COLLECTIVE 2.0 Residence At Dubai Hills Estate Buy Off Plan Apartment Dubai Properties For Sale Dubai Hills Estate

COLLECTIVE 2.0 Residence At Dubai Hills Estate Buy Off Plan Apartment Dubai Properties For Sale

from

$238,127.66

Dubai Hills Estate

Down Payment

10%

Apartment

by Jan 2024

1/2

From 668

Community

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Investment Analysis Report (IAR)

If you are looking for property investment opportunity with the above listing, We can provide you with the following Up-to-Date Investment Analysis which includes

Market Insights
Transaction Insights
ROI
Cap Rate
Cash on Cash Rate
Rental Yield
Return on Equity

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Property Overview

Overlooking the bustling Dubai Hills Boulevard, Collective 2.0 caters to the millennials of Dubai with a collaborative and social setting, extraordinary amenities and places to work, study or just hang out. Set in DUBAI HILLS ESTATE, the lifestyle at Collective 2.0 is further complemented with the grand Dubai Hills Park, Dubai Hills Mall and a Boulevard that meet your every need and desire.

Nestled alongside Rove Hotel and Business Park, Collective 2.0 has the perfect location for a chic urban lifestyle. Enjoy trendy shopping venues at Dubai Hills Boulevard, meet friends at the vibrant Dubai Hills Park, or explore over 650 shopping and dining outlets at the Dubai Hills Mall. With access to Al Khail Road and the nearby metro station, Downtown Dubai is just moments away.

Collective 2.0 is the ideal place for those who enjoy making friends and having an active lifestyle. From the casual atmosphere of the lobby to the informal library to the buzzing open-plan area, you can hang out, lounge, read, meditate, work, socialise and make new friends.

Iconic Destinations

Dubai Mall

19 mins

Burj Khalifa

21 mins

Dubai Marina

32 mins

Jumeirah Beach

25 mins

Dubai Airport

16 mins

Dubai Hills Mall

5 Min

Property Data

Floor Plans
Property Brochures if available
Payment Plans
Possible Different Layouts

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Property Amenities

DUBAI HILLS PARK

DUBAI HILLS MALL

URBAN BEACH & SPLASH PAD

18-HOLE GOLF COURSE

FULLY-EQUIPPED HEALTH CLUB

Area Price change

All Prices in AED

Payment Plan

Down Payment on Booking

10%

During Construction

45%

On Handover

5% at completion

Post Handover

40% within 24 months

Mortgage Calculator

Property Location

divi discount

Nearby Entertainment

Nearby Schools

Dubai Property For Sales. You Can Buy your Dream Home either Apartment or Villa from PREMIER HEIGHTS REAL ESTATE in Dubai. We will provide full buyer consultation service until handover. We can guide you to purchase your property for Family needs or investemnt needs. We will provide you with the best Market Data info to help you decide in your property purchase. We will offer the best mortgage rates available and negotiate the best prices we can bring you to the table. You can Buy Off plan Property , Ready Property and Secondary Market Properties. We can help you and consult you in purchasing commercial units. Does it stop only here ? No , We can provide after sale services which incldue Resaling , Marketing , Home Improvement & Home Management. We can Help you setup your Business and provide you with the arsenal tools to succeed in Dubai Market. Dubai Properties Off Plan Sale

Dubai Properties Off Plan Sale

Property Review

Based on 2 reviews

Buyer Services

Best Mortgage Rates Assistance
Golden Visa Assistance
Buyer Consultation until Handover
Financing & Legal Advises
Property Snagging
Sales Progression
Relocation
And more ..

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Why Choosing Us?

We are here to help you to put the right decision to purchase your dream property. Let's communicate and feel free to reach us.

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Address
Office 202, Building C, Al Saaha Offices Souk Al Bahar Old Town Island، Burj Khalifa District - Dubai

Contact Details
+97147701845

PREMIER HEIGHTS DUBAI

Frequently Asked Questions

Do you provide Mortgage Assistance ?

Yes , as property consultants , we will provide a 360 degree financing consultation to buy your property and we have a range of financial proposals to select from. We will also help you in:

Fastest Approvals
Exclusive Rates and Terms
Lowest Paperwork
No Hidden Charges or Extra Payments
Flexible & Convenient Payment Plans

What Mortgage Type available for me ?

Mortgage loans have various types, mainly differing on interest rates and their calculations.

