I received a flyer from Dubai elect this morning about it. They're saying it will be cheaper and have a less onerous payment schedule than 'its neighbours' Marina Heights Tower and Ocean Heights - though I suspect it may not be to the same standard as the brochure was pretty sketchy at best.
This is exactly what my sister sent me (I didn't know my friends tower is going to be named The Torch) He has 3 other investors from the UK and its currently situated jin the SAME plot as emaar offices in marina (prime location). They are moving the emaar offices and will build the tower there:
Torch tower is Rahail's tower that he is building in the Dubai Marina. Our agency has exclusive rights to sell the tower. Rahail hasn't released the prices as of yet, but will email you the price list when he does. He is planning on the prelaunch to be in another 2-3 weeks. The payment plan is 10% upon registration, 20% within the first 6 months.. and then you fall into a 15 yr preapproved payment plan where you make the payments.. .don't know any other details yet, but tell your investor that the prelaunch will happen in about 2-3 weeks. Update you all soon.
From this information you can probably figure out the plot number.
The Tower is 74 storey high and what you need to know is that once the tower is exceeding certain level (40+) they will be almost 30% more expensive to build. Therefore this tower compare to other towers in its height such as Princess Tower (92 level) and Marina Pinnacle (68 level) is offering very compatative price range.
There are no Studios available... 1 bedroom, 2 and 3 bedroom apartments are offering view of direct sea, Marina and Golf Course view of Emirates Hills....
Mr. Rahail said 2-3 weeks... I think i am going to get a 1 bedroom in here as the rates are better than princess tower and looks promising after some research on location, etc. Let me know if any of you interested.
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