FW: Park Towers

[Khashayar Azadi]

Dear All,

 

 

PARK TOWERS: Dubai International Financial Center

 

In this project there are 33 floors Residential & podiums 1 & 2 & 4 are the Retails and  Offices will be in podiums 5& 6 & 7 and 4 Floors each in tower A & tower B   A two-tower residential project in the heart of DIFC with freehold facility for UAE nationals and expatriates. Each tower is 33 storeys high, and offer approximately 432 exquisitely designed one, two and three bedroom apartments. Park Towers at DIFC offer panoramic views of the financial hub and provide the ultimate in exclusivity and comfort. With a choice of one, two, and three bedroom apartments in various configurations, The Residences at DIFC are bound to appeal to your discerning tastes. Poised to be the most sought after address in the world’s newest financial centre, the two towers are designed to provide you with a luxurious yet comfortable apartment - a masterpiece of contemporary architecture and distinct styling. The intelligent design of the towers ensures that every apartment has a wide balcony offering you the freedom to relax and enjoy the stunning views of the financial district, with its parks, cafés and entertainment facilities.   Availabilities

 

 

Payment Terms

 

Installment	Description	Milestone Event	Percent Value
DP	DEPOSIT	Immediate	40
I001	1ST INSTALLMENT	Within 60 days of Sale Date	5
I002	2ND INSTALLMENT	Within 120 days of Sale Date	5
I003	3RD INSTALLMENT	Within 180 Days of Sale Date	10
I004	4TH INSTALLMENT	Within 240 Days of Sale Date	15
I005	5TH INSTALLMENT	Within 300 days of Sale Date	15
I006	6TH INSTALLMENT	Within 360 days of Sale Date	10
		Total	100

 

