AreaBahrainRegionCity,Beach,ResortTypesApartmentInvestment TypeHoliday HomeStarting Price£111413.06Bedrooms2Status- Off Plan -
70% OFF PLAN MORTGAGE NOW CONFIRMEDFIRST STAGE PAYMENT 30%12 Apartments Availablefirst come first servedPrices and Availability - please enquire for latest availabilityStage Payments and Mortgages£3175 Reservation and Arrangement fee1st stage Payment = 30% minus Reservation fee – 28 days from reservationThere is now a 70% LTV off plan mortgage available, Interest rates from 9 – 9.5%, repayments can be paid either from the start or on completion - please enquire for more information onmortgagesCountry: Kingdom of Bahrain Location: JuffairDevelopment name: Juffair Lofts one and twoAll units will be built to high standards and specifications and will have the use of the onsite gymnasium and a shared poolDeposit is 30% of the purchase pricePrices start from 715.00 Bahraini dinar per m² approximately £931.00 per m²Clients will receive a residency visa on purchase12 month rental contract available Rental fee is one months rent payable to the agent 6hr flight from the UK with Gulf Air and British AirwaysThe Kingdom of Bahrain is a Tax Free havenBahrain has experienced an increase in property prices of 35% year on year over the last 3 yearsTo reserve a unit please call01273 705630normal reservation procedures applyReservation fee of £3000 along with £175 arrangement fee.Deposit of 30% will be due 28 days from reservation.Two bedroom apartments, from 108 sq metres. Premium location on the waters edge of the Persian Gulf, with panoramic views, constructed to a very high standard and with luxurious spec.FeaturesThere will be gym and pool facilities. High rental demand.Excellent discounts for off-plan purchasers.PricePrices start at 715 Bahraini Dinar per sq. metre and increase by 2% per floor level (currently around £935 per sq metre).Other informationIt has only been possible for expatriates to buy in the Kingdom over the last three years and prices have risen by 35% over this period. Up to 70% of residents are expats which means rental demand is extremely high. Mortgages are available from local banks. A residency visa is issued with each purchase, allowing the buyer to open a bank account. Bahrain is tax free. Rental contracts are for a 12 month period.Our ViewRental demand from middle management is exceptionally high and the ability to open a bank account means there are huge tax breaks. For an early doors investor, this is a superb opportunity and we are confident these will sell out rapidly when launched.It is an 18 month build and this commences in December 2007. On average rental prices will be around £1000 per month depending which flooryou purchase on.