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Rent to Own | Brand New | Unfurnished

Apartment, Buy | United Arab Emirates, Dubai, Al Furjan, Murano Residences
Asking price-Icon
1,080,000 AED
Approx. 293,708 USD
Asking price
Bedrooms-Icon
2
Bedrooms
Bathrooms-Icon
3
Bathrooms
Square Footage-Icon
1,191 sqft
Square Footage
Asking price-Icon
1,080,000 AED
Approx. 293,708 USD
Asking price

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What you should know about this apartment


Amenities and special features of this apartment

Engel & Voelkers is very proud to present this exclusive one-bedroom apartment in Murano Residences, Al Furjan with a RENT TO OWN scheme:

You pay 25% of the purchase price (AED 1,080,000) within a three-year rental contract. That is AED 90,000 per year or AED 22,500 per quarter. You will pay the rent quarterly.

At the end of the three year period, you have two options: either you move out and walk away or you decide to finalize the purchase of the apartment. If you decide to buy the apartment you only need 75% of the purchase price. Mortgages providers will allow you to complete the purchase. Your three-year rental payments will be considered as a down payment for the apartment.

What fees will you need to pay:

5% rental commission ( AED 4,500)
5% security deposit (AED 4,500)
Deposit for DEWA

In case you decide to purchase the apartment after the three-year rental period, the following fees will be payable:

4% transfer fee for Dubai Land Department
Bank fees for the mortgage
AED 12 per sqft service charge towards the owners association
No sales commission payable to E&V

The Murano Residences is a family-friendly with a kids pool, kids play area and a new school across the road. The parents also enjoy a pool, a Technogym equipped gym and a BBQ area.

Engel & Voelkers is one of the worlds leading service companies specializing in the brokerage of residential and commercial properties, yachts and aviation, with 800 offices in over 30 countries.


Murano Residences: Location and surroundings of this property

Al Furjan, a contemporary and family-oriented community, depicts the principles of traditional neighborhood living, combining spacious villas and apartments with abundant open spaces and luxury amenities which makes the community an ideal residential choice for families and professionals.Engel & Voelkers is one of the world's leading service companies specializing in the brokerage of residential and commercial properties, yachts and aviation, with 800 offices in over 30 countries. Contact Engel & Voelkers today or visit www.engelvoelkers.com/dubai for further details.


Contact your personal advisor
Engel & Völkers EV Real Estate Brokerage LLC
  • Dubai MMC · 16081
  • License partner of Engel & Völkers Residential GmbH
  • Michael Hof · 33675
  • Nakheel Sales Center, Building 7, Al Sufouh 1
  • 17722 Dubai · United Arab Emirates
  • Phone: +971 44223500
  • DLD Permit No. 0201914844
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Engel & Völkers Dubai disclaims any and all warranty and liability for the correctness,up-to-dateness and completeness of the information and data provided on this advertisement.This applies to any other directly or indirectly specified websites to which Engel & Völkers Dubai refers to or which are hyperlinked to our website. Engel & Völkers Dubai is not liable for the content of the information provided.


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