Engel & Voelkers is very proud to present this exclusive two-bedroom apartment in Murano Residences, Al Furjan with a RENT TO OWN scheme:
You pay 25% of the purchase price (AED 670,000) within a three-year rental contract. That is AED 55,833 per year or AED 13,958 per quarter. You will pay the rent quarterly.
At the end of the three year period, you have two options: either you move out and walk away or you decide to finalize the purchase of the apartment. If you decide to buy the apartment you only need 75% of the purchase price. Mortgages providers will allow you to complete the purchase. Your three-year rental payments will be considered as a down payment for the apartment.
What fees will you need to pay:
5% rental commission ( AED 2,792)
5% security deposit (AED 2,792)
Deposit for DEWA
In case you decide to purchase the apartment after the three-year rental period, the following fees will be payable:
4% transfer fee for Dubai Land Department
Bank fees for the mortgage
Service charge to the developer
The Murano Residences is a high-end building with Italian finishes. There are two swimming pools, a Technogym equipped gym, kids play area and a BBQ area. Do not wait and call us today for more viewing.
Engel & Voelkers is one of the worlds leading service companies specializing in the brokerage of residential and commercial properties, yachts and aviation, with 800 offices in over 30 countries.