Studio for annual rent spacious prime location

### 1. **Yearly Rent: AED 17,000**
- **What it means:** This is the amount that must be paid annually to rent the studio. This amount is usually paid in advance or in installments depending on the terms of the contract.
- **Explanation:** In this offer, the price is AED 17,000 for a full year, which is considered a moderate price if it is in the Rashidiya area. You can calculate the monthly rental cost by dividing the amount by 12 months, which means that the monthly rent will be approximately AED 1,416.

### 2. **Cash Deposit: AED 1,500**
- **What it means:** This is the amount that must be paid as a down payment for the studio. The insurance is usually to protect the landlord from any damage that may occur to the property during the rental period.
- **Explanation:** The deposit is AED 1,500, which is a cash amount that the landlord requires to be paid when signing the contract. This amount is usually refunded at the end of the contract if there are no damages or problems with the property.

### 3. **Payments in 4 installments**
- **What it means:** The tenant is allowed to pay the annual rent in four installments, instead of paying the full amount upfront.
- **Explanation:** This means that you will not have to pay AED 17,000 in one payment, but will pay the amount in 4 installments throughout the year. These payments can be every 3 months, which helps to divide the amount and ease the financial burden.
### 4. **Summary:**
- **Annual rent:** AED 17,000.
- **Insurance:** AED 1,500 (refundable if there are no damages at the end of the contract).
- **Payments:** In 4 installments, each installment will be AED 4,250

Property details

Property Type

Apartment

Property Size

300 sqft / 28 sqm

Bedrooms

studio

Bathrooms

Available from

8 Mar 2025