Project Description:
The Cube is a unique and innovative landmark tower that will occupy a prime location within Dubai Sports City. The Cube Condo Residence is the first German developed, designed and contracted tower to be built in Dubai and the world
About the Developers : BMG Middle East Development LLC
BMG is an international German contractor based in Berlin who has delivered more than €4 billion in projects. BMG is headed by Gerd Wuhlert, who has based himself in Dubai to personally oversee this project ensuring that his high standards are maintained while facilitating the smooth completion of The Cube on schedule.
About the Architects:
The Cube is designed by the internationally renowned German architect firm, Bothe Richter Teherani. [BRT Engineering GmbH] is based in Hamburg, and has styled some of the world's most prestigious residential and office projects. BRT is noted for its architectural concepts and innovative product designs.
The local consultants are a reputable firm, Shankland Cox Limited and have been doing business for more than 30 years in the U.A.E.
The Cube Specifics:
Ultra-modern accommodation 561 apartments with G + 26 floors including studios, 1, 2 bedroom apartments.
All apartments are generously sized, varying from 543 – 3,081 square feet (50- 286 square metres)
All apartments open to a large balcony allowing for open style living al fresco with unparalleled views of the lakes, park and stadium.
Quality finishes of the highest possible German standards run throughout, including use of marble and bright natural stone.
All apartments will be fitted with high quality kitchen equipment.
Maximized benefits of natural light with green, glass sculpture construction providing spectacular lighting which is maximized from all three sides of the building façade for a light and airy feel.
Use of satinised glass for sight protection.
High end, Robust living, environmentally aware, sporty.
Basement levels allocated parking.
All set in the most prominent location in Dubai Sport City, amidst an urban lake landscape with gardens, waterfalls and the vibrant Sports City arenas.
Apartment Specifics:
Your property will be a specific apartment together with all the fixtures, fittings and finishes included as part of your Sale and Purchase Agreement. The apartment is handed over, fully furnished and with all home appliances.
Included in your apartment:
Fully equipped kitchen with, oven, microwave and all electrical items
High Speed Internet Access
Home Theatre System with LCD multi-channel Satellite TV
IDD Telephone with voice mail
Safe
All owners will also have an undivided share in the common areas such as hallways, lifts, spa and pool.The registration of the title is included as well.
Other Project Features
Safe & Secure Investment:
BMG Middle East recognizes that the purchase of a secondary residence or investment property in Dubai is a big step and we understand the importance of the contract being very clear about the rights and interests of purchasers as well as the safe registration of the title in this property.
For this reason we ensure that the Sales & Purchase documentation for The Cube is the most comprehensive contract currently in the marketplace in Dubai.
You are acquiring a 99-year lease of your apartment with a right, subject to the laws of Dubai, to acquire the freehold of your apartment.
Hadef Al Dhahiri & Associates is among the oldest and most respected United Arab Emirates law firms. They have been appointed as a neutral party to provide all services, including the registration and title documentation for owners, pending the hand over to the Dubai Lands Department giving you complete confidence of the safety of your investment.
The Cube Features/Amenities:
Lobby lounge, café and restaurant
Garden health club with pool deck, outdoor Jacuzzis, wellness bar and fitness center
Fully equipped business center with state-of-the-art conference and meeting rooms
Book & newspaper shop
Underground parking garage
The Cube Services:
24-hours reception desk
24-hours housekeeping & turndown service
24-hours security on call
24-hours valet parking service
Room Service
Concierge
Laundry and dry-cleaning service
Breakfast service
Airport transfers service
Wake up call service
Car and limousine rental
Mobile telephone rental
Shoeshine service
Daily complimentary newspaper
Wireless Internet access in all public areas
Flight confirmation service
Travel agent and tour desk
Secretarial support
Babysitting
Pillow menu (choice of different size, stuffed pillows)
Personal Usage:
The Apartment owner has 30 days of use per calendar year and no use is permitted during the black out dates. Black out dates will be notified by the management company and generally apply in respect of festivals, sports event and conference timings. Additional room nights may be rented by the apartment owner for 50% of rack rates subject to availability.
Project Finance:
At present Dubai Sports City is Lease Hold, which will be converted to Freehold as the government converts projects on a case by case basis under the new property law that was passed in March 2006.
Dubai Property Law No.7 2006 has set out the basic legal foundations to match the progressive and increasingly dynamic property market in Dubai.
For foreign property investors, we now just await the Ruler’s approval of designated areas in Dubai where they are entitled to own property and then they can seek registration of their property titles at the Dubai Land Department, the basic conversion of leasehold to Freehold.
We currently await the conversion of Dubailand to Freehold that will include Dubai Sports City and developments within it such as The Cube
At this stage there is no bank finance available for leasehold projects in Dubai however, freehold project are financed through local and international banks.
Availability and Price
Available Condo Hotel Units:
Type
Total Area (sq.ft)
Price Range (AED)
Min.
Max.
From
To
Studio
543
1,127
529,000
1,436,900
Executive Suite
1,055
1,423
1,360,900
1,899,700
1 Bedroom Open
1,196
1,820
1,227,700
2,437,000
2 Bedroom
2,978
3,178
3,841,600
4,242,600
Floor 21
Payment Plan
To assist investors in purchasing The Cube the following Developer Finance payment options are in place;
Payment
Option
Number of
Payments
Discount from the listed
Selling Price
Tick to confirm preferred
Payment option
Purchasers
Initials
1
9
0%
2
3
2%
3
2
4%
4
1
8%
Payment Option 1
First Payment
10% (less AED5,000) nonrefundable within 14 days of signing
Second Payment
10% of the purchase price within 30 days after signing
Third Payment
10% of the purchase price on April. 1, 2007
Fourth Payment
10% of the purchase price on July. 1, 2007
Fifth Payment
10% of the purchase price on Oct. 1, 2007
Sixth Payment
10% of the purchase price on Jan 1, 2008
Seventh Payment
10% of the purchase price on April. 1, 2008
Eighth Payment
10% of the purchase price on July. 1, 2008
Ninth Payment
20% of the purchase price on the completion date as defined in the sale and purchase contract.
Payment
Options
First Payment
Second Payment
Third Payment
Option 2
25% within 14 days of signing
25% 3 months after First Payment
50% on completion date as defined in the sale and purchase contract
THE CUBE: Condo -5* Hotel Residence
