Touring $122,000 Average Price Tagged Huge Project of Torino by Oro 24 in Dubai
What's up, everybody? this is Serif the broker. right now, we are located on "Sheikh Saeed Road" in the sales of "ORO 24" And my friend Mustafa is here hello Mustafa Hello Mr. Serif welcome Welcome to the sales office of "ORO 24" Today, we are going to present to you the first project "ORO 24" which is "Torino" So, let's start from the beginning who is "ORO 24"? Actually, if you like we can walk and I can explain to you see "ORO 24" is new in the market but the name of the owner is not new Mr. Atif Rahman; is well known in the market and he has 14 years of experience with Danny properties He was the manager of Danny properties he was a partner of the company And now within this year, he launched his new brand which is "ORO 24" And this is his first project like his baby that's why he actually it is we are so so excited with this project And we believe that it will be so different and exceptional project in the market So, it's a great chance for investors because first project they want it to be the best it's their prestige project They will deliver it I'm sure on time even early maybe Let's say time, let's say time Let's start I'm so interested in where is the location? when is the delivery? what are the details? and what is the payment plan? For sure you will like the payment plan, by the way, you will like it Maybe we will buy two, three of them Let's see we'll see let's see let me show something from the mock-up I can start with the location Yeah first of all we need to understand the location For sure, for sure See for the people who are not from Dubai Because the people who watch this they don't know maybe they come as tourists we should explain as basic For sure, for sure this is our jam province, our jam province belongs to "Al-Basha" "Al-Basha" is located in the middle of Dubai actually you will see "marina JBR", "Jumeiria downtown", and "business bay" It is in the middle and the project itself has a big advantage Which is a project located in the middle of two main road of Dubai which is "Sheikh Mohammed Bin Zayed" and "Sheikh Zayed road" And it is really easy access to road so with this accessible location Every, each, landmark in Dubai is 15 to 20 minutes from the project For the one who doesn't know anything about Dubai if you came as a tourist because when you came as a tourist You mostly visit this miracle garden so, it is just very close to this miracle garden so you may understand The location also for the ones recent open Dubai hills mall it is very close like five minutes So, it means that the most important point is the closeness of the central points Like "marina JBR", "Palm", or "downtown" is like 15-20 minutes Exactly, see, it is like 15 minutes to world-famous hotel "Burj al Khalife" and "Burj al Arab" So, we can say that it is much better to buy than Dubai south or "Sharjah" or in these locations, this location is much better to invest Much better even though sometimes if you this is about your perspective For example; you are resident here in Dubai you are working in the "Business Bay" from your office even though If your home is in the "Business Bay" from your office to home it will take 15 to 20 minutes for sure Because of the traffic jam but, from this location also 15 minutes so in this case, it is good for the end user... ...Who are planning to live here in Dubai and also since it's really close to the landmarks It is an easy event for the tourist for the tourists who are looking for short-term rent So, so far it sounds so good so what we have in this location What we have actually, there are many international schools and many health centers and it is in the same area so it is really really For example not only an international school, Australian international school, they are all giving education in English So, it is a really good advantage for the families who are planning to invest here Who are planning to live in here Let's start the project Yes, so as you see project itself has a really modern design we have six blocks and in totally 640 apartments We have studios, we have one bedroom, we have one bedroom plus storage, and two-bedroom apartments As you see this is all the project area one of the most important information about the project is the first gated community in "Arjan Pors" As you see it is a gated common community each block has its own lobby, and own entrance which solves lots of problems Because we are giving a parking spot for each of the units right And each of the parking spots is located in the same building so it is easy to access from the car parking to their apartment And this is the main social facility area there is 17 world-class facilities in the project As you see there is a yoga deck, a party hall, a gym In the gym, there is a sauna-like fin bath, and everything. We have a lazy river in the middle of the project
Right there, there are gazebos there is a barbecue, barbecue spots, barbecue space And there are indoor-outdoor cinemas, tennis courts, squash courts inside, and many more And also, for example, this is what I like about the project this is pet friendly project there is a dedicated pet zone as well So,17 MNT is like that which is it is... It looks like a huge social club It is, it is actually A standalone building three-story, and a huge outside area and what I notice always, you know, they put these gyms Like underground or the worst location of the project that you look nothing but here, you look at the nice amenities of the compound Exactly this is like a hotel compound actually as you see There are many more green areas it is like 20, 25 percent of the total project area is green And there is a social oh yeah they create that social area here then the people can socialize They don't need to even go out of their community they can live their life here In case they need to hit some landmarks like the marina like "JBR "or "Jumeira" or "business bay" they need only 15 minutes So far, looks good, sounds good, let's hear the sizes of the apartments and the investment point of view and delivered date, and the payment plan For sure as I said there are three kinds of apartment types, actually, for why... Because; it's a type of studio, the studios are 40 sorry 34 square meters And starting from 122 thousand dollars Can we mention from the screen here For sure, for sure Because; I know you have interesting floor plans the studios are like the one and only in the market Exactly, see the design is I mean the design language is very well They create a huge living area in a small size. Let me show you