Fixed Rate Mortgages

A fixed interest rate from the beginning to the end of the loan term. This solution is easier for you to plan and make your payments.

Variable Rate Mortgage

a Variable interest rate and is always changing. It follows the interest rate as regulated by Emirates Interbank Offered Rate (EIBOR). Here, you don’t know how much interest you will have to pay in your next Equated Monthly Installment (EMI), But it can be useful also as sometimes rates can become very low from time to time.

Discounted Rate Mortgage

This provide you with highly attractive mortgage rates, but they are offered on limited time. After that period, a higher interest rate is applicable to the principal amount. If you choose to pay off the loan within the discounted period, you will save a lot of money in terms of total interest to be paid.

Capped Mortgage

An adjustable-rate mortgage. This follows the Emirates Interbank Offered Rate (EIBOR) rate as the basis for interest calculations, but there is an upper limit set for the interest rate. As a benefit, You can always be aware of the maximum Equated Monthly Installment (EMI) you will pay and manage accordingly.

Offset Mortgage

You can benefit of changing the principal amounts, which impacts the interest rates and Equated Monthly Installment (EMI), if you deposit a certain amount of money to the lender bank, the outstanding principal amount will reduce accordingly. There are also no barriers to draw that amount, allowing a lot of freedom and control.

What are the requirements to issue a Mortgage ?

Within the UAE, financial institutions adhere to a specific criterion which are:

Credit history

Length of employment in UAE

Time spent within the UAE (Usually from 6 to 12 months)

Total business period in UAE (Usually 3 years)

What are the Fees during my property purchase?

Land Department Fees = 4% Property Value + 580 AED

Property Registration Fees = 4000 AED for over than 500,000 AED + 5% VAT

Mortgage registration fee = 0.25% of the mortgage loan

Evaluation Fees = (2500-3500) + 5% VAT

Commission for real estate.

What is the maximum Mortgage period in UAE ?

25 Years for nationals and residents and 15 years for non residents.

What is the Mortgage Financial Cap ?

Up to 85% of the property value for UAE nationals and 80% for the expats.

What is the salary terms to issue a Mortgage ?

The minimum salary from 10,000 AED for UAE nationals and 15,000 AED for expats.

How much Mortgage amount eligibility ?

Not more than 25% or 28% of the income is required to pay the Equated Monthly Installment (EMI).

Do the Mortgage include utilities payments ?

Is there an option to rent to own ?

Yes, but limited.

What are the T & C for Mortgage Loan

The mortgage agreements and processes are monitored by the Government and must comply with the laws. The Real Estate Regulatory Agency (RERA) requires a set of documents and other particular for registration of the mortgage agreement. You can check the procedure and requirements for RERA Registration Unregistered contracts will be considered null and void. The applicant must fulfil all the conditions for eligibility set by the government of UAE. RERA registrations require a non-refundable fee of AED 1000.

Can you provide Mortgage Preapproval ?

For individuals who are looking to purchase a home within the UAE, it is essential to get prior mortgage approval. We can help you to find out.

Does property value affects the down payments?

If a person buys their first property which is under AED 5 million, the minimum down payment they will need to pay is 20%. If a non-national buys a property over AED 5 million, the minimum down payment is 30%. For a second, third and any more properties of any price, the down payment is at least 40%. If the property is off-plan or under construction, the down payment will be 50% of the purchase price of the property.

If you want a zero down payment home loan in Dubai, then rent to own property may be a good fit for you.

What is the Mortgage loan maximum I can get ?

Typically, though, for a property purchase price under AED 5 million, the maximum loan-to-value ratio for foreign nationals is 80% and for UAE nationals is 85%. For properties valued at over AED 5 million, the loan to value ratio decreases to a maximum of 70% for expats and 75% for nationals.

What are the documents to have Mortgage loan ?

Identification documents (passport)
Proof of your individual/legal residence in Dubai.
Evidence of your individual residential address.
Documents required for proving that you have a good credit history (bank statements, proof of income, tax returns and employment letter)
Documents required for proving mortgage affordability.

How much Mortgage loan cost fees ?

Bank fees including the property valuation fees, processing fees, and insurance registration fees. The mortgage registration fee which is 0.25% of the total value of your approved mortgage. Mortgage life insurance, which will have a varying costs depending on the type of property and mortgage.

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