Rent to Own literally means Renting an apartment to Own it later. It enables you to pay for Downpayment in the form of Rent. The contract consists of two transactions, the rental and the sale. The buyer gets to rent the property for three years. At the end of this period, he/she can choose to buy the same property. If they do, the rent paid during the three years will be considered as the downpayment. The balance can then be paid by a bank mortgage or by self-financing.
Highlights of the project:
- Status: It is a fully developed, Ready to Move-in project.
- Property: The building has huge unit sizes with 1Br starting at 830 sq. ft. and 2Br starting at 1380 sq. ft. It boasts unparalleled attention to detail.
- Amenities: The project offers a lot of luxurious amenities including a swimming pool, kid’s pool, gymnasium, covered parking and 5 branded lifts
- Location: The building is located hardly 500m away from the Jumeirah Village St 2 exit on the Al Khail Road. It shares a wall with the JSS School and utilities like supermarkets & public parks are just a short walk away.