Appartement in Garden City, 215000 AED - 16690216

Spacious Studio Apartment for Sale with Instant Rental Income – Garden City (Building M2), Al Hamidiyah, Ajman
An excellent real estate investment opportunity to acquire a spacious 456 sq. ft. studio apartment in Building M2 of Garden City, Al Hamidiyah. Among the largest studio layouts in the development, this unit features a good-sized balcony with full open views and is currently tenanted on an official lease, generating immediate rental yield.
Property Features & Specifications:
Property Type: Residential Studio Apartment
Total Area: 456 Sq. Ft. (Generous, highly functional studio layout)
Outdoor Features & Views: Good-sized balcony with unobstructed full open views
Development & Location: Ajman – Al Hamidiyah (Garden City - Building M2)
Location Advantages & Connectivity: Peaceful residential community close to universities, healthcare centers, and public parks, with direct access toward Sheikh Mohammed Bin Zayed Road
Lease Status & Financial Metrics:
Occupancy Status: Currently tenanted under an official lease contract
Current Annual Rent: AED 17,000 per annum (Immediate generating income)
Lease Expiry Date: October 9, 2026 (09/10/2026)
Tenancy Continuity: Current tenant is willing to renew and stay upon buyer's preference
Financial & Sales Terms:
Asking Sale Price: AED 215,000
Purchase Options: Available for Cash Purchase or Bank Mortgage
Investment Profile: Turnkey asset delivering immediate ROI with zero vacancy downtime, or future end-use residence