Yes Okay We can start with studios I see this studio floor plan first time in my life they reversed the whole thing Exactly, because the main reason to reverse the whole thing to give a more living area to the net to the investors, to the neighbors See, normally, most of the project kitchens are located at the entrance But with this method... Your normal studio plan is you enter the apartment kitchen come here is the bathroom then the living space and bedroom area come Exactly, and be reversed why Because; of this design, as you see, the kitchen located really close to the balcony so it will give a more air to the balcony And also with this design you have more living area entrance And in this way, it looks more like an apartment a guest enters from the living space You have a bedroom area and bathroom and the kitchen Yeah, you are separating the area the living area and your bathroom is not there is no bathroom for sure But, it is separated from the living area, and I will show you what I like actually about the design See, this is our layout by the way we are delivering the apartments fully fitted So, all the wooden works will be included and lights only there is no bed, there is no sofa for sure So we need to buy a tv, coffee table, carpet, sofa, and bed Exactely Items, then the rest even the lights are coming Even the lights are coming and as you see what I like what I really like here there is bathroom beside of this And there is a huge mirror from the ground to the ceiling with this mirror it's giving you a sense of depth It's even seen more than it has so I like this kind of small details What is the pricing of an average pricing of a studio in this project It is 122.000 dollars so in dirham, as you know, in Dubai we use dirham 445 thousand dirhams Hundred twenty two thousand dollars Which makes a great investment because I suppose yearly it will make not less than ten, twelve thousand dollars See what we expect in dirham We expect thirty-five thousand to forty thousand dollars which means exactly around ten thousand dollars So, it will make it like seven, eight percent "ORO" expectation 6.5 we calculated conversably, it's but it's conversably so, in this case, you could be right Yeah, and the payment plan is which is great and then I'm just behaving like an attractive buyer Actually, I am so excited as well because the payment plan is amazing it is the best in the market We are so confident on it that's why actually we got a huge demand and I'm so happy to say That but maybe we sold 80 percent of the total inventory in two months Let's come to the payment plan at the end to surprise the people on the blackboard For sure It will be easier to explain However, you reach Mr. Serif Other than this we have one bed two beds One bedroom let me give you quick information about them other than this we have...
...One-bedroom apartments See, I can show you some layouts as well. this is the bedroom the material is outstanding Really and the design as well this is a living room it's well prepared And it's a minimalist design and it's giving more living space to the end-users This is the general apartment plan as you know as you see there is 640 apartments And each of the apartments has its balcony all the apartments have balcony Balcony is important in Dubai I think so, I really think so, and I think, see, even though there is an iron table you will see here such things such small things Small details but it's needed and in the small house you don't find a place to put it Exactly, exactly that's why I really like this design See, even though, in the bathroom, you will see the garderobes are inside of the wall so, it is not taking from the general living area Coming with the flat Coming And this site it's a nice sitting area for the users and there's some space that they can hide there When this one comes This one comes even this one comes and all the windows are a french type So, from the ground to the ceiling so it's giving more natural light to the home And it makes it home actually other than an apartment And there is one more type of one bedrooms The balcony is in the middle so both rooms can access Exactly, very well observed there is two access from the living room and the bedroom And also plus there is storage the storage is with the storage With the storage, they have more space to hide for example their washing machine I think this is also a very good option for the people who are thinking of Airbnb why Because I'm coming and going to Turkey and coming here, you know, frequently so in the storage you can As an owner, you can keep your private stuff and lock it and the month you don't come you can rent it out Exactly, it's a great idea, especially, for short-term renting, yeah yeah, it could be a great idea Because; as an owner, I want to keep some of my private stuff here And the months I don't come I don't want to make any income So, it's an experienced speech really I like the idea I didn't know that I didn't think about that but I really like the idea So, this is the second type, in this case, with this type we have four types of apartments Studio one bedroom, one bedroom plus store, and two bedrooms Let me show you the last one which is two-bedroom apartments in two-bedroom apartments, also we have two types of apartments What is different, see, this is the first type. Type one is 77 square meters And there are two bathrooms, and two bedrooms, as you see, one is a common bathroom And one in the master bedroom, as you see, when you open the door, the kitchen will welcome you This is so important, especially, in the middle eastern market because let's say you order something When delivery come, they don't want to show the inside of the house Exactly, so, it is as I said small details are so important for this market, and Mr. Atif Mr. Atif, is personally, involved in the design processes he is that patient and we like about our apartments
I mean what we like about our apartments this patient So, in the two-bedroom apartments there is a main difference which is in the entrance you will see Some niche for the shoes Yes, exactly, and it is around four square meters. so, the type twos are 81 square meters The design usually the design is almost same the same detail the kitchen is on the entrance it welcomes you And other than this all same just four square meters difference for the type twos Yeah, actually, nice yeah this is all about apartment types So, we know the project, we know the location, we know the floor plans, and we have some idea about the prices Let's come to the payment plan Actually, I was so excited to explain this part because, see, this is one of the most confident points of us, in the project There are two types of payment plans; The first one twenty percent down payment and eighty months installment plan So, did I mention but the handover will be... Would you like to come to this point on the blackboard So, it might be easier to explain Please, be my guest We have a lesson on the world Yeah, let me do my best So yes you asked me about the payment plan let me give you a quick explanation Then, I'm going to ask Mr. Asaf for the details
