Appartement in Al Rashidiya，Al Rashidiya 2，Falcon Towers，Falcon A4, 275000 AED - 16960249

An excellent investment opportunity to own a tenanted studio apartment in Falcon Towers, Ajman, generating an annual rental income of AED 23,000, with an asking price of AED 275,000.
Discover this investment opportunity in Falcon Towers, Ajman. The studio apartment offers a generous area of 690 sq. ft. , is located on the third floor, and includes one parking space.
Currently rented for AED 23,000 per year, the property offers an existing rental income stream for investors seeking a tenanted residential unit. The current tenancy contract expires in September 2027, subject to the terms and conditions of the lease agreement.
With a competitive asking price and an established rental arrangement, this property is worth considering for buyers looking to enter or expand their real estate investment portfolio in Ajman.

Property Details

Property Type: Studio Apartment
Location: Falcon Towers, Ajman, UAE
Floor: Third Floor
Size: 690 sq. ft.
Parking: One Parking Space
Occupancy Status: Currently Rented
Annual Rental Income: AED 23,000
Tenancy Contract Expiry: September 2027
Asking Price: AED 275,000

Financial Details and Transfer Fees

Property Price: AED 275,000
Current Annual Rent: AED 23,000
No Objection Certificate (NOC) Fee: AED 1,575
Registration Fee: 2% of the sale price, equivalent to AED 5,500

Estimated Total Including the Listed Fees: AED 282,075.
This estimate includes only the property price, the stated NOC fee, and the 2% registration fee. Any additional brokerage commission, administrative charges, or other applicable fees are excluded.

Investment ReturnThe property generates a current gross annual rental yield of approximately 8.36% based on the asking price of AED 275,000, before service charges, maintenance expenses, and other ownership costs.
This makes the apartment worth evaluating for investors seeking an income-generating property in Ajman. Buyers should review the tenancy agreement, annual service charges, and other relevant expenses to establish the net rental return before proceeding.