#TOPPED OUT: AXIS RESIDENCE, (DSO)

[Kairi]

Gowealthy.com announces attractive payment plans for Axis Residences, Dubai26-Nov-2007

'Axis Residences' at Dubai Silicon Oasis

Gowealthy.com,the region’s global property and lifestyle brand offering comprehensive marketing solutions for property developers, investors and retailers, has announced the launch of the Dh295 million plus 'Axis Residences' at the Dubai Silicon Oasis by developer Gulf General Investment Company (GGICO). Due for completion in the fourth quarter 2008, the team behind the development and building of Axis Residence, Gulf General Investment Company (GGICO) has proven track record with highly successful master developments including Horizon Towers and Emirates Crown in Dubai Marina and Olympic Park in Dubai Sports City.

“GGICO is a 34 year old company and is a widely diversified group with 25 subsidiaries andaffiliates and as a company we choose our partners very carefully to ensure that overall vision is complementary to our own. Gowealthy.com had the perfect balance between sales prowess and marketing savvy which we felt offered a perfect solution to enable us to realize one of our goals of establishinganother successful development,” commented Mohamed Abdallah Juma Al Sari, Managing Director of GGICO. Totaling 286,827 square metres of floorspace and comprising of seven floors of apartments and basement parking, 'Axis Residence' provides tenants with modern and flexible interiors with spacious balconies and terraces that open onto landscaped courtyards and expansive greens.
In addition to and enhancing the intrinsic aspects of the development, Gowealthy.com will be offering a tailor-made payment plan which will consist of an initial booking deposit of 10% of the value of the unit with the first Installment, again 10% of the value payable within 6 months of booking installment. On handover, the parking bay and some balance payments will need to be met with a post handover plan of 72 monthly payments of Dh9,999. “With the residential property landscape becoming more competitive every day, it was important to design a payment plan for GGICO that would act as an incentive for investors while at the same time being attractive to those looking for a residential complex to move in to,” commented Peter Penhall, Chief Executive Officer of Gowealthy.com.

[Kairi]

http://www.gowealthy.com/realestate/...ence/index.asp

[Kairi]

Construction has already started and will have good rental return due to its location in DSO and close proximity to Academic city.

A first-of-its-kind international technology hub in Dubai, ‘Dubai Silicon Oasis’ offers the region’s most highly developed IT system, drawing the dynamic, techno-savvy community to its premises. ‘Axis Residences’ is a luxurious residential tower at the heart of Dubai Silicon Oasis, offering stylish studio and 1-bedroom apartments of various sizes and layouts.

Attraction here is payment plan, location and completion time.

Payment :

Balance 72 installments @ 9999/monthly
Parking : AED 50,000 (car park) + difference on completion
Building is under cosntruction will be ready by December 2008.
On possession it will get rent 100,000 to 120,000


Project Facilities:

· Modern & flexible interiors

· Spacious balconies & terraces

· Large ornamented podium

· Landscaped courtyard & manicured greenery

· Centrally air-conditioned apartments

· Child-proof electrical switches

· Intercom system between all apartments for easy connectivity

· MAT TV & satellite systems for world-class entertainment

· Strict adherence to finest quality

· Advanced security system

· Fire safety & alarm system

· Smoke detection system

· Large open-to-sky swimming pool

· State-of-the-art fitness facilities

· Gymnasium / Sauna

· Car parking / Elevators

· Reasonable service charges

· Fine dining options with cafes & restaurants

· Impressive retail outlets

[Kairi]

[Wannaberich]

KAIRI I cannot see how u think its possible to achieve rent of 100 - 120.000 for DSO.Those are Marina prices.DSO is still very much underdeveloped,the vision the ruler has for this area is a very long way of with no major companies having signed up yet.
Also apart from the emirates villas currently there,only around 25 projects are to be built.
Personally I think DSO will just turn into a residential area and not IT.However its position next to the airport,academic city,dubailand plus major roads still make it worth looking at.

[Wannaberich]

p.s can u tell me where exactly Axis is as I have an appartment at Silicon Arch?