So, Mr. Asaf is the mathematic teacher, today Exactly, actually, yes, he will teach us on the board Okay, so, should I open the payment plans I can give quick information before that see we have two kinds of payment plans The first one comes with a 20 down payment and eight monthly installment plan Eighty months Eighty months which is six and a half years wow Yeah, and the second one which is coming with a ten percent down payment, five percent for each quarter for nine quarters which will be around 55 So, you are starting a competition with developers plus banks Exactly, with zero interest, by the way, this is the main point we are doing this with zero interest And Mr. Asif will give you more information about it Okay, so we got two very good and very attractive payment plans for the customers so I will explain what payment plans are we got two options One option is a 20 percent down payment which is on booking and then the customer pays one percent As you can see here one percent every month for 29 months which is from April 2022 to August 2024 This is where the customer gets the handover and then post-handover the customer keeps paying one percent for another 51months So, in this plan the customer is only paying 49 percent before the handover So, post handler the customer is paying 51 so this is option one In option two, you have to only pay ten percent down payment, okay and then five percent, five percent every quarter That is every three months these are nine installments till you get the handovers So you pay till June 2024 so a total of nine installments of five percent every three months and post handovers You pay one percent for 45 months so the difference between the two plans is that Here the down payment is ten percent and then you pay quarterly five percent in the first option you pay a down payment of twenty percent And then you pay one every month one percent so that's the only difference So, it means that let's say we buy a studio at the price he mentioned a hundred twenty thousand dollar range And down payment what we need is twenty five thousands dollars Yeah, approximately our calculation is mostly in the dirhams And monthly installment comes into one thousand two hundred dollars which is like a rent Exactly, exactly And until the delivery, you need to as an investor support this one percent each month which is two years And after delivery, installment is paid by the rent exactly so you see this is the concept That's why a lot of investors also purchase the units and in our project because if you see Arjun as a whole The rentals right now are more than what a customer has to pay as an installment So, a customer can literally pay all his installments post handover from the rent that he's getting So, basically if he goes into the 20 payment plan he's only paying us 49 percent Leveraging to 20 you invest maybe 60.000 dollars instead of 120 But, at the end of eight years six and a half years you are owning the full double Plus the capital gain, also, you know, so capital gain is also there because you know right now You are purchasing the property for an x amount all right so post completion of the payment plan There's obviously going to be capital gain on the total price so that is your benefit as well And to make this investment you don't have to be a resident or you don't have you don't have So, you get a residence with this investment well there's some parts from it you can explain that quite as well Exactly, so, for example, if the investment that a customer makes in a property is 750.000 or above So he also gets a residency in Dubai So, Dubai is a blend of opportunities for anyone in the world and "ORO 24" is making it to reality It is a lifetime opportunity that's why but what's being called One word for Dubai is future Well I can't say it is like a civilization of real estate Exactly, exactly Thank you so much, Asaf Thank you, thank you So, now, we know the location, we know the project, we know the developer, we know the payment plan opportunities Lastly, I want to take all of us to the location of the land so then we can see with our own eyes where is this place Sure, sure be my guest please okay let's go Hey Mr. Mustafa it is not only being in the sales office under air conditioning this is real estate we should be on the field
No, I can feel it really So this is the location of "ORO 24" "Torino" projects place actually construction has been already started they are digging the land We see the working people and the machinery is here and this is the license plate of the project What I see and I really wanted to be here it is right in the center of the town Because; we are in "Al Barsha" see the Dubai skyline here "GBC" is just next to us like they are neighbors of "GBC" I see the notice on the building pipe I know they have a hotel there yeah so from this point It's 10,15 minutes to many places we reached to the area in 15 minutes It's the right investment in Dubai it's much closer than being in the behind like town square These backed places, of course, it's a different concept but having amenities at this point is some privilege with this price Actually, we believe so as I explained Doing the mock-up explanation, it is easy to access some main roads such as "Sheikh Saeed Road" and such as "Mohammed bin Zayed Road" And also as you see there are many constructions going on in the area In this case, this is one of the hottest spots in Dubai, and with the services, as you see there are many constructions on the service spots And once they deliver the service cost You will understand the real value of the location and as you see we have already started the construction Since it's a juvenile freight time there is a break right now But the construction has already started the machines are digging and we are going to deliver the project on 24 August for sure Mustafa, we understood the location, thank you so much before melting here We should escape, it's under 50 degrees we are shooting here Cameron is sweating Thanks again So, we will make some camera shootings around we'll show the visitors what is around Thank you for watching guys today, we did "Torino" by "ORO 24" if you are thinking the investment this is a full investment video Right investment opinion in Dubai; and Mustafa thank you for having us today in this project Guys, see on the next episode if you have any comments about this project Question please comment under the video be our guest we are open and also don't forget to subscribe to our channel For sure I, also, subscribe it's your turn Thank you