Miraclz Tower | 404 sqft | AED 580,000 | Tenant In Place

Type

Apartment

Purpose

Sale

Property Age

5 Years

Furnishing

Furnished

Average Rent

AED 45,179 Yearly

Updated

24th October 2026

Completion Status

Ready

Service Charge

13.91 AED/sqft

THE DEAL:
→ Asking: AED 580K (AED 1,432/sqft — mid-market Arjan pricing)
→ Current rent: AED 40K/year = 6.9% gross yield
→ Tenant status: Occupied (zero vacancy risk)
→ Financing: 70% LTV available (AED 406K financed, tenant pays debt) → Exit: Hold for income OR sell at market appreciation (Arjan +6–8%/yr)
WHY THIS MOVES FAST:
✓ Income starts immediately (no tenant acquisition cost/timeline)
✓ Yield is proven (not projected — tenant already paying)
✓ Portfolio-friendly entry price (capital-light scaling)
✓ Mortgage-friendly loan structure (70% LTV + tenant cashflow covers debt)
✓ Secondary market (45–60 day close)
BUYER PROFILE:
→ Portfolio investors scaling entry-level assets
→ Mortgage buyers seeking immediate cashflow
→ First-time commercial-lite investors (rented residential = lower management)
Contact for tenant details, lease terms, and financing breakdown.

Posted on: 7th August 2026