Ready-to-move properties
Saam Vega
From $191,400
Property types:Studio, 1 bedroom, 2 bedroom
Projected cash-on-cash return:10,1%
District:Dubailand
Developer:Falconcity Developer
Class of the property:"С"- Class of the district:"С"
Rating Independent:5★
Completion date:2021
Income guarantee:Unavailable
Window view:Park, City
About district
Location
- DistrictDubailand
Dubailand is a vibrant and rapidly growing area in Dubai, UAE, with an array of residential and commercial properties, entertainment and leisure facilities, and tourist attractions. Dubailand spans across 278 sq. km, making it one of the largest entertainment and residential destinations in the world.
The development of Dubailand started in 2003, and since then, it has seen significant growth, with more residential and commercial developments being added each year. Dubailand is located on the outskirts of Dubai, near the Dubai-Al Ain Road, which provides easy access to the rest of the city.
Key Facts:
The development of Dubailand started in 2003, and since then, it has seen significant growth, with more residential and commercial developments being added each year. Dubailand is located on the outskirts of Dubai, near the Dubai-Al Ain Road, which provides easy access to the rest of the city.
Key Facts:
- Dubailand was launched in 2003 and is being developed by Dubai Properties Group.
- Dubailand is home to several attractions and developments, including theme parks, hotels, residential communities, and retail centers.
- Dubailand includes several theme parks, including the world’s largest indoor theme park, IMG Worlds of Adventure, and the upcoming Six Flags Dubai and Universal Studios Dubai.
- Dubailand also includes several residential communities, including Mudon, The Villa, and Akoya Oxygen.
- Dubailand has several retail centers, including Dubai Outlet Mall and Mall of Arabia.
- Dubailand also includes several entertainment and leisure facilities, including Dubai Sports City, Dubai Autodrome, and Dubai Miracle Garden.
- Dubailand is expected to attract millions of visitors and residents, making it a major contributor to Dubai’s economy.
About developer
Falconcity Developer
Falconcity is a multipurpose mega project in Dubailand that was launched in April 2005. The developer of this residential community is a private company called Falconcity of Wonders LLC, the founder of which is Salem Ahmad Abdullah Almoosa. The company initiated an impressive masterplan to expand Dubai’s tourism sector, as well as to attract a high number of home buyers and investors. The total built-up area of Falconcity is over 41M square feet, and features commercial, residential, leisure and mixed-use neighbourhoods to cater the needs of tourists, residents, visitors and buyers.
Falconcity is not just a name, the project is actually shaped like a falcon to represent the emblem of the UAE and to display the country’s heritage. The original concept and design of the smart city belongs to the US-German architect Esat Farman. The development was presented to the public three times: at Expo 2015, Bombay Exhibition Center 2015, and at Cityscape Global 2016. It gained a lot of attention at the time, as investors and buyers saw the potential of Falconcity to become a significant landmark in Dubai and the whole region. The main feature of the project is a mix of buildings inspired by the ancient and modern Wonders of the World.
Falconcity is not just a name, the project is actually shaped like a falcon to represent the emblem of the UAE and to display the country’s heritage. The original concept and design of the smart city belongs to the US-German architect Esat Farman. The development was presented to the public three times: at Expo 2015, Bombay Exhibition Center 2015, and at Cityscape Global 2016. It gained a lot of attention at the time, as investors and buyers saw the potential of Falconcity to become a significant landmark in Dubai and the whole region. The main feature of the project is a mix of buildings inspired by the ancient and modern Wonders of the World.
About building
About Saam Vega
Presenting, Saam Vega by Falconcity Developer at Pyramid Park, offering studio, 1 & 2 bedrooms fully serviced hotel apartments in Falconcity of Wonders Dubai, UAE. The project will be managed by Falconcity Hotels & Resorts and is set to be operated by Oakwood Hotels.
This pyramid-shaped hotel apartment boast of amenities that is unlike anything you have experienced until now. The prime objective is more about giving you the chance to relax and unwind and enjoy the 5- star amenities that come as a part of the whole project.
Part of the Pyramids Park project, the unique design along with innovative layout ensures to present you with a serene and peaceful environment. The overall grandeur and the sheer size of this development are bound to captivate your senses.
And there’s more. It doesn’t matter if you are an end-user or an investor. In both instances, you are likely to benefit the most. For instance, by purchasing a hotel apartment, you then qualify for the rental pool program. In simple terms, this means, you will be in a position to generate income when you are not staying. In addition to these, the management of your asset will be entirely done by the management.
The project has a lot of potential and on account of its prime location; it is likely to become a major tourist attraction.
This pyramid-shaped hotel apartment boast of amenities that is unlike anything you have experienced until now. The prime objective is more about giving you the chance to relax and unwind and enjoy the 5- star amenities that come as a part of the whole project.
Part of the Pyramids Park project, the unique design along with innovative layout ensures to present you with a serene and peaceful environment. The overall grandeur and the sheer size of this development are bound to captivate your senses.
And there’s more. It doesn’t matter if you are an end-user or an investor. In both instances, you are likely to benefit the most. For instance, by purchasing a hotel apartment, you then qualify for the rental pool program. In simple terms, this means, you will be in a position to generate income when you are not staying. In addition to these, the management of your asset will be entirely done by the management.
