Dubai Sports City is the nearest community centre.
Yes, the community is gated to ensure safety and security at your residence.
Yes, it is a hotel apartment, which will be managed by a leading hotel operator.
CONSTRUCTION & INFRASTRUCTURE
The infrastructure is already completed in the community.
We will start Shoring work on 15/06/2018
We are expecting to complete the project by December 2020.
Yes, the plot is fully paid for and the title deed is under our name.
PROPERTY PURCHASE
You can purchase any available property by: Submitting a Non-Refundable Booking Deposit / Down payment which is 5% of the contract price. The balance payment will be made as per the payment plan mentioned in our agreement.
Yes, you can purchase the property even if you are not a resident of the UAE.
The limit of the joint property purchase is a maximum of two buyers per property. The ownership of the respective property will be equally divided between the joint buyers
Ownership is locked down at the time of booking and no changes can be made.
In case the purchase is under individual’s name, you must provide:
– Passport Copies (main page and signature page)
– Valid Visa Page (for UAE residents only)
– Valid Emirates ID (for UAE residents only)
– Unified Code (for UAE residents only)
– Valid National ID (for GCC Nationals)
– Non-Resident Undertaking Letter (Non-UAE residents only)
And in case you are purchasing the property in a company’s name (only JAFZA Registered Companies as per the Law), you must provide:
– Trade License or Commercial License for Company
– Certificate of Incorporation / Incumbency
– Share Certificate / Board Resolution / MOA
– Power of Attorney for the authorised signatory
– Authorised signatory valid Passport Copy, Visa Page and Emirates ID
The Booking Deposit is strictly NON REFUNDABLE.
PAYMENT
Leading banks of the UAE will finance your property based on their requirements.
The payment plan is distributed as mentioned in the below table:
SL | PERCENTAGE OF TOTAL VALUE | DESCRIPTION OF PAYMENT |
1 | 5% | On Booking |
2 | 5% | 30 Days from Booking |
3 | 5% | Signing of SPA within 60 days from booking (+ 4% Land registration charges Oqood + AED 1,000) |
4 | 5% | 30% of project completion as per RERA Inspection |
5 | 5% | 40% of project completion as per RERA Inspection |
6 | 5% | 50% of project completion as per RERA Inspection |
7 | 5% | 60% of project completion as per RERA Inspection |
8 | 5% | 70% of project completion as per RERA Inspection |
9 | 5% | 80% of project completion as per RERA Inspection |
10 | 5% | 90% of project completion as per RERA Inspection |
11 | 50% | On Handover |
We accept Current Dated Cheques, Manager’s Cheques or Direct Bank Transfer.
All payments to the Dubai Land Department will be Manager’s Cheques.
You can pay through Bank Transfer into the Escrow Account. It is mandatory to mention your complete UNIT NUMBER and LAST NAME OF THE PRIMARY PURCHASHER in the “information for Beneficiary Account” for us to identify your funds for allocations.
The receipt will be issued on the exact value received in the bank account. Please note that if there are any deductions due to intermediary or direct bank charges, it will not be accounted as amount received.
There is no arrangement of payment notice as the due date is fixed at the time of the property purchase. You should ensure that the payment is made on time to avoid late payment charges.
You will be charged Late Payment Fees in line with the terms and conditions of the Booking Form / Sales and Purchase Agreement in case the payment is not received before / on the due date.
We allow customers to pay in advance, however there will be no discount.
Yes there are. All government fees including, but not limited to TITLE REGISTRATION, DEWA, DU, SERVICE CHARGES, COMMUNITY CHARGES, CONNECTION FEES, CONVEYANCE FEE, etc., to be paid by the property buyer.
RESIDENCE VISA
The Visa is issued by DNRD (Dubai Naturalization & Residency Department) / Dubai Immigration Authority and does not fall under our control. We do not promise any Visa with the property purchase and advice you to approach DNRD authority for clarification on the current law.
ARTHUR & HARDMAN REAL ESTATE DEVELOPMENT L.L.C. OFFICE
Our Sales Office is located on the Ground floor of Roma Giovanni Boutique Suites, Dubai Sports City.
Consultant & Contractor
Mimar Emirates Engineering Consultants.
NAPLES RESIDENCE PROJECT
Naples Residence comes with the below mentioned amenities:
- Landscaped gardens on the Podium Level
- Grand lobby with service staff
- Barbeque deck
- State-of-the-art health club with steam room and sauna
- Swimming pool
- Pool-side café
- Multi-cuisine restaurant on the Ground Floor
- Hypermarket & Departmental Store
Please contact us on info@arthurhardman.com
The designs and layout for the Naples Residence Project have already been approved. We do not allow any changes until the project handover. After taking possession of your property, you can apply to the Master Developer and respective authority for any alterations you might want to make. It will be at the sole discretion of the Master Developer and the relevant authority to accept or reject any changes.
DOCUMENTS, TITLE & REGISTRATION
You will receive your Booking Form at the time of your property purchase, subject to submission of required documents and full payment of the booking amount.
You will receive your SPA within 60 days after completion of 20% payment of the contract price, payment of the Title Registration Fee and submission of all the required documents.
You will be required to pay the following fees at the time of your property purchase:
– Dubai Land Department title deed registration fee: 4% of contract value + AED 40 Knowledge Fees (You need to submit Manager’s Cheque in favour of “Dubai Land Department”)
– Oqood Fees: AED 1,000/- (CASH)
– Administration Fee: AED 1,000/- (CASH)
- All fees are subject to change as per change in regulations*.
As per the revised regulation from Dubai Land Department, the above fees must be paid immediately at the time of the booking for all off-plan property purchases.
The Registration Payment is due with immediate effect and cannot be delayed for any reason. Any delay will result in penalties applied by the Dubai Land Department as per regulations.
Your property purchase will be registered in Oqood once you have paid the due installment and required fees in full, and also signed the NOC letter. You will be notified accordingly via receipt of a printed initial Contract of Sale.
The Title Deed of the property can only be issued once you have paid in full for the property and any additional fees associated with your property purchase.
RESALE
As the property buyer, you can resell at any time, given the following conditions are met.
– You need to pay 40% of the contract price.
– All payments and fees due until the transfer date must be paid in full.
– All required documents must be supplied to Arthur & Hardman Real Estate Developments LLC.
– Booking form and SPA must be signed by the respective parties.
– Your property purchase must be registered in Dubai Land Department as per the law.
– Administration & NOC fee of AED 5,000.00/- must be paid in full (*subject to change as per change in regulations).
– All necessary documents pertaining to the original buyer must be surrendered.
UTILITIES & MAINTENANCE FEE
Electricity and water is supplied by DEWA (Dubai Electricity and Water Authority) in Jumeirah Village Circle and it will be connected to each unit at the time of handover. DEWA registration on the owner’s name is mandatory as per law.
Naples Residence will have no individual chiller units for the tower; there is a cooling district and Empower is the authorized service provider for the Naples Project. Every unit has an individual meter.
Telecommunication Supplier for Jumeirah Village Circle is DU at the moment and each apartment will be ready for connection. The Property Buyer / Occupant must apply for connection after the handover of the property.