1 Bedroom and Hall with Sea View

1 Bedroom and Hall with Sea View
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### **1. Apartment Information:**

1. **Property Type:**

- 1 Bedroom and Hall Apartment.

2. **Area:**
- **Large area (not precisely specified but preferably checked upon inspection).**

3. **Location:**
- **Corniche Tower - Ajman.**
- **High Floor:**
- It provides a direct panoramic view of the sea, making it a preferred feature for housing or investment.

4. **Apartment Status:**
- **Currently rented with an annual contract:**
- **35,000 AED annually.**
- The contract ends in **next July.**
- Suitable for investment with a guaranteed rental return until the end of the contract.

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### **2. Financial Details:**

1. **Asking Price:**
- **550,000 AED net.**
- The price reflects the distinguished location and view.

2. **Sale Terms:**
- **Cash payment.**

3. **Additional fees:**
- Make sure to know the transfer fees and any annual maintenance or service fees.

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### **3. Benefits and services:**

1. **View:**
- Direct sea view from a high floor, which enhances the market value of the property.

2. **Amenities available within the tower:**
- Parking.
- Security and maintenance services around the clock.
- Easy access to public facilities such as restaurants, cafes, and malls.

3. **Investment value:**
- Guaranteed rental return until the end of the contract.
- The view and location ensure high demand from future tenants.

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### **4. Points to confirm:**

1. **Actual area of the apartment:**
- It is preferable to obtain the exact area number to better assess the value.

2. **Annual Maintenance Fees:**
- Know the cost of the tower's fees to ensure they are in line with expectations.

3. **Legal Status of the Current Contract:**
- Review the details of the current contract to ensure a smooth transfer of ownership after the contract expires.

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### **5. Tips for Buyers:**

1. **Visit the Apartment:**
- Schedule an appointment in advance for inspection to assess the general condition and view.

2. **Check the Market Value:**
- Compare the price with similar properties in the same tower or area to ensure its competitiveness.

3. **Consult a Real Estate Expert:**
- To get advice on the investment return and future potential of the real estate market in the area.

4. **Check the Condition of the Apartment:**
- Review the quality of finishes, internal facilities and services provided in the tower.

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### **Summary:**
A one-bedroom apartment in Corniche Tower with a distinctive sea view and a high floor represents an attractive investment opportunity with a current rental return of AED 35,000 per annum. The asking price is AED 550,000, which suits the location and the benefits offered. It is advisable to inspect and verify all legal details to ensure a successful deal.

Property details

Property Type

Apartment

Property Size

1,335 sqft / 124 sqm

Bedrooms

Bathrooms