This exceptional freehold property presents a compelling opportunity to own a fully rented building in the sought-after Meydan neighborhood. Offering a stable income stream and diverse living spaces for tenants, this property makes for a secure and promising investment.

Property Details:

Property ID: SAN PP 486
Property Type: Rented Full Building
Location: Meydan near Racecourse
Ownership Type: Freehold
Plot Size: 20,000 sq.ft
Saleable Area: 42,500 sq.ft (likely includes common areas)
Height: G + 4
Number of Units: 30
Apartment Mix:
1 Bedroom: 15 units
2 Bedroom: 12 units
3 Bedroom: 3 units
Sale Price: AED 52 Million
Gross Rental Income: AED 3.6 Million
Agency Fees: 2% on Sale Price
Transfer Charge: 4% on Sale Price
Prime Location with High Demand:

Situated near the iconic Meydan Racecourse and surrounded by a growing community, this property boasts convenient access to various amenities like schools, healthcare facilities, and retail outlets. The high demand for quality housing in Meydan assures consistent rental income and potential for future appreciation.

Diversified Rental Income:

With a mix of 1, 2, and 3-bedroom apartments, this building caters to various tenant needs, ensuring a well-balanced and stable income stream. The current gross rental income of AED 3.6 million translates to a 7.1% ROI, offering a promising return on investment.

Freehold Ownership and Flexibility:

Owning the property freehold grants complete control and long-term security. You have the flexibility to manage the building yourself or leverage property management services for hassle-free income generation.

Contact RGESTATE Today:

RGESTATE is a leading real estate agency in Dubai, with a proven track record of guiding clients through successful property acquisitions. Our team of experienced professionals is dedicated to providing exceptional service and securing the best possible outcome for your investment.

Contact RGESTATE today to schedule a viewing and discuss this extraordinary opportunity to own a thriving asset in the heart of Meydan.