Property Overview:
• Discover this fully tenanted residential building in the vibrant Al Riqqa district of Deira. Offering a diverse mix of residential units, this property presents a lucrative investment opportunity with a steady rental income stream.

Key Features:
• Prime Location: Situated in the sought-after Al Riqqa area
• Strong Tenant Base: Benefit from a reliable and consistent tenant occupancy
• High ROI: Achieve a substantial return on investment with an 8% ROI
• Well-Maintained Building: Features modern amenities and excellent maintenance
• Growth Potential: Benefit from the increasing demand for residential property in Dubai

Financial Details:
• Selling Price: AED 28,000,000/- (Net to Owner)
• Current Rental Income: AED 2,375,000/-
• Expenses: AED 115,000/-
• Net Income: AED 2,260,000/-
• ROI: 8%
• VAT: If applicable (Paid by Buyer)
• Transfer Charge: 4% of Selling Price (Paid by Buyer)
• Agency Fees: 2% of Selling Price (Paid by Buyer)

Property Specifications:
• Property Type: G+7 Residential Building (Rented)
• Location: Al Riqqa, Deira, Dubai
• Deal Type: Sale
• Ownership Type: Freehold Property (Local & GCC)
• Plot Size: 10,315 Sqft
• Total Built-up Size: 46,450 Sqft

Amenities: Security Room, Garbage Room, Parking, CCTV, Lift, etc.

Investment Highlights:
• Stable Rental Income: Benefit from long-term leases and consistent rental payments
• Value Appreciation: Enjoy potential property value growth over time
• Diverse Tenant Mix: Minimize risk by having multiple income sources
• Prime Location: Benefit from the increasing demand for residential property in Dubai
• Professional Management: Consider hiring a property management company to optimize returns

To schedule a viewing or learn more about this exceptional investment opportunity, please contact RVRG Real Estate Brokerage. Our experienced agents can provide you with detailed information and assist you in making an informed decision.