Prices start from 1785dhs per sq foot (approximately £244) with comparable office space in Business Bay now selling at 3000dhs per sq foot (approximately £410). This in effect provides the investor with up to 1215dhs per sq foot instant equity (approximately £166). All units are offered with freehold ownership.

It will be one of the first buildings to complete in Business Bay and will attract the initial tenants ensuring high occupancy levels. The units themselves will be offered to commercial tenants in shell form only and therefore the initial cash investment from the tenants to furnish and complete the offices will ensure a long-term rental for investors.

A huge amount of businesses are now relocating to Dubai Business Bay because there is no corporation tax, no income tax and 100% freehold ownership in certain developments/areas.

The developer is so convinced of the potential of this office building, he is willing to offer to investors a 10% per annum, 3 year rental guarantee (based on the contract price) paid in 3 post dated cheques upon completion. In Dubai, it is illegal for cheques to bounce and therefore the investor has excellent rental security.

60% finance is available on these units, but we have secured for the investor an excellent opportunity. Completion of the development is due in December 2008 and therefore there is 18 months capital growth expected before completion. 3 months prior to completion, we will assist the investor with obtaining 60% finance BUT the 60% will be based on the value of the unit 3 months prior to completion. We expect this to be conservatively 3000dhs per sq foot (approx £410). This will give the investor a cashback on the initial 40% investment.

Example:

If the unit is £250,000 now, then 60% finance would be £150,000.

If that unit is worth £350,000 on completion in 18 months time, then 60% finance would be available which is £210,000

Therefore the NET cash input would be £250,000 - £210,000 which is £40,000

The above example would provide the investor with £100,000 equity profit and £75,000 worth of post dated cheques therefore equalling £175,000 total.

Based upon a NET cash input of £40,000, this is a 437.5% return on NET cash investment upon completion.