Wohnung in Garden City, 1 schlafzimmer, 245000 AED - 16774637

Affordable Investment Opportunity with Existing Rental Income
Looking for an affordable property in Ajman that offers rental income and potential flexibility for personal use? This 1-bedroom apartment in Garden City, Block A6, is an opportunity worth considering.
The apartment is currently rented to a tenant who is reported to be punctual with payments, generating an annual rental income of AED 20,000. For serious buyers interested in occupying the property, the possibility of the tenant vacating can be discussed, subject to the applicable legal procedures and agreement.

Property Details

Location: Garden City, Ajman – Block A6
Property Type: 1-Bedroom Apartment
Asking Price: AED 245,000
Annual Rental Income: AED 20,000
Occupancy Status: Currently rented
Tenant Status: Reported to be punctual with rent payments
Parking: Not included in the sale
Vacating Option: Can be discussed with serious buyers, subject to the applicable procedures

Key Investment Features

Affordable purchase price: An accessible entry point into Ajman's property market.
Existing rental income: Currently generating AED 20,000 per year.
Approximate gross rental yield: 8.16% annually, based on the asking price, before service charges, maintenance and other expenses.
Flexible usage: Suitable for buyers seeking rental income or considering personal occupancy after completing the necessary procedures.
Residential location: Garden City offers access to the surrounding services and facilities available in the area.
Suitable for new investors: A straightforward investment option with a clear asking price and stated rental income.

Why Consider This Property?With an asking price of AED 245,000 and annual rental income of AED 20,000, this apartment offers a potential gross rental yield of approximately 8.16%. Buyers can consider maintaining the rental arrangement or exploring personal occupancy, subject to the tenancy agreement and applicable legal requirements.
Asking Price: AED 245,000
For further details or to arrange a viewing, please contact us.