The project has a lot of potential and on account of its prime location; it is likely to become a major tourist attraction.
Features / Amenities
Parking
Events Lawn
Barbecue Areas
Jogging Track
Exclusive Fitness Center
Infinity Pool
Kids Play Area
Tennis, Squash & Basketball Courts
Yoga and Meditation Areas
Spa and Sauna
Nursery
24 Hours Concierge Services
Luxury Dining Options
Apartment
Floor Plans
Studio / from 282.77 sqft
1 bedroom / from 548.10 sqft
2 bedroom / from 1172.00 sqft
Process of purchasing
Process of purchasing property
Payment of 10% deposit to receive a memorandum
During the initial stage, it is necessary to make a deposit of 10% of the property value to confirm your seriousness and readiness to proceed with the purchase.
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
Please contact Buyer B and our company through this link: link to file
During the initial stage, it is necessary to make a deposit of 10% of the property value to confirm your seriousness and readiness to proceed with the purchase.
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
- Payment to the company in Dubai
- Check
- Cash in Dubai
- Payment in cryptocurrency (USDT)
- Passport
- ID (if available)
- Phone number
Please contact Buyer B and our company through this link: link to file
Acquiring a No Objection Certificate (NOC) from the developer for selling your property, which is necessary for registering the transaction with the Dubai Land Department
A No Objection Certificate (NOC), or permission from the developer, is a notification that confirms that the seller has no outstanding dues to the developer. The process of obtaining this permission for selling the property can vary in duration, typically ranging from one day to two or three weeks, depending on the specific construction company.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
A No Objection Certificate (NOC), or permission from the developer, is a notification that confirms that the seller has no outstanding dues to the developer. The process of obtaining this permission for selling the property can vary in duration, typically ranging from one day to two or three weeks, depending on the specific construction company.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
Finalizing the sales agreement, which outlines all the transaction details
The agreement for purchasing and transferring the property is processed through the official online portal of the government and will be sent to you via email for your electronic signature.
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
MOU - Final Sales Contract: link
The agreement for purchasing and transferring the property is processed through the official online portal of the government and will be sent to you via email for your electronic signature.
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
- The specific property being sold,
- The total cost of the property being acquired,
- Any additional payments related to the transaction (such as agent's commission, payments to the developer, registration fees with the Land Department, reimbursement of pre-paid expenses for maintenance, etc.),
- The time limit for completing the sales transaction,
- The deadlines and procedures for making payments,
- The responsibility of the parties in the event of failure to comply with the contract terms.
MOU - Final Sales Contract: link
Registering Property in the New Owner's Name at the Land Department.
Calculations are Done During Registration
The Dubai Land Department maintains an electronic property registry. When you and the seller apply to register the transfer of ownership rights, you will receive a Title Deed certificate immediately. This certificate will confirm your ownership rights to the property you have acquired.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
Calculations are Done During Registration
The Dubai Land Department maintains an electronic property registry. When you and the seller apply to register the transfer of ownership rights, you will receive a Title Deed certificate immediately. This certificate will confirm your ownership rights to the property you have acquired.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
- Original passports of both the buyer and seller.
- Original property registration certificate under the seller's name.
- Original No Objection Certificate (NOC) issued by the developer, allowing the property sale.
- Copy of the sales and purchase agreement.
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
Management
How can we effectively manage real estate to achieve a return?
The initial and crucial step in transferring an apartment to our management is to sign a three-year cooperation agreement. This agreement outlines the specific conditions to be followed and establishes the monthly payment amounts that you will receive.
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
- Register with DTCM
- Pay utilities (DEWA), gas, AC, Wi-Fi
- Pay consumables as per DTCM guidelines, including bedding, towels, crockery, etc.
- Cleaning
- Advertise for tenant search
- Facilitate tenant check-in and check-out
- Service Charge
- Pest control
- Provide preventive maintenance up to AED 500
- Repairs
- Furnishing
- Decorations
The next step in our process is to prepare the real estate property for handover, making sure it meets the high standards set by DTCM.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
We advertise our apartments to a diverse international and local audience through popular online platforms like Dubizzle, Bayut, Property Finder, Booking.com, Airbnb, as well as through our own agency network.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
At our company, we understand the importance of happy and satisfied clients. That's why we go above and beyond to provide exceptional service to each of our landlords. Our team is available 24/7 to address any concerns or queries.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
Following the departure of each tenant, we diligently inspect the apartment and assess the condition of the furniture for any damages or signs of wear. In the event that damages are identified, we promptly reach out to the tenant and deduct the appropriate amount from their deposit.
This meticulous process guarantees the upkeep of the property and furniture in excellent condition for future tenants, while also ensuring compliance with deposit agreements.
This meticulous process guarantees the upkeep of the property and furniture in excellent condition for future tenants, while also ensuring compliance with deposit agreements.
Each month, on the 10th, we will provide you with an interest payment of based on your preferred payment method.
We offer the following payment methods for your convenience:
We offer the following payment methods for your convenience:
- Bank transfer
- Cryptocurrency payment
- Payment to your bank card
- Cash payment
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