Full Description

  70% OFF PLAN MORTGAGE NOW CONFIRMED    

FIRST STAGE PAYMENT 30%    12 Apartments Available first come first  served  

Prices and Availability - please enquire for latest availability

Stage Payments and Mortgages

£3175 Reservation and Arrangement fee

1^st stage Payment = 30% minus Reservation fee - 28  days from reservation

 There is now a 70% LTV off plan mortgage available, Interest rates from 9 - 9.5%, repayments can be paid either from the start or on completion  - please enquire for more information on mortgages 

Country: Kingdom of Bahrain

Location: Juffair

 Development name: Juffair Lofts one and two

 All units will be built to high standards and specifications and will have the use of the onsite gymnasium and a shared pool

 

Deposit is 30% of the purchase price

 

Prices start from 715.00 Bahraini dinar per m² approximately £931.00 per m²

 Clients will receive a residency visa on purchase  

12 month rental contract available

 

Rental fee is one months rent payable to the agent

 

6hr flight from the UK with Gulf Air and British Airways

 The Kingdom of Bahrain is a Tax Free haven

  Bahrain has experienced an increase in property prices of 35% year on year over the last 3 years

 

 

Reservation fee of £3000 along with £175 arrangement fee.

 

 Deposit of 30% will be due 28 days from reservation.

Two bedroom apartments, from 108 sq metres. Premium location on the waters edge of the Persian Gulf, with panoramic views, constructed to a very high standard and with luxurious spec.

Features

There will be gym and pool facilities. High rental demand.

Excellent discounts for off-plan purchasers.

Price

Prices start at 715 Bahraini Dinar per sq. metre and increase by 2% per floor level (currently around £935 per sq metre).

Other information

It has only been possible for expatriates to buy in the Kingdom over the last three years and prices have risen by 35% over this period. Up to 70% of residents are expats which means rental demand is extremely high. Mortgages are available from local banks. A residency visa is issued with each purchase, allowing the buyer to open a bank account. Bahrain is tax free. Rental contracts are for a 12 month period.

Our View

Rental demand from middle management is exceptionally high and the ability to open a bank account means there are huge tax breaks. For an early doors investor, this is a superb opportunity and we are confident these will sell out rapidly when launched.

 

It is an 18 month build and this commences in December 2007.   On average rental prices will be around £1000 per month depending which floor you purchase on.