase price. Mortgages providers will allow you to complete the purchase. Your three-year rental payments will be considered as a down payment for the apartment.
What fees will you need to pay:
5% rental commission ( AED 4,500)
5% security deposit (AED 4,500)
Deposit for DEWA
In case you decide to purchase the apartment after the three-year rental period, the following fees will be payable:
4% transfer fee for Dubai Land Department
Bank fees for the mortgage
AED 12 per sqft service charge towards the owners association
The Murano Residences is a family-friendly with a kids pool,kidsplay area and a new school across the road. The parents also enjoy a pool, a Technogym equipped gym and a BBQ area.
Please call Zahid
Pay 2% and move in straight away (25% in 3 years will be treated as dawn payment)
Square Yards Real Estateis very proud to present thisone-bedroom apartment in Murano Residences, Al Furjan with a RENT TO OWN scheme:
You pay 25% of the purchase price (AED 650,000) within a three-year rental contract. That is AED 54,167per year or AED 13,541.75per quarter. You will pay the rent quarterly.
At the end of the three year period, you have two options: either you move out and walk away or you decide to finalize the purchase of the apartment. If you decide to buy the apartment you only need 75% of the purchase price. Mortgages providers will allow you to complete the purchase. Your three-year rental payments will be considered as a down payment for the apartment.
What fees will you need to pay:
5% rental commission ( AED 4,500)
5% security deposit (AED 4,500)
Deposit for DEWA
In case you decide to purchase the apartment after the three-year rental period, the following fees will be payable:
4% transfer fee for Dubai Land Department
Bank fees for the mortgage
AED 12 per sqft service charge towards the owners association
The Murano Residences is a family-friendly with a kids pool,kidsplay area and a new school across the road. The parents also enjoy a pool, a Technogym equipped gym and a BBQ area.
Please call Zahid
Property Information
- TypeApartment
- PurposeFor Sale
- Reference no.Bayut - JRD-10609
- CompletionReady
- Average Rent
- Added on30 August 2020
Features / Amenities
Balcony or Terrace
Swimming Pool
Centrally Air-Conditioned
Gym or Health Club
+ 2 more amenities
Trends
Mortgage
Location & Nearby
Location
Schools
Restaurants
Hospitals
Parks
This property is no longer available
Square Yards Real Estate
Agent:Sheikh Zahid Masood