Freehold Studio Apartment for Sale in International City, Emirates Cluster with Rental Income

Emirates Cluster Emirates Cluster

Overview:

A cozy studio apartment, currently rented until August 2024, is available for sale in the vibrant community of International City, Emirates Cluster. This freehold property offers an excellent investment opportunity, boasting essential amenities and a convenient location.



Key Points:

Property Type: Studio Apartment (Rented Till August 2024)

Ownership Type: Freehold Property (Can be purchased by any nationality)

Location: International City, Emirates Cluster

Deal Type: Sale



Financials:

Size: 484 Sqft

Selling Price: AED 330,000 (Net to Owner)

Rental Income: AED 23,000 Yearly

Service Charge: AED 4,500 Yearly

Transfer Charge: 4% of Selling Price

Agency Fees: 2% of Selling Price



Usage:

Residential Building



Amenities:

Kitchen

Pantry

Washroom



Description:

This studio apartment, spanning 484 square feet, is an excellent investment opportunity in International City, Emirates Cluster. Currently rented until August 2024, it offers a steady rental income of AED 23,000 yearly, with a manageable service charge of AED 4,500 yearly.



The selling price for this property is AED 330,000 (net to owner), with additional costs including a 4% transfer charge and 2% agency fees.



The apartment includes essential amenities such as a kitchen, pantry, and washroom, ensuring convenience for residents.



This property is perfect for investors seeking a hassle-free investment in a thriving residential community. With its strategic location and attractive rental income, it promises excellent returns in the growing real estate market of International City, Emirates Cluster.



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