FAQs about the Concept
FAQs about the Property
1.
6.
What is co-living, the concept of The Community Motor City?
Co-living is a new real estate concept which appeared several years ago but became globally popular recently. The idea
apartments.
expats who, aside from accommodation, seek to expand their
Co-living combines modern apartment living with an array of
7.
premium communal facilities encouraging interaction among
Who is co-living for?
millennials individuals, freelancers, students, young
professionals and entrepreneurs as well as young families.
3.
8.
Offering tenants a sense of community, sustainability and
collaborative economy co-living gained popularity among
within the building. The community features 58,095 sq.ft. of
unrivaled facilities including valet and concierge services, food
Yes, the property can be managed by a Property Management
Can my property be rented on a long-term basis?
Yes, the property can be rented on a yearly basis, as a regular property investment.
9.
Can my property be rented on a short-term rental basis?
Yes, the property can be rented as short term, on a daily or a monthly basis, with the right licensing and permission from relevant authorities.
What is included in the communal spaces?
The list of amenities was set to enhance a sense of community
Can my property be managed? operator.
tenants and thus improving their quality of life.
2.
There are a total of 446 units in the building and a generous mix of studios, one bedroom, two bedroom and three bedroom
behind it is to offer an affordable living solution to millennial social network.
How many apartments are in the building?
10. Can I or a family member move into the property in the future? Yes, the property can be occupied by the owner or his family
court, ProphaTea café and restaurant, socia lounge, bowling
members.
lane, cinema room, gymnasium, yoga club, spa, sauna and steam room, swimming pool, golf simulator, gaming hub,
library, office workplace, laundry room, convenience store and more.
4.
Why is co-living so popular?
Co-living allows like-minded expats to socialise outside work and grow together professionally and personally by
FAQs about the Common Areas 11.
Are external visitors allowed?
Yes, external visitors are allowed and can be invited by residents at all times.
networking, forming new friendships and supporting one another.
Co-living goes further than offering a simple living solution, it offers a lifestyle. In many cases, this concept includes
Infinity swimming pool, jogging track, state-of the-art gym skate park, open air chess, badminton court, padel court
open air golf simulator, restaurants and cafe, retail stores cafe and juice bar, and a business centre. 5.
Is co-living the future of housing?
Millennials a generation known for collecting experiences
rather than things. They look at the world as their playground, work digitally and prefer to work remotely. Therefore, the
12. What is the arrangement for parking?
The Community building operates a managed parking system for all residents.
What are the service charges?
13. The service charges will range anywhere between AED 13–15 per sq.ft.
14. Will shuttle buses/cars operate from the building? Yes, there is a bus stop in front of The Community development which is operated by RTA.
traditional way of housing has required this change.
Co-living concept is made to cater to all their needs, allowing
them to transform their home into a place where they will live,
15. Is there WIFI in the common areas?
WIFI is availble everywhere in the building.
work and socialise. This concept allows them to move about freely, to chase exciting career prospects around the globe, and to make memories through new experiences. Co-living
has become more than just a housing model; it has become a solution for the growing younger generations.
+971 4 518 7550 info@thecommunity.ae www.thecommunity.ae/motor-city
FAQs about the Handover, Price and Payment 16. When is the handover of the property scheduled? Handover of the property is scheduled in Q4 2025.
17. What is the booking fee?
The booking fee is a minimal 10% of the total property value.
18. Is there a post-handover payment plan?
23. Is there an Escrow account?
Yes, as per the regulations of the Dubai Land Department and as a legal requirement in Dubai, every project under
construction requires a separate Escrow account wherein the
purchaser deposits all payments towards the property directly into the Escrow account.
Yes, Investors can benefit from a post handover payment plan.
24% of the Total Property Value can be paid post-handover over 2 years.
Investor FAQ’s 19. Why should I invest in this project?
Affordable ticket price and attractive innovative co-living concept make this project ideal for investment.
The Community offers a cost-effective yet sociable living solution with an unrivalled number of amenities appealing to different groups of people, such as millenials, freelancers and young entrepreneurs.
Furthermore, the project is ideal for both short term and long term rentals as well as for living. In cities with strong expat cultures such as Dubai, co-living concepts like
The Community are in higher demand.
20. How can I benefit in terms of ROI?
The attractive ticket price coupled with a post-handover
payment plan certainly works in favour of how an investor can benefit with their investment.
Upon handover, you can easily rent out your fully-furnished unit, and as such the rental income can offset the payment against the property.
21. How can I benefit if I am an end-user?
The post-handover payment plan works substantially well for an end user too since the Purchaser does not have to make the full payment at handover. With 65% payment completion, the
purchaser can move into their own property and leverage the remaining 35% through a bank finance.
22. Will I get a title deed?
Yes, as per the norms of the Dubai Land Department, a purchase of property on a freehold basis means that the property is
registered in the owner's name by way of a title deed registered in the Dubai Land Department.
+971 4 518 7550 info@thecommunity.ae www.thecommunity.ae/motor-city