
Diamond Plaza: We are delighted
to announce the launch of the first phase of Diamond
Plaza our first project in Bahrain. Onyx House forms
part of our Diamond Plaza Development, a 3-Tower
residential development overlooking the Persian
Gulf.
Situated within the Al Hoora District,
close to Bahrain City centre in Manama, the studio,
one, two and three bedroom apartments are ideal
for both investors and owner occupiers alike.
Onyx House comprises of 290 stunning
apartments and is only a part of a total of 1,020
apartments within the Diamond Plaza complex.
This luxury apartment residence
tower will be managed by Bridgestreet Worlwide,
a wholly owned subsiduary of Interstate Hotel &
Resorts. This is the largest hotel management company
in the United States and will redefine 5-star serviced
apartment living here in Bahrain.
Within the development occupiers
will benefit from a state of the art health spa
and pool area, as well as having access to all of
the retail outlets and restaurants that are situated
on the ground floor. Each apartment also has its
own covered parking space.
Contents:
Property Key Features
Include:
-
Full freehold
ownership Stunning fully furnished studio, one,
two and three bedroom apartments
-
State of the
art health spa and pool area
-
Mix of retails
and restaurants
-
Located with
easy access to the financial district Situated
on a Peninsula with great views over the Persian
Gulf
-
Within easy access
of the business district and airport
-
24 hour security
-
24 hour room
service
-
Fully managed
by Bridgestreet Worldwide
-
Non status finance
available Additional
Investment
Features Include:
Fully furnished
Apartment Specification:
-
Living area flooring,
granite tiled and wooden parkette.
-
Balcony: Semi
polished porcelain tiles
-
Bathrooms: ceramic
tiles
-
Kitchen: Italian
marble Kitchen Furnishing:
-
European designed
units having aluminium carcass & solid wood doors
with granite work surfaces.
-
Bedrooms: Built
in wardrobes High speed internet access in all
rooms.
-
Telephone points
in all rooms SMATV Back to Top
9% rental Guarantee
for the first 3 years
60% of the generated
revenue for the first 20 years (re newable). Very
high forecast rental yields (see table below) Rental
Forecast:
Payment Schedule:
Option 1: 50% Finance
is available from the developer. If this can be paid
in a lump sum up front, then no further payment is
required until completion (finance will be interest
free).
At completion the mortgage
will start at a rate of 7.95% over a 5 or 10 year
period.
Option 2: If the purchaser
decides to follow the usual payment schedule laid
out below and requires finance then this will be available
once 50% has been paid (4th installment).
The remaining payments
will be interest only until completion at which point
the mortgage will commence at a rate of 7.95% over
a 5 or 10 year period.
Payment Plan
-
DEPOSIT 10% Payable
within 7 days of signing Irrevocable Intent form
-
1st Installment
-
10% Within 30
days of Irrevocable Intent form
-
2nd Installment
10% Within 90 days of Irrevocable Intent form
-
3rd Installment
10% On completion of podium
-
4th Installment
10% On completion of 6th floor structure
-
5th Installment
15% On completion of 12th floor structure
-
6th Installment
15% On completion of structure
-
7th Installment
20% On completion
Prices and
availability:
Studio apartments
from 618,442AED (88,348 GBP)
1 bedroom apartments
from 736,674AED (104,953 GBP)
2 bedroom apartments
from 909,474AED (129,924 GBP)
3 bedroom apartments
from 1,409,684 AED (201,383 GBP)
Please note: The
prices provided above are accurate at the time of
publication and are fixed in AED. The prices may
change according time, availability and exchange
rates, so please contact us for the latest details.
Why Invest
in Bahrain Property?:
-
Location: Bahrain
is situated in the heart of the Arabian Gulf.
-
Central staging
post for trading routes between
-
East and West
Frequently attracts the GCC's most affluent nationals
from KSA with highest GDP.
-
Bahrain is the
major trading port due to its ideal position of
the island.
-
Bahrain property
provides prime sea views and residential construction
boom is only just beginning.
-
Bahrain Government
proactively encourage growth of foreign direct
investment and private enterprise.
-
Bahrain is the
fastest growing economy in the Arab World (source;
United Nations Economic and Social Commission
for Western Asia- January 2006)
-
Bahrain has the
freest economy in the Middle East (source; Index
of Economic Freedom. Wall street journal 2006)
-
No taxation including
personal income, wealth taxes, capital gains,
death duty taxes and inheritance tax. Lower costs
of living than GCC neighbours.
-
Higher quality
of life. Financial capital of the Middle East,
Bahrain financial harbour. Bahrain has the most
developed telecommunications in the GCC.
-
Bahrain's legal
system ensures that the rights of international
investors are protected. Bahrain property is on
the brink of a major development boom;
Market:
Current hotel occupancy
rates at 75% throughout Bahrain Average 4/5 star
nightly room rate in 880AED.
Major influx of middle
class expatriate professionals seeking high quality
rental accommodation.
For further information
including the latest availability and prices for
this development please contact one of our sales
team:
Contact
us