The Cube Dubai Sports City

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Project Description: 

The Cube is a unique and innovative landmark tower that will occupy a prime location within Dubai Sports City. The Cube Condo Residence is the first German developed, designed and contracted tower to be built in Dubai and the world’s first integrated athletics, sports and lifestyle venue. In short, The Cube is prestigious condo residence delivering the highest quality finishes by wholesome detail and a zest for sports.

The Cube offers its owners a state of the art high end investment offering a 10% Return on Investment, assuming conservative market figures are met.

 

 The Cube Specifics:  

• Ultra-modern accommodation 561 apartments with G + 26 floors including studios, 1, 2 bedroom apartments.
• All apartments are generously sized, varying from 543 – 3,081 square feet (50- 286 square metres)
• All apartments open to a large balcony allowing for open style living al fresco with unparalleled views of the lakes, park and stadium.
• Quality finishes of the highest possible German standards run throughout, including use of marble and bright natural stone.
• All apartments will be fitted with high quality kitchen equipment.
• Maximized benefits of natural light with green, glass sculpture construction providing spectacular lighting which is maximized from all three sides of the building façade for a light and airy feel.
• Use of satinised glass for sight protection.
• High end, Robust living, environmentally aware, sporty.
• Basement levels allocated parking.

 

All set in the most prominent location in Dubai Sport City, amidst an urban lake landscape with gardens, waterfalls and the vibrant Sports City arenas.

 

Apartment Specifics:  

Your property will be a specific apartment together with all the fixtures, fittings and finishes included as part of your Sale and Purchase Agreement. The apartment is handed over, fully furnished and with all home appliances.  

 

Included in your apartment:  

• Fully equipped kitchen with, oven, microwave and all electrical items
• High Speed Internet Access
• Home Theatre System with LCD multi-channel Satellite TV
• IDD Telephone with voice mail
• Safe

 All owners will also have an undivided share in the common areas such as hallways, lifts, spa and pool.The registration of the title is included as well. 

 

Prices:

Type	Size FT2	Price AED	Price GBP	Price Euro	Price USD
R	681	935,406	129,918	172,790	254,879
M	681	935,406	129,918	172,790	254,879
Q	817	1,068,186	148,359	197,318	291,059
L	839	1,152,082	160,011	212,815	313,919
P	881	1,210,214	168,085	223,553	329,759
O	923	1,286,640	178,700	237,671	350,583
S	1103	1,442,135	200,297	266,394	392,952
T	1373	1,912,090	265,568	353,206	521,005

** All prices depend on size, location, floor number, view and currency exchange rate.

 

Expected Return on Investment:

An estimated 10% + return on investment per annum has been conservatively calculated, assuming an occupation of 70%, a room rates starting from only 700 AED per night and a personal usage of 30 days per year.

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.

The proceeds from the management of the units will be targeted to yield a minimum of 10% return on investment. However by basing the occupancy levels at the expected 85%, yields can approach 16% +.

Forecast Rental Yields:

Type	Price	Size (sqft)	Room Rate	Occupancy	Gross Revenue	Net Revenue	Owner Dividend	Yield
R	£129,878.61	555	£167	85%	£47,458.33	£41,971.88	£20,985.94	16.16%
M	£129,889.17	681	£181	85%	£51,413.19	£45,192.62	£22,596.31	17.40%
Q	£148,446.67	817	£222	85%	£63,277.78	£55,695.14	£27,847.57	18.76%
S	£200,296.53	1,103	£278	85%	£79,097.22	£69,335.07	£34,667.53	17.31%
P	£168,085.28	881	£236	85%	£67,232.64	£59,131.16	£29,565.58	17.59%
0	£178,659.31	923	£264	85%	£75,142.36	£66,301.82	£33,150.91	18.56%
L	£160,011.39	839	£236	85%	£67,232.64	£59,277.00	£29,638.50	18.52%

** please note all information regarding rental yields are for illustration purposes only and cannot be guaranteed. The figures regarding room rates and occupancy levels are however very realistic as they are based on real figures being achieved in Dubai over the last five years.

Notes:

Total Charges:

Apartment Type	Service	Management	Maintenance	Utilities	Total
Type R	£770.83	£1,156	£2,373	£1,186	£5,486.46
Type M	£945.83	£1,419	£2,571	£1,285	£6,220.57
Type Q	£1,134.72	£1,702	£3,164	£1,582	£7,582.64
Type S	£1,531.94	£2,298	£3,955	£1,977	£9,762.15
Type P	£1,223.61	£1,835	£3,362	£1,681	£8,101.48
Type 0	£1,281.94	£1,923	£3,757	£1,879	£8,840.54
Type L	£1,165.28	£1,748	£3,362	£1,681	£7,955.64

 

 

 

Safe & Secure Investment:  

BMG Middle East recognizes that the purchase of a secondary residence or investment property in Dubai is a big step and we understand the importance of the contract being very clear about the rights and interests of purchasers as well as the safe registration of the title in this property.

For this reason we ensure that the Sales & Purchase documentation for The Cube is the most comprehensive contract currently in the marketplace in Dubai.

You are acquiring a 99-year lease of your apartment with a right, subject to the laws of Dubai, to acquire the freehold of your apartment.

