The Torch Apartments - Dubai Marina
Date Listed: 08 July 2010
[All properties listed in this development are private sales not from the developer] 1 BEDROOM APARTMENT - The Torch, Dubai Marina: Unit # T408 - This is a timeshare, weeks 3 and 4 for sale - The cost of the use of the apartment for weeks 3 and 4, for the next 12 years, (starting in Jan 2011) is £7000, with a final £1200 payable upon completion. After the 12 years the apartment is to be sold upon whence the client will receive his/her share of the proceeds. (This would be 38.46% of the net sale proceeds for the apartment) The owner has to pay an annual service charge of £250 per year, which pays for the upkeep, maintenance, concierge service and use of the facilities. Changeover day - Saturday.
*** 2 BEDROOM APARTMENT *** (for normal sale) - The Torch, Dubai Marina: Full marina view - Selling price with long term payment plan AED 1,891,919 plus fees -Construction work on The Torch is progressing well and will be nearing completion in Q4 2010.
Completion Date:
Q4 2010