Installment takeover with parking space | Currently tenanted, generating income higher than the annual installment.

Luxury 2-Bedroom Apartment for Sale in Ajman (Installment Plan) with Parking | Currently Rented with Income Exceeding the Annual Installment

Description:

An excellent investment opportunity offering a guaranteed return from day one. This luxury 2-bedroom apartment features a modern design and high-end finishes. Located on the second floor (B4), it comes with an existing lease agreement that fully covers the monthly installment while generating a net profit.

Property Specifications:
Type: Luxury 2-bedroom apartment
Location: Second floor (B4)
Inclusions: Registered private parking space
Investment Status: Currently rented at AED 5,000 per month

Financial & Payment Details:
Total Price: AED 525,000
Required Cash Down Payment: AED 256,616
Remaining Balance (Installments): AED 268,384
Monthly Installment: Only AED 4,400
Current Monthly Rental Income: AED 5,000 (The rent covers the installment and yields an immediate monthly profit of AED 600)

Transfer & Ownership Fees:
Ownership Transfer Fee: 2%
Commission Fee: 2%
NOC (No Objection Certificate) Fee: AED 1,575