Residential project The Ritz Carlton Residences
The Ritz Carlton Residences is a luxury 18-storey residential project. Buyers of off-plan property in The Ritz Carlton Residences are offered a favorable payment scheme. According to this scheme, 50% of the property cost is paid during construction. The remaining 50% is paid after the construction is finished. This option allows you to buy property in The Ritz Carlton Residences with a limited budget without applying for a mortgage. The completion of construction is due to the second quarter of 2025.
Property in Business Bay, Dubai, UAE
Business Bay is the business hub of Dubai, which has a convenient location. Its construction began in 2003, and all real estate here meets modern requirements for comfort. The neighborhood is home to the most popular landmark towers that create Dubai’s stunning skyline. Almost all projects have both residential and commercial properties.
In addition, the community is one of Dubai’s free zones where foreigners can buy property and their rightful owner. Buyers are offered studio units, 1-3-bedroom apartments as well as spacious penthouses and duplexes. The average cost of a small apartment is AED 815,000 ($222,000). In projects that are at the start of sales, you can find even more profitable offers. The final price of housing depends on the number of bedrooms, size and interior design.
Properties for sale in The Ritz Carlton Residences
Those who are planning to move to Dubai or looking to invest in housing can consider 1-4-bedroom residences. The apartments are sold with an exclusive interior design, which was developed by architects and designers from France and Italy. Prices for one-bedroom residences start at AED 6.2 million ($1.68 million). This amount of investment is enough to obtain a ten-year resident visa for yourself and family members to move to the UAE. You can also buy an apartment in The Ritz Carlton Residences as a buy-to-live option. Rentals in this neighborhood are always in high demand.