Hadef Al Dhahiri & Associates is among the oldest and most respected United Arab Emirates law firms. They have been appointed as a neutral party to provide all services, including the registration and title documentation for owners, pending the hand over to the Dubai Lands Department giving you complete confidence of the safety of your investment.

 

The Cube Features/Amenities:

• Lobby lounge, café and restaurant
• Garden health club with pool deck, outdoor Jacuzzis, wellness bar and fitness center
• Fully equipped business center with state-of-the-art conference and meeting rooms
• Book & newspaper shop
• Underground parking garage

The Cube Services:

• 24-hours reception desk
• 24-hours housekeeping & turndown service
• 24-hours security on call
• 24-hours valet parking service
• Room Service
• Concierge
• Laundry and dry-cleaning service
• Breakfast service
• Airport transfers service
• Wake up call service
• Car and limousine rental
• Mobile telephone rental
• Shoeshine service
• Daily complimentary newspaper
• Wireless Internet access in all public areas
• Flight confirmation service
• Travel agent and tour desk
• Secretarial support
• Babysitting
• Pillow menu (choice of different size, stuffed pillows)

  

Personal Usage: 

The Apartment owner has 30 days of use per calendar year and no use is permitted during the black out dates. Black out dates will be notified by the management company and generally apply in respect of festivals, sports event and conference timings. Additional room nights may be rented by the apartment owner for 50% of rack rates subject to availability.

 

Payment Plan:

First Payment	20% (less AED5,000) nonrefundable within 7 days of signing
Second Payment	15% of the purchase within 3 months of first payment
Third Payment	15% of the purchase within 3 months of second payment
Fourth Payment	10% of the purchase within 3 months of third payment
Fifth Payment	10% of the purchase within 3 months of forth payment
Sixth Payment	10% of the purchase within 3 months of fifth payment
Seventh Payment	10% of the purchase within 3 months of sixth payment
Eigth Payment	10% of the purchase price on the completion date as defined in the sale and purchase contract.

 

The Lobby and Reception Area

 

Very Contemporaray furninshings included in all apartments

 

Stylish bathrooms

 

Completion Dates:  

The Piling and Shoring for the Cube started October 2007 (see photos on the our website at: http://www.unityestates.com/DubaiToday.htm)

The expected completion date for the project is end 2009.    

Investment Opportunity:  

The Cube offers a complete value added package both for its investors and its residents. The Cube is a stand alone project that represents a high end investment opportunity yielding a minimum 10% Return on Investment, assuming some conservative market figures are met.  

The return on investment has been calculated using the most conservative figures the estimated return of 10% is based on the following assumptions:

• an estimated occupancy rate of 70% at AED700 per room per night
• capital appreciation per annum of 5% of the price of the apartment
• service charges of AED10 per square foot
• management fees of AED15 per square foot
• total rooms subject to the lease back 561
• a furniture replacement reserve of 5% of the gross revenue
• 335 days of room availability
• 30 days reserved for the owner with all owners taking their full entitlement.

The revenue from all the 561 units will be pooled as the gross revenue. From the gross revenue there are a number of deductions that need to be made as per the above. Once the deductions have been made there is a 50:50 split of the Net revenue shared between the operator and owners.

Owners will receive a percentage share of the revenue proportionate to the value of their investment against the total investment value of the building.

Eg. 100% of the investment = value of all 561 units

An investor that owns a 2 bedroom unit (eg.Value 2,000,000/-) an investor that owns 4 x studio (eg. 50,000/-) will receive the same return on investment.

The percentage return on investment will be a direct result of the room revenue charged by the operator and the occupancy level of the residence.

Our expectation for the return on investment should exceed 10% considering the current market figures in Dubai.

 

Management / Operating Company:  

The provider will be an experienced and efficient management company used to operating in the upper market and capable of maximizing occupancy figures. At present this topic is under negotiation with a number of well known hotel operators and management companies.

 

Dubai Sports City :  

DSC will be the home for the most thrilling sports events taking place all year round. With events all year round being broadcasted to the entire world, DSC is sure to become the most famous place within Dubai. DSC is certainly a winning place for investment!

An athletic community to win with Dubai Sports City (DSC) will be the world’s first purpose-built integrated athletics and sport venue. Covering a vast area of some 50 million square feet, DSC is situated within the enormous Dubailand project, which is the most prestigious development in Dubai.

When completed, DSC will feature four state-of-the-art stadiums:

• 10,000 seat multi-purpose indoor arena
• 30,000 capacity cricket stadium
• 60,000 capacity multi-purpose outdoor complex
• 10,000 spectator hockey stadium

 

In addition, an 18-hole golf course, designed by Ernie Els,Manchester United Soccer School and the David Lloyd Tennis Academy.

Dubai Sports City isn’t just about athletic competition, it’s about living life at your own pace, a life rich in options to get out and get healthy. Here, life is surrounded by unlimited options from restaurants, cafes, shopping opportunities, hotels, parks and family activities. In short, everything the modern metropolis has to offer is located in Dubai Sports City.

Dubai Sports City is a carefully master planned community offering all vital facilities such as schools, medical facilities, emergency services, restaurants, cafes, entertainment venues, shops, community centers, mosques and a multitude of other facilities and services.

Dubai Sports City offers an unprecedented shopping experience, from the largest sports-themed mall in the region to an array of retail plazas and boutiques. With such a multitude of shops, everyone can find anything they need at Dubai Sports City.