The COVID-19 Social Relief of Distress (SRD) Grant – also known as the R350 grant – is expected to be extended to the end of March 2024. This as government continues to consider options for a replacement for the grant with no decision taken yet on how the replacement will be financed. Finance Minister Enoch Godongwana announced the extension of the grant during his presentation of the Medium Term Budget Policy Statement in Parliament on Wednesday afternoon. “The SRD grant was introduced in May 2020 as a temporary measure to respond to the needs of the most vulnerable, who were affected by [COVID-19 induced] lockdown measures. It has been extended several times since then. Discussions on the future of the grant are ongoing and involve very difficult trade-offs and financing decisions,” he said. As a result of the extension of the SRD grants, other social grants – such as old age grants and disability grants – will increase lower than inflation. According to Treasury, the SRD grant is ex
 |
| Aldar Properties - Real estate company |
About the project
Located in Shams United Arab Emirates's capital, Al Reem Island, Reflection may be a fashionable residential complicated by Aldar Properties that consists of two towers with a range of 374 residences in total, as well as studios & one, a pair of and 3-bedroom residences. The completion of Reflection is projected for the last half of 2021.
The first tower homes 182 residences, whereas the other can have 192 units. every property boasts central air con and a balcony with a vicinity starting from fifty three to 193 sq.ft, with 1-2 sleeping room residences that includes a dressing space still. homeowners of 3-bedroom residences are going to be ready to take pleasure in a maid’s area and toilet, still as a pair of balconies on totally different sides of the residence. Meanwhile, the sizes of units in Reflection vary between 455-1,580 sq.ft. it's price noting that residences area unit sold unfurnished with, except for fitted wardrobes and absolutely equipped kitchens.
 |
| Aldar Properties - Real estate company |
In terms of amenities, right between the two towers, there'll be a improved urban park, good for out of doors fitness, barbecues and picnics. The park also will be adjacent to a range of cafés, low retailers and amenities. still as all the on top of, stage level of Reflection is home to a foremost athletic facility associated an eternity swimming bath, commanding the park. Residents will avail a 24/7 caretaker and security services, which is able to meet their desires at any time of the day.
Project worth
The beginning worth for a apartment of forty two.5 sq.m is AED 590,300 .
The sale worth of 1-bedroom residences starts from AED 885,800.
The sale worth of 2-bedroom residences starts from AED one,326,700.
The sale worth of 3-bedroom residences starts from AED one,822,290.
Economic attractiveness
As according by Bayut & Dubizzle, Al Reem Island remained the foremost well-liked selection for getting luxury residences in H1 2021, with a median ROI of vi.59%. still as that, Shams United Arab Emirates's capital clad to be the foremost searched community among interested patrons in search of properties on Al Reem Island.
It is price mentioning that Al Reem Island may be a freehold space, allowing 100% foreign possession of properties. Besides the above-named amenities, the realm is home to Reem Mall, that is because of open within the half-moon of 2022. Therefore, residents of Reflection can have even additional leisure and diversion spots to appear forward to, because the mall can feature 450 retailers, eateries, a cinema and one in every of the world’s largest snow parks; Snow United Arab Emirates's capital.
The residential complicated of Reflection is found in a very prestigious space, which mixes 5-star resorts and business centers. Thus, the realm is in high demand, creating it an appropriate choice for long investment and resultant lease. The beginning rental worth for a 2-bedroom flat of one,108 sq.ft in Reflection is regarding AED eighty,000 (USD twenty two,000) once a year.
Comments
Post a Comment