Amazing Opportunity |High Floor |Return on Equity

This apartment is located in the heart of Ras Al Khaimah city, within one of the first established communities. It is a leasehold property, meaning it is available for 99 years, with the option to renew. Please note that this property is a cash-only purchase; however, if you are able to secure a loan, it can be used to finance the property.

The apartment offers an abundance of space, allowing you to furnish it comfortably and create a cozy home environment.

For those considering renting the property, it offers a solid return on investment. With a purchase price of AED 400,000 and a rental income of AED 40,000, you’re looking at a 10% return, meaning the investment could be paid off in 10 years. Additionally, prices are expected to rise due to the increased demand from the upcoming casino development.

How does the casino affect this property? As demand for properties in prime locations rises, rental prices in sought-after areas are increasing. This could result in current tenants moving elsewhere, giving you the opportunity to secure a great deal if you act quickly.

Living in a community has many advantages, especially for families with children. The kids will have the chance to play with others and make new friends. As social beings, the ability to connect with others is essential, and having the natural surroundings nearby offers a perfect balance for both children and adults.

Let me help guide you in purchasing this property, whether as a new home or an investment. With the right choices, your investment will only grow in value. Contact me today for full details on this property and other potential opportunities.

At Flash Real Estate, we are deeply committed to your satisfaction before, during, and after your move. We are here to address all your needs and ensure a smooth, enjoyable living experience.

Property details

Property Type

Apartment

Property Size

1,514 sqft / 141 sqm

Bedrooms

Bathrooms

Available from

12 Jan 2025