Jul 7, 2024
Sky Residences
Interst Free 8 year payment plan
The last tower of Sky Residences in Expo City is selling out rapidly, marking the final opportunity to own a home in this prestigious development.
1 Beds from AED 1.6 - 1.95 M
Only 3 left2 Beds - from AED 2.5 - 2.9 M
1370 - 1500 sf3 Beds - from AED 4.2 - 4.5 M
2,100 - 2,200 sf
Prices at Sky Residence range from AED 1800 - 2100 psf
This price point also has built in an 8 year interest free payment-plan.
If you get a mortgage on a AED 1,700,000 property with a 25% down-payment; over 10 years you’re paying an additional AED 400,000 in interest.
At Expo - you can buy one of the remaining 1 beds at AED 1,700,000... and considering the 5 year post-handover payment-plan & rental-income; net cash outflow would be AED 1.3 - 1.5 M.
The above table is indicative / back of the envelope - and one can adjust your rental projections.
The more aggressive assumption on rent can be made if we factor in short term rental potential. Not every Dubai neighborhood is suitable for short-term rental and the market is quite saturated.
Considering the Expo district
Hardly any hotels in the area - but they will come
Only 3 residences in the existing master-plan; supply will come in 2026.
Expo, Exhibitions & Conferencing
Expansion of Maktoum International
15,000 projected working pop. in district.
Business travelers
Expo City is the downtown of this entire western side of Dubai.
To understand Dubai South and the various projects towards its suburbs in more detail:
Consider following us on youtube, instagram - or contact your rep at Seeking Dubai. We'd love to give you a detailed brief on this emerging belt of the city.
Have a great rest of the weekend ahead .