Lago Vista 2 is a mediterranean inspired, 24 storey residential development gracefully designed around a crescent-shaped portico. It is to be a green development offering residents well manicured lawns, breathtaking fountains and spectacular gardens. Unique floor designs offer residents breathtaking picturesque views of Arabian Ranches and the glittering lights of Dubailand.

Lago Vista 2 will be built adjacent to many of Dubai’s major attractions, providing home owners with an eco-friendly environment and offering fabulous infrastructure. Travel to and from the Dubai beachfront, golf courses, lakes and gardens is only a short convenient drive away from Lago Vista 2.

Location

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Located just off the Emirates Road in the heart of the International Media Production Zone (IMPZ) residential sector, Jumeirah Beach and the yet to be built Dubailand will only be a 10 minute drive by car, making Lago Vista 2 very attractive to the thousands of workers nearby.

^{International Media Production Zone (IMPZ) [Credits: IMPZ.ae [1]]}

IMPZ is Dubai’s global media hub that is to be dedicated to support the regions media and entertainment production industry.

IMPZ is also located on the doorstap of the future Dubailand, the worlds largest entertainment development. At completion, Dubailand will become the World’s largest entertainment development and consist of 6 themed worlds, while being comprised of over 200 individual projects. Dubailand will employ 300,000 staff and attract 200,000 visitors a day!

Rental Potential

For prospective medium to long term investors wishing to rent, the Lago Vista 2 development is ideally located in the residential district of IMPZ for long term rental to young professional corporate workers wishing to live close to their work place in a luxury, five star environment, where rent is paid 6 to 12 months up front. With average rental yields in Dubai at 8% ^[2] and the expected construction completion scheduled in September 2009, prospective investor can start to get a return on their investments. Current occupancy rate in Dubai is 97%

Facilities

The interiors are designed with the user in mind and quality fittings and fixtures make life comfortable.

Lago Vista 2 features:

• Individual interior designed entrance lobbies to each of the towers
• Large sized temperature controlled swimming pool
• Tennis Courts
• Children’s play area
• Mailbox for each apartment
• State of the art health club with latest fitness equipment
• Sauna
• Convenient elevator access from the parking to the apartments
• Elegant banquet/function room
• Communal Barbeque area
• Coffee Shop
• Convenient covered parking

Five-star Facilties:

This 5-star environment offers all the luxuries of modern, but eco-friendly living and Lago Vista 2 facilities will include:

• Retail Outlets
• Round the clock security
• In campus transportation
• Medical facilities
• Sports grounds
• Fitness clubs
• Hotels
• Parks
• Schools
• Recreation and fitness facilities

Suite Features:

The suites of Lago Vista 2 feature double glazed windows throughout. Provided digital and satellite TV sockets offer convenience, while all care has been taken to make living at Lago Vista 2 luxuries and comfortable.

Kitchen Features:

• Refrigerator
• Choice of distinctive stone counter tops
• Stove & oven units
• Canopy over stove

Bathroom Features:

• Large vanity mirror
• Full height ceramic tiles in bathroom
• All vanity basins feature stylish fittings
• Shower over the bath

Buyers Options

Lago Vista 2 offers a range of floor plans to buyers. Every apartment has been carefully designed to offer investors top quality design and state-of-the-art accessories. Superior woodwork and joinery speak of refined elegance, class and style.

Investors can enjoy a predominant Mediterranean lifestyle as the development is situated along Dubai’s waterfront. With sun, sea, beach and luxury, residents of Lago Vista 2 will have everything they need right in front of their doorstep.

1. 2^nd to 5^th Floor Plan

• 2 Apartment Type 01 A = 130.0 SQ. M
• 2 Apartment Type 01 B = 130.0 SQ. M
• 2 Apartment Type 01 C = 130.0 SQ. M

2. 6^th to 22^th Floor Plan

• 2 Apartment Type 01 G = 130.0 SQ. M
• 2 Apartment Type 02 = 117.7 SQ. M
• Studio Apartment Type 03 = 47.1 SQ. M

3. 23^rd to 24^th Floor Plan

• Apartment Type 01 D = 130.0 SQ. M
• Apartment Type 01 E = 130.0 SQ. M
• Apartment Type 01 F = 130.0 SQ. M

Pricing and Payment Structure Detail

The average prices in Lago Vista 2 are AED2,350 / £350 / US$640 per SQ. FT. Here is a summary of prices:

Studios Apartments: AED1,128,000 / £169,000 /US$307,000
1 Bed Apartments: AED2,482,000 / £371,000 /US$675,000
2 Bed Apartments: AED3,136,000 / £469,000 /US$854,000

Completion

^{Construction – August 18 2008}

The expected completion date is set for September 2009

Payment Schedule

Payment Specs:

• 10% on reservation
• 10% within 30 days of reservation
• 10% within 120 days of reservation
• 10% within 180 days of 2nd installment due date or commencement of Piling, Whichever is earlier.
• 15% on completion of Parking podium structure
• 10% on completion of 5th floor structure
• 10% on completion of 10th floor structure
• 10% on completion of the top floor structure
• 15% on completion date

Finance

Financed up to 70% (subject to status)
Various finance schemes are available through Abu Dhabi Commercial Bank

Interested, Contact Us

To find out more about Lago Vista 2 in Dubai, please fill out the following contact form.