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Leaseback Property in Dubai The Wealthbuilder Leaseback programme The “Wealthbuilder” leaseback programme offered with The Diamond in Dubai presents investors the best possible prospect to maximise their investment through buy to let properties. Leaseback schemes have become very popular within many overseas property markets and Dubai property is no different. These schemes work in the following way; the buyer/investor purchases the freehold property, and then leases that property back to a professional management company.
Let the professionals take control The designated management company will focus on all areas of the rental market, including tourists, business lets and long term lets, in order to get the best possible occupancy levels for your particular property and the development as a whole. Once you have made a purchase, you can just sit back and plan how to spend your returns, safe in the knowledge that your turn key property is in the hands of the experts. Rental returns are paid every quarter into the designated account of choice.
15% net annual rental income Annual return through the scheme is calculated with a number of different criteria in mind. Firstly, the gross rental income from all apartments is pooled together and then the management fee, maintenance charges, utilities, and insurances are deducted to leave the net amount which is distributed between all the owners on an apartment grading basis. Income will depend on rates charged for each apartment and occupancy levels with projected return on investment for The Diamond to be around 15% considering current market figures in Dubai. With this sort on investment opportunity there are a couple of frequently asked questions that it is worth clearing up for you. |
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