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Updated pictures from the site
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What is The Cove?
Presented within a five star luxury resort, The Cove has been much awaited.
The Cove extends across 50 acres and features 173 exclusive residences with private access to the beach. Featuring one, two and three bedroom chalets, the resort in which the project resides also includes a five star beach hotel property. Each chalet comprises its own terrace and a selection of chalet’s have their own private plunge pool.
The Cove represents the perfect blend of unique investment opportunity and location with the inclusion of a 7% guaranteed return fixed for 3 years. You investment can be enjoyed on an annual basis as a holiday home by you or your family for up to four weeks, in one week blocks if preferred.
The property also has the advantage of being leased by the seller for the first three years, and thereafter the purchaser has the option of renewing the leasing contract, selling the property, or the option of using the chalet as their exclusive luxury holiday home.
Where is The Cove?
The Cove sits on an idyllic water inlet on the Ras Al Khaimah beach front, just before you reach the town center. Located north of Dubai just 40 minutes from Dubai’s International Airport on the Emirates Road.
The Cove development is in close proximity to modern day necessity, including golf courses, shopping malls, supermarkets, international schools and hospitals.
When will the building be completed?
Building will commence in April 2005, with completion of the development estimated to be in summer 2007.
What are the Service Charges?
Maintenance fee is 12 dhs per square foot. This charge is incurred for the 4 weeks of occupation, during the first 3 years of the leasing period. After this period the standard annual maintenance charges will be assumed.
Is visitor parking available?
Visitor parking is available on the plateau level of the development giving easy access for guests to designated areas by gold carts.
Can I sell my property to a third party?
The property is fully transferable to a third party given that the 3rd payment has been made. The seller only requests the right of first refusal. There is also a point five (0.5%) administration fee for transfer of ownership.
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