orbit tower
TRANSCRIPT
Eleva&on
Project Summary
• Land Size : 44,497 sq1 • Sellable BUA : 246,369 sq1 (approved) • Building configuraDon : 3B+G+20 (approved) • Type : Mixed use : Commercial / ResidenDal / Hotel Apartments
• LocaDon : Dubai Sports City
Current Status • Land fully paid. • Zero debt. • Project has not been launched thus no units have been
sold. • All sports city, land department, RERA permissions and
approvals granted. • Permission granted as a commercial tower but can be
changed to residenDal or hotel apartments very easily. • Project cancellaDon underway, which would enable
buyer to re-‐register project as they like or use previous project details.
Es&mated Financials • Project purchase price: 65,000,000AED
– This includes land, government permissions, licensing, master developer permissions. – This also includes the 6m already sped on the consultants architects and excavaDon work.
• ConstrucDon cost (esDmated): 350 AED/sq1 (86,210,000AED) • PotenDal to be raised by a bank or other financial insDtuDon. • Misc. cost (sports city, consultants, architects, legal etc): 5,000,000 AED EsDmated • Expected sale price: 900AED (222,500,000AED)
– (current price in sports city: 800 -‐ 1250 AED/sq1 – EsDmated construcDon Dme of 18-‐24 months
• EsDmated profit: 70,000,000AED
Current prices in Sports City
• Canal Residences : 1250 AED/sq1 • Elite Sports Residences : 900 AED/sq1 • The Medalist : 1000 AED/sq1 All prices are approximate
Loca&on Map
Documents
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