Starting Price AED 363,000

Studio, 1,2 & 3

Apartments

from 450 Sqft.

Q4 2020

V Tower By Tiger Group

Overview
V Tower is an elegant tower comprising of incredible furnished apartment situated at one of the most sought-after areas of Dubai Residential Complex. It is the fantastic project of Tiger set to redefine distinction!

V Tower is the amazing project of Tiger Group situated at one of the most desirable localities of Dubai Residential Complex, strategically positioned near to Liwan. Modernized interiors, state of the art amenities, incredible views, and also a convenient location create a unique style of living. Besides, offering unlimited access to Dubai’s major landmarks, sense of tardiness is a thing of the past!

In addition, V Tower is the statement of modernity. In other words, world-class amenities of the highest quality create a new style of living in which modernity is above all else. Besides, these incredible apartments are the embodiment of royal lifestyle. So, get immersed in the superlative amenities to experience the true meaning of prosperity.

Investment Highlights
  • Swimming pool
  • Gym
  • 24 hour maintenance
  • Parking
  • Kids’ play area
  • Security cameras 24 hour





Payment Plan

Installment Milestone Payment (%)
1st Installment Down Payment 10%
2nd Installment During Construction 30%
3rd Installment On Handover 10%
4th Installment After Handover in 4 Years 50%

Location Map

  • 10 mins to Dubai Outlet Mall
  • 11 mins to Hamdan Bin Moh Smart University
  • 12 mins to Dubai Silicon Oasis
  • 20 mins to Dubai Mall
  • 16 mins to IMG Worlds of Adventure
  • 13 mins to Zayed University
  • 23 mins to Miracle Gardens
  • 25 mins to City Center Mirdif
  • 25 mins to Dubai International Airport
frequently asked questions
An off-plan property is an unconstructed property purchased directly from a developer or in some cases a first owner. In the case where the buyer is buying directly from the developer at time of purchase the buyer usually pays a 10-20% down payment and signs SPA (Sales Purchase Agreement). Depending on which developer the rest of payments made can and do vary but are usually linked to construction. Buying an Off plan property allows investors to get a purchase price at the earliest and lowest possible price. It also allows buyers to choose the very best apartments in a particular development. This plays a big part in increasing the chances of gaining the maximum return on their investment.
Numerous measures have been put in place in order to ensure the Dubai market is a stable and secure market to invest in. One of these measures has a direct impact on buyers who look to sell their off plan property before completion. Dubai’s largest developer Emaar Properties now requires owners to have 40% of their off plan property paid off before it can be sold to a new owner. This figure of 40% does vary from developer to developer so it’s important to check with each developer.

Once the minim repayment threshold has been met the process of selling an off-plan property is very similar to selling a ready property. Buyers and seller agree to price and terms, sign contracts and apply for NOC where the new buyer is registered with the developer and ultimately takes over all the outstanding payments once transfer is complete. It is also worth nothing that contrary to popular belief the new buyer is responsible for the 4% DLD Transfer Fee regardless of the fact this has already been paid by the first buyer.
There is no doubt that the Dubai off plan property market has been running hot over the last 2 years. In fact, in the year 2017, the number of off-plan transactions both cash and mortgage was higher than the that of the secondary or ‘ready market’ as its often referred to. The major developers are offering terms and payment plans never seen before and the buyers are more than willing to take advantage.

As most buyers are well aware the maximum loan to value ratio or as it often referred to “LVR” for a ready property is 75%. This basically means that if the property being purchased is say, 1,000,000 the maximum amount the bank will lend against that property is 750,000 or 75%.

In the case of an off-plan purchase, the maximum LTV ratio is 50% and it’s a percentage that applies to both UAE nationals as well as expats. So as in the previous example, if the property being purchased is say 1,000,000 the maximum amount the bank will lend against that property is 500,000 or 50%. It is also important to note that the 50% finance can only be done so once the buyer has paid 50% or more of the property and not before. This means any potential buyer must have enough cash funds to cover at least 50% of the property being purchased.
Buying off-plan property is the easiest buying process in Dubai, but working with an experience agency that has great long-standing relationships with developers will give you access to the best variety of choice. Your agent will be working for you, representing you and making sure everything is in order with the contracts, project updates, and handover process. A good off-plan agent will be registered with all off-plan projects and developers in the market to bring you the best possible opportunities.

Your agent will match your needs and requirements to available projects. Your agent will give you all the information, floor plans, payment plans, brochures, videos etc. to help you make a more informed decision. Some developers also set up ‘mock properties’ to show the materials being used, layouts, sizes, facilities and amenities. Your agent will take you at request along for a site visit if possible.
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Meet the Expert
Arshad Mulla
Director - Off Plan Property
Call or WhatsApp : +971 554568786

Make an Enquiry

Suite 405 Apricot Towers
Dubai Silicon Oasis
Dubai, UAE
General Enquiries
sales@sparefoot.ae
Call Us Today!
+971 554 568 786