Property description

TOWER - THE CRESCENT
DEVELOPER - DAMAC
LOCATION - IMPZ
TYPE - STUDIO
SIZE - 500.95 sq.ft
PARKING - 1 CAR PARK

RENTED AT AED 28,000/- TILL 15 JUNE 2015 WITH OFFICIAL VACATING LETTER BY LEGAL NOTICE FROM THE COURT

COST OF PROPERTY:

UNIT PRICE- AED 470,000
NOC - AED 500 (7 WORKING DAYS)
DUBAI LAND DEPARTMENT TRANSFER FEE - 4%
DUBAI LAND DEPARTMENT DESK FEE - AED 4,000
TITLE DEED CHARGES - AED 540
AGENCY FEES - 2%

TOTAL COST AED 500,840/-

* RENTAL REIMBURSMENT AS OF 15/03/2015 TO 15/06/2015 = AED7,000

TOTALPAYABLE - AED 493,840

RENTAL YIELD:

APPROXIMATELY - AED 48,000 / YEAR
SERVICE CHARGE - AED 5,270 / YEAR (AED 10.52 / SQ.FT)

NET RETURN - AED 42,730 (8.65%)

IF INTERESTED CALL SAHIL ON 0501181777

Company name: Nesterz Real Estate
RERA ORN: 12189
Address: 114 Pinnacle Sheikh Zayed, Al Barsha, Dubai
Office phone no: +97143794234
Office fax no: +97143794714
Primary email: reception.nesterz@gmail.com
Website: www.nesterz.com
Company Profile: Nesterz Real Estate is a prestigious real estate brokerage and advisory service firm having extensive experience of more than 10 years in the real estate market in Dubai. The company is duly registered with RERA (Dubai Real Estate Regulatory Agency), connecting Dubai real estate market to buyers, sellers and renters locally and globally. Nesterz Real Estate has a reputation of being a one-stop shop for every real estate related need of our clients in the UAE.At Nesterz, we believe in EDGE Every Day Great Execution to give our customers a world class experience in every interaction they have with our organization. We have always applied international standards of transparency and due diligence in buying, selling and leasing residential and commercial properties; the core of our business philosophy is integrity, customer care and results.Nesterz Real Estate is backed by a team of certified consultants with extensive knowledge of the UAE Real Estate market who stand ready to serve your property needs in a rapid and result oriented fashion.So, whether you're on the lookout for your future home or a smart investment, we are the perfect partner to achieve superior results in every situation. With its well-earned credibility and reputation, the company stands firm in being one of the market leaders in the real estate industry of UAE