Kensington Royale, Sports City Dubai The Kensington Royale will be located in Sports City, Dubailand. It will be a five-star condo hotel, providing guests and owners with top-quality services and facilities designed to maximize occupancy and returns.
It will be 16 stories with 252 studio, one- and two-bedroom units. It will include restaurants, coffee shops, boutiques, a health club and a spa.
Kensington Royale will be nearly identical in design to Red Residence, also located in Sports City, Dubai.
Sports City will be the Jewel in the Crowne of Dubailand
Sports City is very well located for all of Dubai's main attractions.
The Kensington Royale overlook the new Manchester United Academy
A new law has been issued by the government of Dubai to prevent malpractices and fraudulent activities in the real estate sector.
ReplyDeleteUnder Law No 8 on Guarantee Accounts (commonly known as trust or escrow accounts), people buying properties in Dubai off plan will make their payments into special accounts managed by banks, instead of directly into Dubai property developers.
From now on all developers launching new projects have to produce certificates showing that building work has reached certain pre-selected stages before trust account managers give them access to buyers' money.Government officials say money in these accounts will be released to developers only when certain stages of construction are completed, encouraging companies to keep building work on time and easing fears that they will gather payments and flee the country before a brick has been laid.