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ROThe Lotus Residential Complex, Dubai
Lotus, a residential complex currently under construction, is an elite project by Emaar Properties, a well-known real estate development company. The new housing estate, which will include four buildings with 6, 7, 10 and 11 floors, will be constructed near the Dubai Canal, the Ras Al Khor Wildlife Sanctuary, and the long, sandy beach in the Dubai Creek Harbour area.
Residents of the new Lotus buildings in Dubai will have access to a range of amenities, such as:
- A reception area with concierge service;
- A swimming pool with sun loungers by the water;
- A children’s play area;
- A gym with large windows;
- An amphitheatre for hosting events;
- Designated yoga area;
- Various shops;
- Cafes and restaurants;
- Car parking spaces.
Real Estate in Lotus, Dubai, the UAE
Individuals looking to purchase real estate in Lotus have a variety of luxurious one to three-bedroom apartments to choose from, ranging in size from 62 m² to 209 m². The apartments are presented in various layout options, with balconies varying in size from 6 m² to 87 m². Comfortable lounge areas could be set up on the spacious balconies, to enjoy breakfast or afternoon tea with glorious views of the beach, the Dubai Canal, and the city skyline.
The interior decor of the apartments is executed in light shades, visually expanding the space. All apartments have panoramic windows that let plenty of daylight in and allow you to freely enjoy the scenery.
Properties for Sale in Lotus
The real estate of this new apartment complex falls under the “premium” category. The minimum cost of housing in Lotus is 1,100,000 AED (300,000 USD) for a one-bedroom apartment, while three-bedroom apartments are available for a minimum of 2,490,000 AED (677,910 USD).
Buyers may also utilise instalment payment plans, whereby 70% of the total cost of the unit is paid during the complex’s development stage, and the final 30% is paid once the property is commissioned.
Foreign buyers and investors can buy an apartment in Lotus under full private ownership. Depending on the price of the property, they may also apply for a three-year or ten-year residency visa. A three-year visa is issued for purchases exceeding 750,000 AED (204,000 USD), and a ten-year visa can be obtained for purchases over 2,000,000 AED (544,500 USD). Investment visas may be renewed, and their holders may also open sponsorship visas to other family members.
