Overview

Property Description

It is London Gate's first real estate collaboration with Franck Muller, the renowned Swiss luxury watch manufacturer, to create Franck Muller Aeternitas in Dubai Marina, a highly coveted waterfront area. The branded complex will be the world's tallest branded residential clocktower when it is complete in Q2 2027. The complex’s name is inspired by Franck Muller’s renowned timepiece, the Aeternitas Mega. The watch has 1,483 components and 36 complications, making it the most complicated watch ever produced. In addition to showcasing Franck Muller’s skill and craftsmanship, the Franck Muller Aeternitas residences will also display this intricate timepiece. The complex stands tall at 106 floors, offering an extensive selection of carefully crafted residences. Franck Muller offers branded apartments with 1-3 bedrooms, as well as signature villas and mansions ranging in size from 871 sq. ft. to 8,582 sq. ft. There is also an uber-exclusive penthouse, The Aeternitas. The key features of the Franck Muller Aeternitas properties include having one or more balconies, a storage room, a laundry room and a study. Depending on the unit selected, Franck Muller's signature villas and mansions may include a private swimming pool, a terrace, domestic staff quarters, a sauna, and a safe. Natural European marble is used in the kitchens and bathrooms. A number of branded appliances will be installed in the kitchens, including a Villeroy & Boch kitchen sink mixer as well as a Bosch fridge, electric stove, microwave, stove hood, and electric oven. The starting price for a property in this complex is AED 1.6M (USD 436K). *Prices are valid until 2024 While the development is still off-plan, the master developer offers a 40/60 payment plan with a 10% down payment. During construction and upon completion in Q2 2027, 30% and 60% instalments will be required, respectively. It is a great idea to rent out real estate in Franck Muller Aeternitas, as the average gross rental return for one-bedroom apartments in Dubai Marina has reached 6.8% as of Q1 2024. As a result, if you decide to let out your property, you will be able to earn a high passive income based on these indicators. Franck Muller Aeternitas offers two-year visas to property owners. Applicants with an investment of AED 2M (USD 545K) or more can apply for a 10-year Golden visa. Both visas allow the holder to sponsor their spouse and children, while the Golden visa also covers domestic staff.

Location