Last call for the Dubai waterfront

Until now the Dubai government had reserved all Dubai waterfront land for its own developments, but now for the first time, prime beachfront real estate has been made available to private developers. Profile Europe (UK) Ltd is pleased to announce their latest development Zero Five Zero, a beach development in the heart of the Dubai waterfront, near the base of the prestigious Palm Jebel Ali.

Zero Five Zero is an exclusive residential project of luxury studio, one, two and three bedroom apartments and penthouses in a beach location within the world’s fastest growing city.

Oliver Hickey UK Sales Director of Mayfair based Profile Europe (UK) Ltd said, “Zero Five Zero is quite simply the best investment opportunity within Dubai waterfront that I have had the pleasure of bringing to the UK market. Its prominent location on the last natural beach within Dubai Waterfront will ensure that investors achieve high capital appreciation. Location in Dubai is everything and one could almost dare to compare Dubai waterfront to London’s Mayfair. Both areas are in demand and both areas command a perceived high status within society. However, Dubai Waterfront is still at this stage financially affordable to most, unlike Mayfair, but the coming years will see Zero Five Zero and its waterfront neighbours soar in value as this becomes the residence of choice.”

Zero Five Zero comes to the market as a ‘turnkey’ investment opportunity. Each apartment offers the highest specifications with all mod cons for the 21st Century. The apartments come with air conditioning as standard, fully fitted kitchens, terrace, safe, storage and TV /internet connections. Perhaps one of the biggest selling points is the full length windows which offer panoramic views over the sea and canals. Furthermore there is also ample car parking space, garages, gym, community pool and landscaped gardens.

One bedroom apartments at Zero Five Zero start from £400,000. There is a £4,000 deposit and admin fee due on reservation, followed by 20% within 30 days (less deposit) 20% in December 2008, with the balance (60%) due on completion in 2010. Rental yields are expected to reach 12% annually. Profile Europe (UK) Ltd is currently in negotiations with financial institutes to provide purchasers with an option for financing the 60% balance payment.

For more information, visit profile.ae.