| TOP (1870) :Middle East (12) : Dubai (7)
Apartments in a New 5 Star Condo Hotel (The Cube) in Dubai Sports City (Off-Plan)
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| Property Group | Residential | | Property Type | Condominium | | Built | 2009 | | Waste System | Septic | | Parking for | 1 Car(s) | | Price | AED 1,150,000
For Sale |
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| Location | Dubai Sports City | | Nearest City | Dubai Sports City | | Living area | 65.89 sq/m | | Bedrooms | 1 | | Bathrooms | 1 | | Living Rooms | 1 |
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Project Description:
The Cube is a unique and innovative landmark tower that will occupy a prime location within Dubai Sports City. The Cube Condo Residence is the first German developed, designed and contracted tower to be built in Dubai and the world’s first integrated athletics, sports and lifestyle venue. In short, The Cube is prestigious condo residence delivering the highest quality finishes by wholesome detail and a zest for sports.
The Leadership in Energy and Environmental Design (LEED) Green Building Rating System™ encourages and accelerates global adoption of sustainable green building and development practices through the creation and implementation of universally understood and accepted tools and performance criteria.
As The Cube positions itself as the most prominent 5 Star hotel in Dubai Sports City aiming to attract the high profile international sports personalities, there have been additional features added to the hotel that boosts The Cube’s status as the premier location and more importantly for investors an increasingly high yielding investment opportunity with huge potential.
New features have been added at no additional cost to The Cube Investors, but to compliment the 5 Star Sporting Excellence offered by Dubai Sports City
1. Loxygen Systems – 1st Hotel in the World to offer High Altitude Simulation to athletes
2. Schletter Spa – Purpose build Sportspa designed with sports rehabilitation as the main focus
The Cube offers its owners a state of the art high end investment promising a minimum of 10% return on investment for the first 3yrs.
The Cube Specifics:
• Ultra-modern accommodation 581 apartments with Ground + 26 floors including studios, 1, 2 and 3 bedroom apartments.
• All apartments are generously sized, varying from 493 – 2,709 square feet (46-251 square metres)
• The majority of apartments open to a large balcony allowing for open style living al fresco with unparalleled views of the lakes, park and stadium.
• Quality finishes of the highest possible German standards run throughout, including use of marble and bright natural stone.
• All apartments will be fitted with high quality kitchen equipment.
• Maximized benefits of natural light with green, glass sculpture construction providing spectacular lighting which is maximized from all three sides of the building façade for a light and airy feel.
• Use of satinised glass for sight protection.
• High end, Robust living, environmentally aware, sporty.
• Basement levels allocated parking.
All set in the most prominent location in Dubai Sport City, amidst an urban lake landscape with gardens, waterfalls and the vibrant Sports City arenas.
5 star residency hotels in Dubai are becoming the investment choice for the smart investor. They are a no hassle way of generating high rental yields without the drawbacks of having to find tennants, maintaining the property and competing in the soon to be saturated apartment market in Dubai. The Cube offers a guaranteed 10% net income minimum after all costs have been taken out with the prospect of significantly higher returns using realistic room occupancy and rate figures.
Prices and Availability):
Availability from 1st to 10th floor only at this time:
Available Condo Hotel Units:
Type Total Area (sq.ft) Price Range (AED)
Min. Max. Varies
Studio 493 1,124 1,308,000+/-
Executive 1,055 1,872 2,025,000+/-
2-Bedroom Open 1,190 3,200,000+/- AED
At this stage in the sale of The Cube the developers have only released Floor 1-10.
The price per (sq.ft) increases as you get higher up the building, prices on the 1st floor start at 975dhs per sq.ft. All prices depend on size, location, floor number and view.
Frequently Asked Questions:
What is the cube?
The Cube is German!
It is the first German developed, designed and contracted tower to be built in Dubai and the worlds first integrated athletics, sports and lifestyle venue. In short, The Cube is an exclusive residential community underscored by wholesome detail and a zest for sports.
The Cube is a contemporary, 27 storey tower offering high-quality stylish studios, 1, 2, and 3 bedroom apartments. In addition to furnished apartment facilities, the Cube incorporates a variety of on-site recreational and well being amenities set within a spectacular urban landscape.
The Cube however goes way beyond having a fine home. It is a lifestyle, based on the good taste of its elements and the care taken in the natural adaptation of all its details.
Who are the developers of the cube?
BMG is an international German contractor based in Berlin who has delivered more than €4 billion in projects. BMG is headed by Gerd Wuhlert, who has based himself in Dubai to personally oversee this project ensuring that his high standards are maintained while facilitating the smooth completion of The Cube on schedule.
The Cube is financed by a German consortium led by Trend Capital.
Who are the architects of the cube?
The Cube is designed by the internationally renowned German architect firm, Bothe Richter Teherani. [BRT Engineering GmbH] is based in Hamburg, and has styled some of the world's most prestigious residential and office projects. BRT is noted for its architectural concepts and innovative product designs.
The local consultants are a reputable firm, Shankland Cox Limited and do business for more than 30 years in the U.A.E.
What makes the cube so different?
The architects, BRT, did not want The Cube to be just another tall skyscraper marking the Dubai horizon, but a secure, solid, private and modern, lifestyle complex capitalizing on sunlight and space, while using the highest quality in materials and creative luxury in architectural style. The Cube has been designed to merge city comfort and vitality with ecology and today's need for 'going green'. From its own illuminating stance set in the superbly designed landscape to a myriad of activities such as swimming and other sports makes this exclusive residence a cut above the rest.
What is included in the package?
Your property will be a specific apartment together with all the fixtures, fittings and finishes included as part of your Sale and Purchase Agreement. The apartment is handed over, fully furnished and with all home appliances.
Fully equipped kitchen with dishwasher*, oven, microwave and all electrical items
Washer and Dryer*
High Speed Internet Access
Home Theatre System with LCD multi-channel Satellite TV
IDD Telephone with voice mail
Safe
All owners will also have an undivided share in the common areas such as hallways, lifts, spa and pool.
Buyers may also purchase parking spaces.
The registration of the title is included as well.
Investment Opportunity:
The Cube offers a complete value added package both for its investors and its residents. The Cube is a stand alone project that represents a high end investment opportunity yielding minimum returns on investment.
The return on investment has been calculated using the most conservative figures the estimated return of 10% is based on the following assumptions:
• an estimated occupancy rate of 70% at AED700 per room per night
• capital appreciation per annum of 5% of the price of the apartment
• service charges of AED10 per square foot
• management fees of AED15 per square foot
• total rooms subject to the lease back 561
• a furniture replacement reserve of 5% of the gross revenue
• 335 days of room availability
• 30 days reserved for the owner with all owners taking their full entitlement.
Within the first 3yrs the Management company offers a guaranteed 10% return on investment through a rental pool system. All service charges, maintenance costs and management fees are already included during the first 3 yrs ensuring that this is a lucrative and self sustaining investment. Of course earnings can, and are expected to be much higher than 10%. Please see the current hotel and occupancy figures in Dubai’s market to reinforce the factor of potential earnings
After the 3yr period service fees and maintenance fees are deducted from the gross revenue of the rental pool, in addition there is a deduction of 5% for a sinking fund for the replacement of furniture and general up-keep of the apartments.
Once the deductions have been made there is a 50:50 split of the Net revenue shared between the operator and owner. It is in the management company’s best interest to keep the service and maintenance fees to a minimum since all deductions are made prior to the revenue split.
Expected Completion Date: Dec 2009
For further information including the latest availability and prices for this development please email us. |
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