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ROThe Waves Grande residential complex in Dubai
The Waves Grande residential complex is a new project from the real estate developer Sobha Realty, a company that holds a leading position in the luxury real estate market in the Middle East. It is a 36-storey multifamily building, with construction expected to be completed in the first quarter of next year (presumably in March) as per the master plan. The premium-class residential complex includes apartments with one to three bedrooms and duplexes with four bedrooms, as well as a wide range of common area amenities that‘ll provide future residents with a high level of comfort and numerous opportunities for leisure activities. The project will be part of one of the largest multifunctional communities in Dubai, attracting real estate buyers with its developed infrastructure, extensive greenery and the largest artificial lagoon on the planet.
Real estate in Mohammed Bin Rashid City, Dubai, UAE
As per the initial plan, the construction process of the multifunctional community was supposed to be completed in 2020. Although, at present, a large part is already ready for occupation, the general contractor has decided to expand the project. It’s expected that as the district develops, it will become the new centre of the emirate. This is why local real estate is highly sought after by investors.
The assortment of residential real estate located within the community consists mainly of multifamily complexes and closed clusters with villas and townhouses. The former includes types of residences such as studios, apartments with one to three bedrooms, as well as penthouses and duplexes with four or more bedrooms. The layouts of the villas and townhouses typically have four to eight bedrooms. Each residential unit is built as per the green building standards, allowing owners to save energy and lead an environmentally friendly lifestyle with minimal impact on the surrounding environment.
The district also attracts investors and entrepreneurs with a wide selection of commercial real estate. Here, one can find retail and office spaces, hotel apartments, food and beverage establishments and warehouse facilities.
The sale of real estate in Waves Grande
Currently, the Waves Grande residential complex is in the construction stage, and as a result, buyers interested in local residences are offered advantageous deals. Off-plan properties are priced lower than completed real estate. Premium duplexes and apartments are anticipated to increase in value as the project approaches completion, as the developer has retained the right to adjust prices. Currently, prices range from AED 1.5 - AED 4 million (approximately USD 417,000 to USD 1.1 million), but it‘s necessary to confirm the actual property value directly before making a purchase.
Investors and regular buyers who enter into a deal during the construction stage may also take advantage of a flexible payment schedule. Within this framework, they must make a 10% initial payment to reserve the property and cover 50% of its cost in stages (10% at 3, 12, 15, 24 and 30 months from the date of reservation). The remaining amount must be paid upon completion of the project.
Are you planning to purchase property in Waves Grande? Our specialists can assist you in securing a deal and obtaining maximum benefits. Contact them to find the most suitable property for your preferences, as well as receive support throughout the acquisition process and top-notch after-sales service.
