For sale Apartment for investment in Aljada

For sale student housing apartment in Nest. Aljada

* Apartment for investment ONLY, not for residential use

Female student housing consisting of

Two bedrooms and a hall

- Net income: 7.4%

- Area: 635 square feet

- Annual investment return: AED 34,900 per year

- Price: AED 500,000

* This is a project in Aljada on Sheikh Mohammed bin Zayed Road.
The project is approximately 20,000,000 square feet.

* It includes villas and a group of Nest buildings for male and female students (from Nest 1 to Nest 12). This building complex is for investment, not residential purposes. This means the owner will not be able to live in it—he will only invest in it. It is a complex within a complex.

* The owner receives an annual investment return of 7.4% for five years, net of annual service fees and any other fees.

* * The return will also be renewed for another five years with a slight increase, given the high demand for buyers in Aljada.

* * The developer is responsible for managing the property.

The developer constructed these buildings for investment purposes.

* The occupancy rate in these buildings is 100%.

* The complex includes swimming pools, a gym, gardens, and heavily guarded gates.

* The demand for the female students' complex is high. There's a growing demand from countries like Saudi Arabia, Qatar, Kuwait, and many other Gulf states. They're sending their children to this residential complex to study at the University of Sharjah or the American University. Their parents need a safe and clean place.

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Property details

Property Type

Apartment

Property Size

635 sqft / 59 sqm

Bedrooms

Bathrooms