Renting property in Dubai would seem like a good idea at present, with rental rates falling to acceptable levels. However, when you take a medium to long term view at the financial implications of renting property, it is quite obvious that a significant percentage of your earnings is really being cast off into oblivion. This is in addition to the lost supplementary income generation opportunity in the form of rental & capital earnings potential on owned property.
Our selection of affordable properties within Ritaj, combined with competitive payment plans through select local banks gives you the opportunity to own your own property at monthly payment outflows that are comparable to your current rental payouts for similarly classified units at other locations. The added benefits of future rental and capital gains potential make this offering an opportunity not to be missed.
Online PR News – 16-July-2010 – – Dubai Investments Real Estate Company (DIRC), the real estate arm of Dubai Investments, has recently completed the handover of Phase 1 of Ritaj - a modern residential complex located in Dubai Investments Park which epitomises the concept of affordable luxury. Ritaj provides an uncluttered, spacious residential environment with over 2,000 elegant apartments that are perfectly suited to fulfil the requirements of end-users looking for affordable family housing as well as the corporate housing segment.
A ready-to-occupy project, Ritaj is an elegant, sustainable and self-contained development that offers a choice of spacious studio, one and two and three bedroom apartments with fitted kitchens and secure, covered parking spaces. Landscaped gardens, a mosque, a nursery and a prominent community shopping centre are just a few of the amenities and facilities that complement a true community lifestyle. DIRC are currently offering extremely tenable and market-aligned payment plans that provide much needed relief to end-users straddled with ongoing rental payments and corporate entities stuck with significant HRA expenses.
The presence of a significant number of corporate entities and manufacturing establishments within DIP and the greater Jebel Ali area also provides a ready market for a considerable bulk of good quality residential accommodation. Consequently, the project will stand to be an excellent platform for investors to rely on, with the possibility of strong investment returns via robust rental income generation and long-term capital gains.
Ritaj is currently being offered to the market in association with UKCIG Real Estate Brokers, a prominent Dubai-based real estate brokerage firm, who are leading the sales and marketing efforts on the project.
For more information visit http://www.ukcigreb.com/ritaj