DAMAC has launched a new exclusive residential project - DAMAC Lagoon
Rising above the ever-popular Burj Khalifa district, Marquise Square was launched by the Dubai-based property developer SRG Holding back in Q2 2016 to address the shortage of studios within the area. The stunning AED 734M (USD 200M) tower consists of 30 floors and features a total of 416 residences available for sale and to rent. The Marquise Square is offering property buyers and tenants large studios, as well as 1, 2 and 3-bedroom apartments with dedicated parking spaces for each unit, among other amenities. Meanwhile, the starting price for a 1-bedroom apartment is AED 900,000 (USD 245,000).
Besides a beautiful view of Burj Khalifa and Dubai Canal, all apartments in the residential tower boast premium finishing and fittings. Thus, there are high-quality Italian tiles, European-made LED lighting, bespoke laminated European-made doors and matte black handles to be found in each property. As well as that, all bedrooms feature fitted wardrobes for the utmost comfort of residents. There are also LEGRAND light switches and power sockets and TV, telephone and data points installed in each apartment. As for kitchens, home owners can benefit from composite stone worktops and splashbacks with high-end quartz and a lighting feature under wall units, as well as STOSA Italian-made cabinets and fully integrated top of the range Siemens appliances. Other than that, all apartments in Marquise Square are leased and sold unfurnished, providing buyers and tenants with an exciting opportunity to customize living and dining spaces according to their personal preferences.
As well as all the above, property ownership in Marquise Square grants unlimited access to a set of world-class facilities onsite. Residents have restaurant and bar outlets, a state-of-the-art gym, a podium-level swimming pool with a children’s pool, a health club, a multifunctional outdoor court and a children’s play area at their full disposal.
Although the construction of Marquise Square was completed in Q1 2019, there is an innovative ownership scheme available, allowing investors to pay for a property in instalments over a 36-month period. Aimed at those who may have insufficient funds to buy a home straight away, the scheme opens up ownership opportunities for many families, young professionals and investors making their first step on the property ladder in Dubai. Since the development is now owned by SRG Holding in partnership with Seven Tides, buyers also have an option to enter a guaranteed rental scheme of 7% over 5 years with an annual service charge of AED 16.5 (USD 4.5) per sqft.
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