ELEGANCE
NFT FOR SALE
NFT CARD
BUY NOW APARTMENTS THROUGH NFT
Purchasing an NFT of an apartment in the ELEGANCE JVC building offers numerous financial advantages compared to the traditional purchase.
Purchasing an NFT of an apartment in the ELEGANCE JVC building offers numerous financial advantages compared to the traditional purchase.
The financial advantage of using much less cash to book the purchase and pay the 10% of the paid price up to the handover date; for example, if one’s buying a 1 bedroom that costs aed 1,300,000, he’d have paid 70% in instalments before the handover and 30% in the following three years. Because 1,300,000 x 70% = 910,000, buying instead the NFT that represents the exclusive right to buy at the handover that apartment, costs only aed 91,000
The advantage of postponing to the handover date the payment of the 70% of the today’s purchase price
The advantage of postponing to the handover date the payment of the 4% to the Dubai Land Department
The opportunity to give up the buying of the apartment, until the handover date, protecting himself from a change of the market trends or his own different situation,
The possibility to independently resell the NFT to third parties for a higher value (e.g. in case of strong demand for the apartment represented by that NFT)
The right to receive a 50% APY on the price paid for the NFT, should the seller of the linked physical apartment wish to buy back the NFT (within handover)