Details

Building           Zanzabeel, Old Town
Type                One bedroom
Sq ft Net          821 sq ft
View                Old Town
Completion        May 2009
Developer          Emaar


Cost


Price                   999,999     AED
Commission         2%      Sale Price
Transfer Fee         2%      Sale Price


The apartment is currently tenanted until 8th of May 2011 at 80,0000
in 1 cheque. As far as I'm aware the tenant wishes to renew their
tenancy, which is of course at the discretion of the buyer. Based on
a
sale price of 999,999 the apartment achieves a gross yeild of 8%.

The lowest price comparrison after this apartment is 1,099,000 for 816
sq ft which is 1346.81 AED / sq ft. This unit is 999,999 for 821 sq ft
at 1218 AED / sq ft. That makes this unit 129 AED per sq ft cheaper
than it's nearest comparrative property for sale.


Grant - 050 284 9947

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