The Torino residential complex in Dubai
The Torino new building project in Dubai is a promising development that has garnered attention from investors, despite only being recently launched. It’s a multi-residential complex comprising six five-storey buildings, each of which will house residential units of 33 to 80 square metres, including luxurious studios and apartments.
The construction of this exclusive collection of buildings lies with ORO24, a young and progressive development company that has earned the trust of buyers and partners by delivering quality and stylish projects within the established timelines. As per the master plan published by its representatives, the premium residences are scheduled to be operational by the third quarter of next year (presumably in August).
Real estate in Arjan, Dubai, UAE
Located on the outskirts of Dubai, the off-plan Torino residential complex will become part of the new Arjan district. Since the project's launch in 2006, 48 ready-for-occupation buildings have been built on its premises, and 37 more are soon to be operational. The local residential buildings consist mainly of small and medium-rise multi-unit buildings that house studios and apartments with one-three bedrooms.
In addition to residential properties, the multifunctional community features commercial buildings, including numerous retail and office spaces, dining establishments, hotel apartments, and warehouses. Such properties are in high demand among investors earning rental income and entrepreneurs developing their businesses.
The sale of real estate in Torino
Are you interested in purchasing real estate in Torino under the most advantageous conditions? This is the perfect time to do so, as the prices of the local residential properties are currently less due to the project being in the implementation stage. The prices are expected to rise in the near future, as the development company retains the right to adjust prices during the construction process of the premium complex. At present, buyers have the opportunity to become owners of studios in Torino for AED 445,000 (USD 121,000), while apartments with one and two bedrooms can be purchased for AED 599,000 and AED 900,000 (USD 163,000 and USD 245,000), respectively. It’s important to verify the actual cost before completing the transaction.
An additional advantage of investing in real estate from the developer ORO24 in Dubai is the opportunity to use an attractive instalment plan, ensuring a simple and flexible process when buying a studio or apartment. Under this plan, the buyer is required to make a 20% down payment when reserving the selected residence and cover 29% of the cost before the completion of the construction. The remaining amount (51% of the cost) must be paid after the residential complex is operational - at a rate of 1% per month for 51 months.
The developer also offers another instalment plan, which involves a 10% down payment upon reservation. After two months, the buyer will be required to gradually cover 45% of the cost before the completion of construction. Once the project is operational, the buyer must pay 1% per month for 45 months.
Are you ready to purchase a property in Torino? Our English-speaking specialists, with extensive experience in the real estate market in the Emirates, will do everything possible to ensure a successful transaction. Please contact them to find a property that fully meets your criteria, as well as to receive comprehensive advice on any questions, support at all stages of the transaction, and excellent after-sales service.
