Master bedroom apartment for sale in City Tower

**Apartment for Sale in City Tower**

**Apartment Details:**

- **Number of Rooms:** The apartment consists of one bedroom and a living room.
- **Size:** The total area of the apartment is 757 square feet.
- **View:** The apartment has an open view, meaning it offers a wide view from the windows or balconies, providing natural ventilation and lighting.
- **Current Rent:** The apartment is currently rented annually for 20,000 AED under an old rental contract. This contract will end in two months, giving the new owner the option to either renew the contract with the existing tenant or vacate the apartment after the contract expires.
- **Parking:** The apartment comes with a designated parking space, making it convenient for the owner, tenant, or guests to park their vehicles close to the apartment.

**Sale Price:**

- **Asking Price:** 330,000 AED cash. This means the buyer is expected to pay the full amount upfront without any financing or installments.

**Additional Notes:**

- **Old Rent Contract:** An old rent contract means the tenant is paying a fixed annual amount (20,000 AED in this case), which may be below the current market rental value.
- **Future Planning:** Since the lease contract will end in two months, the buyer has the option to either renew the contract with the current tenant or take other actions, such as adjusting the rent or occupying the apartment personally.

**Location:**
- **City Tower** is a well-known residential tower in the area, likely close to essential services and city amenities such as shopping malls, public transportation, and restaurants.

**Advantages:**
- The apartment offers good value for investors or those looking for an affordable unit in a desirable area, especially since it is already rented with a fixed rental income.

Property details

Property Type

Apartment

Property Size

757 sqft / 70 sqm

Bedrooms

Bathrooms

Available from

18 Dec 2024