1 Bed in Park Terrace, Silicon Oasis

Park Terrace, Dubai Silicon Oasis. . This listing has been viewed 102 times.

AED 789,000 825,000
  • AED 36,000 Below Market
  • 8.87% ROI
  • AED 962 Price PSF
  • Vacant Unit Status
  • AED 70,000 Expected Rental (Yearly)
  • Yes Financing Available (Notes)
  • AED 15,000 Commission Payable
  • 2% Commission Payable %
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Reference Number: DF-00129
Project: Park Terrace
Property Type: Apartment
Unit Type: 1 Bed
No. of Bedrooms: 1
Built up area: 820 sqft
Does the property have an Oqood or Title Deed? Yes
Status: Ready

Description

PARK TERRACE, DUBAI SILICON OASIS

- Decent quality building close to the community entrance / exit points
- 1 Bedroom available for sale with a size of 820 sq. ft. with balcony
- Unit was recently vacated; previous tenant was paying AED 70,000 per annum with 2 cheques. This is a prevailing market price at this time.

- The unit is priced slightly lower than average.
- Ideal for an investor looking for decent quality and offering a higher rental return.

Great Deal

  • Unit is offering 9.03% gross rental return; net return will be above 8% per annum.
  • Good building close to community entrance / exit points which is important.
  • Silicon Oasis has high occupancy rates; units are tenanted quite rapidly.

Closing Procedure

  • Viewings available with prior appointment.
  • Selling price does not include transfer fees or agency fees.