Ever wanted to escape to your very own waterfront villa in the Maldives?
Well here is your chance - and the best part is the property will make money when you are back in the UAE working to pay for it.
Upmarket estate agent Savills is marketing villas at the Six Senses Laamu resort ranging in price from £1,881,300 (Dh10,984,915) to £5,016,800.
Situated on the Laamu atoll, the eco-friendly villas sit on the white powder-sand beach or over the crystal clear turquoise waters of the lagoon.
The properties, which come with a butler each, are being offered on a 47-year lease term and are fully transferable, allowing owners to take advantage of any capital appreciation.
Buyers can use their villas for up to 60 days a year, but they must specify when they will be in residence upon enrolment so it can be kept out of the resort's inventory for the following year.
The net income generated from the rental will be shared between the villa owner and the resort on a 50-50 basis.
If the thought of carting over your holiday clothes each time you take up residence in the tropical paradise sounds like a hassle, do not fear. Each comes with an air-conditioned, de-humidified, lockable storage area where belongings can be kept and placed in the property on your return.
Each villa has a useable area of 350 square metres, with a master bedroom featuring an indoor - and outdoor - bathroom, an ensuite guest bedroom and a dining and living area with a pantry.
Properties over the water have padded day-beds, a treetop deck and an all-glass bathtub, and are accessed by weathered wooden jetties and surrounded by high bamboo fences to ensure privacy, while those on the beach are surrounded by tropical forest and have sun loungers, a treetop deck and an open-air bamboo encircled shower.
gduncan@thenational.ae
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
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Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
- Helen Keller
- Joan of Arc
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