[Imre]

100,000- 120,000 rent irrealistic at the DSO site , completion date as well.

[Kairi]

Remember it is free zone and close to Academic city, dubai land, etc....

[Kairi]

Axis Residences at Dubai Silicon Oasis is:

Located on the Emirates Road Within easy access of Dubai International Airport & Jebel Ali Port Close to Global Village, Dubailand
Well-connected with business district & residential communities of New Dubai
Easily accessible from leisure & entertainment hubs of Dubai.


- Developer’s Name: Gulf General Investment Company
(Developer for Emirates Crown and Horizon tower in Dubai Marina)
- Location Dubai Silicon Oasis
- Number of Storey B+G+8 Storey
- Plot No 11-039
- Accessibility Easy access from Emirates road and Al Alain Rd
- Completion Last quarter of 2008
- Building Amenities Swimming pools, fitness club, Sauna
- Parking Cost 50,000 each which is payable at the time of* completion
- Maintenance Cost AED 7/per sq.ft. fixed for first 2 years
- Views Swimming pool and Internal Road and Academic city View.
- No of Units 316 Units
- Construction Status Construction has already started its come up to 2nd floor.

[Wannaberich]

Still not convinced about 100-120.000.I have an appartment ready in Feb which I've been told can achieve 70-75.000 which I think is about right.I assume your an agent for this project Kairi?u shouldn't give false statements cos u know 100-120 is no-way.I also think the prices are way to much.Shame cos its a great payment plan.

[Kairi]

Wannaberich I am not agent....I just posted what info I got from Gowealthy .. so peoples can see what is Axis residence about...
also, I never lived in Dubai but I just want to see the reaction of the peoples to Gowealthy claims.

[Wannaberich]

KAIRI I've read some bad things about gowealthy but then every agent I guess is going to have happy and angry customers.Regards Axis,personally I think its too expensive,with parking its around 1050aed per sq ft,I have invested in DSO and mine and other buildings sell for 750 mainly.DSO I think will be a good area for rental eventually as hopefully IT companies will set up there although they dont seem to be rushing,plus its next to academic city.I'm not too sure who will rent at places like JV and DSC.The payment plan is the best thing about this project but like I say its just too expensive.

[Kairi]

I really like the payment plan...the price per sq ft for Axis Residence is aroud 1100 AED. In average based in what I saw for the projects under constructions in DSO, the price per sq ft is around 900 AED. You are right Wannaberich ....it is expensive
I think 20% of the value of the appartments is really low investment. Plus the building construction is already at the second floor ...and after a year or year and half, the rent will help to pay the monthly payments between 50% to 70% for the first couple of years and hopefully it will go to 100% in the last 2 to 3 years.
Usually when you buy OFF-PLAN with cheap price per sq ft...the delay of the project... and the heavy payments ...will be like investing your money without return for number of years of the delay...you will benefit only from the appreciation and selling your property at early stage...

[Wannaberich]

Kairi 1100 isnt just expensive its VERY expensive.I paid 750 in april and more recently i have seen launches for other places including La Vista in DSO for 750 also.If the property rose by 30% by completion then a 1 bed would cost be around 1.250.000 to sell! I think u would be left with an appartment u couldnt sell unless u really dropped the price,otherwise if u rented,that would cover around only 50/70% of the payments like u say.Great payment plan but I cant see the point of buying into this.

[Kairi]

I think if someone invest and keep the 1bed or studio for 6 years (someone does not have all the cash) is not a bad idea to buy

[Kairi]

http://www.ggicouae.com/index.php

[Kairi]

The building is at the fifth floor now.

[Wannaberich]

Originally Posted by Kairi

The building is at the fifth floor now.

Have u heard of an Axis II ?

[Kairi]

I did not hear about AXIS II. The best way is to contact the developer directly at:
http://www.ggicouae.com/contactus.php

[Kairi]

GGEICO just updated their web site and they starting showing all their DSO projects. It seems that they launch in future AXIS Residence 2, 3, 4, 5, 6, 7, and 8.
Link:
http://www.ggicouae.com/htm/divisions.htm