For sale, two-bedroom apartment in City Tower, installments

Apartment Details:
Location: City Tower.

Location Importance: City Tower is often located in a strategic area with distinguished services such as restaurants, markets, and vital facilities.
Area: 1,158 sq. ft.

Space Advantage: Spacious space suitable for a small or medium-sized family, allowing furniture to be distributed freely and comfortably.
Number of Rooms: Two bedrooms and a hall.

Detail: Ideal layout for families or investors looking for comfortable apartments.
Status: The apartment is empty.

Advantage: Ready to move in or rent, providing the buyer with a direct opportunity to benefit.
Parking: Not available.

Lack of parking can be a challenge, especially if the building is in a crowded area.
Financial Details:
Total Price: AED 445,000.

Very suitable for an area of 1,158 sq. ft. in a medium to high-end area.
Down Payment: AED 235,000.

Importance: Covers more than 50% of the apartment value, reducing the remaining amount for installments.
Monthly Installments: AED 4,400.

Total remaining: AED 210,000.
Distributed into monthly installments to make payment easy.
You need to know the time period remaining to pay the installments.
Strengths:
Affordable price: Compared to the size and location of the apartment, the total price seems attractive.
Apartment availability: Being vacant means you can move in or rent immediately.
Payment planning: A strong down payment and easy installments make buying a realistic option.
Points to consider:
Lack of parking:
If the building has shared parking or public parking nearby, this may compensate for the lack of a private parking space.
Instalment duration:
Check the number of months remaining to pay AED 210,000 to ensure it fits into your financial plan.
Investment opportunity:
For rent:
A 2-bedroom apartment with an area of 1,158 square feet can be rented for between AED 35,000 to AED 45,000 per annum in most similar areas.
If the monthly installments are partially covered by the rent, it may be a comfortable investment.
Recommendations:
Visit the apartment:
Check its general condition and quality of finishes.
Review the sales contract:
Check the terms of the installments and the time period for paying the remaining balance.
Negotiate:
Try to negotiate the total price or a lower down payment if possible.
Check the building services:
Ensure there are alternative parking spaces and shared services such as security and maintenance.

Property details

Property Type

Apartment

Property Size

1,158 sqft / 108 sqm

Bedrooms

Bathrooms