Park Towers at DIFC   ( Dubai International Financial Centre)       Location: Dubai International Financial Center      Please Note: For any buyer who purchases any property in DIFC, Difc approval is required and The purchasers have to pay 3.5 % of the property value. The payments should be payable to DIFC either by “Wire Transfer” or a “Bank Draft”      Area Introduction: Located at the crossroads of the major international capital markets of New York and London (in the West) and Hong Kong (in the East), Dubai is the complementary hub connecting the region with the 24-hour/7 days a week global financial network.  The Government of Dubai for the benefit of the UAE and the region as a whole conceived the DIFC. Its remit is to create a regional capital market, offering investors and issuers of capital world-class regulations and standards. Its hallmarks are: integrity, transparency and efficiency.    The Dubai International Financial Centre will initially comprise the following key ‘sectors’ of activity: Banking Services Capital Markets Asset Management and Fund Registration Reinsurance Islamic Finance Ancillary Services Business Processing Operations       Project Features  The design was inspired by the evolution of Dubai and the towers provide panoramic views of Dubai and express the aspiration of modern living within a new and exciting urban development      Exclusive Features  World-class business center (additional), banquet hall and meeting room facility (additional), secured parking with one free parking bay (included), Security access control (included), Individual Post Boxes (included), Housekeeping (additional), Valet Parking (additional), Crèche       Facilities World-class recreational facilities featuring the most advanced temperature-controlled swimming pool, health club and gymnasium, spacious steam and sauna room, Jacuzzi, tennis court and barbecue area. Exquisitely designed lobby with a concierge desk offering 24-hour service. This leads to an adjoining, elevated coffee lounge projecting a dazzling view of DIFC. Business Centre offering everything you would expect from a 5 star hotel catering to all your business needs while at home. Facilities include high-speed Internet access, faxes, photocopying and a round the clock manned help desk. Banquet Hall and meeting room facility designed for private parties, gatherings, special occasions and business meetings. Exclusive services. The building also provides round-the-clock security, professional housekeeping, individual post boxes, and underground parking. Dine in style, in the towers executive restaurant or simply order room service from the restaurants kitchen.     Structure   As a new global jurisdiction for financial institutions, the DIFC offers its participants a highly attractive investment environment, including: 100 percent foreign ownership Zero percent tax rate on income and profits Wide network of double taxation treaties available to UAE incorporated entities No restrictions on foreign exchange or capital/profit repatriation Dollar denominated environment Transparent operating environment with high standards of rules and regulations Strict supervision and enforcement of money laundering laws Ultra modern office accommodation, state-of-the-art technology, sophisticated infrastructure, data protection/security, operational support and business continuity facilities of uncompromisingly high standards.       Regional Opportunity   A region with the largest untapped emerging market for financial services Between the international financial centers of Europe and South East Asia lies a region of 2.1 billion people and a combined economy worth $1.8 trillion in terms of GDP, growing at an annual rate in excess of 5 per cent. Yet, this great region, stretching from the western tip of North Africa to the eastern part of South Asia (comprising North and Eastern Africa, the Levant, the Caspian, the Indian Subcontinent and the GCC States), has to date not had a world-class financial centre. The Dubai International Financial Centre has been designed to: Attract liquidity back into investment opportunities within the region and contribute to its economic growth facilitate planned privatizations in the region and enable initial public offerings by privately owned companies, giving impetus to the programmer of deregulation and market liberalization throughout the region create added insurance and reinsurance capacity - 65 per cent of annual premiums are reinsured outside the region develop a global centre for Islamic Finance - this is now an over $260 billion international market serving large Islamic communities stretching from Malaysia and Indonesia to the United States The DIFC will act as a catalyst to the region ' s economic development - just as Wall Street, the City of London and Hong Kong have contributed to the growth of the US , European and Asian economies Since its launch, DIFC has attracted international firms such as Merrill Lynch , Morgan Stanley, Goldman Sachs, Mellon Global Investments, Barclays Capital, Credit Suisse and Deutsche Bank who have all applied for or received a license to operate from the DIFC.       Facts and Figures Land under development: 45 Hectares / 5million sft Around 40 Towers on a shared podium Built up area (including parking): 4 million square meters / 45 million sft total Gross Floor Area: 2 million square meters The DIFC Master plan consists of the following districts: The Gate District -  The Gate and 6 precinct buildings The Gate Village Park Avenue District   Central Park District The Centre Gate Boulevard The above districts will consist of office towers, residential towers and hotel properties. Over 45,000 knowledge workers in DIFC 32,600 car parking spaces in the DIFC Retail Spine provides air-conditioned main street Landscaped podium roof creates resort-like Business Environment There will be Cultural, Leisure and Community centers in the DIFC   An Internal Personal Rapid Transit (PRT) System to enable ease of movement both for the knowledge workers and residents of DIFC.           The DIFC will directly link to the Dubai Metro          Live The Luxury DAMAC Properties CO. LLC KhashayaR Azadi Senior Property Consultant Khashay...@damacgroup.com Dubai Media City, Damac Sales office fax: +971 4 3904797 mobile: +971 50 345 44 38 BlackBerry PIN: 20D12C16 www.damacproperties.com     NOTICE AND DISCLAIMER; Information transmitted in this e-mail is proprietary to the Damac Group of companies (“Damac”). It is intended only for the addressee and may contain private, confidential and/or privileged material. Review, re-transmission, dissemination, print or other use of this information by the person other than the intended recipient is strictly prohibited. If you have received this email in error please notify the sender immediately and delete this email from your system without copying or disseminating it or placing any reliance upon its contents. Damac cannot accept liability for any breaches of confidence arising through use of email. Any opinions expressed in this email (including any attachments) are those of the author only and do not necessarily reflect the opinions or intentions of Damac. Damac will not accept responsibility for any commitments made by our employees outside the scope of our business. Damac does not warrant the accuracy or completeness of such information. The email and the contents of any attachments are not legally binding in any way and may not be construed by the addressee or any other reader as any kind of representation or undertaking on our part or place any obligation on Damac. Any sums and proposed transactions mentioned in this email are for information purposes only and are not binding unless all legal and compliance documentation required for such transaction is executed.

 

---

Information transmitted in this e-mail is proprietary to the Damac Group of companies (“Damac”). It is intended only for the addressee and may contain private, confidential and/or privileged material. Review, re-transmission, dissemination, print or other use of this information by the person other than the intended recipient is strictly prohibited. If you have received this email in error please notify the sender immediately and delete this email from your system without copying or disseminating it or placing any reliance upon its contents. Damac cannot accept liability for any breaches of confidence arising through use of email. Any opinions expressed in this email (including any attachments) are those of the author only and do not necessarily reflect the opinions or intentions of Damac. Damac will not accept responsibility for any commitments made by our employees outside the scope of our business. Damac does not warrant the accuracy or completeness of such information.

The email and the contents of any attachments are not legally binding in any way and may not be construed by the addressee or any other reader as any kind of representation or undertaking on our part or place any obligation on Damac. Any sums and proposed transactions mentioned in this email are for information purposes only and are not binding unless all legal and compliance documentation required for such transaction is executed.

The recipient should check this email and any attachments for the presence of viruses. Damac accepts no liability for any damage caused by any virus transmitted by this email.