Payment Plan

Construction Timing and Completion Dates

Skeleton is complete, brick work and ceramics commencing soon.

Possession will be approximately 10 months

Loan Facility

Loans are available on all apartments. Payments are calculated on a monthly basis and payable quarterly in advance. Please see payment plan below for more details.

Payment Plans

	Option 1	Option 2
	Studio & one bedroom apartments	All apartments under £130,000 (except studio & 1 bedroom)	Apartments over £130,000
Reservation Fee	£1,000	£1,000	£1,000
On Exchange of Contract	£10,000	£15,000	£15,000
4 months after exchange of contract	£10,000 plus £1000 towards desalination plant.	£15,000 plus £1000 towards desalination plant.	£15,000 plus £1000 towards desalination plant.
8 months after exchange of contrac	£10,000	£10,000	£10,000
Balance	Balance on possession or over 10 years @ 6.9%	Balance on possession or £10,000 on possession and balance over 10 years @ 6.9%	Balance on possession or £30,000 on possession and balance over 10 years @ 6.9%

VAT and any balance or adjustment, on possession.

Guaranteed Rental Return

For the first 2 years of ownership we are offering a 5% per annum guaranteed rental return on all properties with 2 or more bedrooms. If purchasers opt out of this scheme we will offer a discount of 7% from the purchase price.

This offer is not available to purchasers who require finance.

Investor Discounts

For investors purchasing multiple properties the following discounts apply:

Number of properties purchased:	Discount on the sale price %
3	3
4	4
5	5
6	6
7	7
8	8
9	9
10 or more	10

Maintenance Costs

3 Bedroom apartments/ 4 Bedroom Penthouse apartments:

Deposit of £1,440 due on possession
£360 in advance every six months (monthly rate £60 from possession)

3 bedroom apartments with pool

Deposit of £1,800 due on possession
£450 in advance every six months (monthly rate is £75 from possession)

2 Bedroom apartments

Deposit of £1,200 due on possession
£300 in advance every six months (monthly rate is £50 from possession)

1 Bedroom apartments

Deposit of £960 due on possession
£240 in advance every six months (monthly rate is £40 from possession)

Studio apartments

Deposit of £720 due on possession
£180 in advance every six months (monthly rate is £30 from possession)

Desalination Plant

£1,000 due within 4 months of signing contract as a contribution towards the desalination plant.

Utility Services

Electricity: £25 per month (estimated cost based on average consumption)
Water rates: £4.50 per month
Utility connection and meter charges are the responsibility of the purchaser.

Property tax is payable annually, approximately 1ytl per sq meter.

Purchase Process:

Select desired apartment

Secure your chosen property with a £1000 reservation fee*
Instruct Lawyer (We do not endorse any specific lawyers, but can provide a list of lawyers previously used by our clients)
Lawyer conducts searches and reviews Contracts of Sale
Contract to be signed and Exchanged within 30 days of the reservation date. (subject to our terms and conditions)
Funds as per payment plan payable on Exchange of Contracts

* Please refer to our terms and conditions before you decide to proceed with a reservation.

Estimated Purchase Costs & Taxes

0.5% Stamp Duty, calculated against the sale value if paid within one month of the date of the sale contract. After this time the rate increases to 1.5%.

6% Transfer Tax, however every person has a once in a lifetime option to reduce this to 3%. Once this option has been used transfer fees on all future purchasers by that person will be 6%. Payable on the transfer of title.

5% VAT payable on possession

Capital Gains Tax does not apply to the sale of your first property