• Broker: Cluttons
  • Agent name: Usman Latif
  • RERA BRN: 422
  • Reference number: CLS-S-1074
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AED 12,000,000

10% income from a brand new building in RAK

created 04.07.2017, updated 17.09.2017
Property verified Print Report
  • Price Price
    711 aed/ft²
  • Deal type Deal type
  • Property type Property type
  • Size Size
    16900 ft2
Cluttons offer you a great investment opportunity to invest in Ras Al Khaima(Expected 11% yearly income)
  • Very high-quality Building
  • G+2 floors
  • 20 Flats Studios
  • 8 Flats 1BHK
  • 4 Flats 2BHK
  • 11 retail shops, currently transferred into two huge showrooms (Units are being converted to 2 big showrooms as per client's request)

All units are designed in an exquisite way to meet all tastes with the best finishing which gives the visitor a nice impression when he walks inside the main door.

Expected Income Calculation:

  • Showroom/Retails:
  • Showroom 1: AED 350,000
  • Showroom 2: 250,000
  • Studios @ 18,000 x 20 = 360,000
  • 1BHK @ 25,000 x 8 = AED 200,000
  • 2BHK @ 40,000 x 160,000

  • Total Expected income: AED 1,320,000 (Gross rental yield is 10% approx.)
  • Selling Price AED 12,000,000
  • As the building is just complete so there is no maintenance or service work required.

Cluttons is an international real estate services company with almost 40 years experience in the UAE. Cluttons operates in both the residential and commercial property markets with services including residential sales and lettings, commercial leasing and investment, consultancy, property management and valuation. Whether managing a large portfolio for a corporate client, or helping a family find the perfect home, we make it easy.

Call Usman Latif on call us / call us or visit cluttons.com for further details
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Approximate cost is 33,993 AED/month
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