Hot Deal | Elegant Studio | OP Price
- Edge
- RAK Properties
- Studio
- 400 sq ft
Asking price
AED 781,000
Estimated confidence
Low
The asking price. No benchmark yet.
There aren't enough recent sales or comparable listings in Mina Al Arab to estimate a market value. So we show no discount and no profit figure.
- AED 1,953 per sq ft asked
Estimated confidence
A 0–100 score modelled from five signals. An estimate, not advice.
- Location
- 60 / 100
- Developer record
- 55 / 100
- Price gap
- 0 / 100
- Market demand
- 55 / 100
- Floor and view
- 65 / 100
Property details
- Property type
- Apartments
- Status
- Off-plan
- Developer
- RAK Properties
- Bedrooms
- Studio
- Size
- 400 sq ft
- Floor
- Not listed
- View
- Not listed
- Building
- Edge
- Asking price per sq ft
- AED 1,953
- Area average per sq ft
- Not listed
- Service charge
- Not listed
- Emirate
- Ras Al Khaimah
Cost breakdown
What it takes to close, fee by fee. Fees are estimated at standard rates.
- Asking price
- AED 781,000
- RAKLD transfer fee (4%)
- AED 31,240
- NOC fee
- AED 5,000
- Legal and miscellaneous
- AED 4,000
- Total fees
- AED 40,240
- Total investment required
- AED 821,240
Things to check
Flags raised by this listing's own numbers. Worth a look before you move.
Off-plan — handover & completion risk
No rental income until handover, and returns depend on the developer delivering on time and to spec. Check the payment plan and completion date.
No market benchmark available
There are not enough recent sold transactions or comparable listings to estimate a market value for this property, so no discount or profit figure is shown.
Moderate confidence score
AI confidence is 41/100 — below the 85+ "strong buy" band. Worth extra diligence before committing.
Comparable sales, Edge
No comparable sales to show for this building yet.
Price per sq ft in Mina Al Arab
Modelled monthly average over the last 18 months.
Estimated rental yield
Based on average rents in Mina Al Arab.
Estimated net yield
2.4%
Estimated gross yield
3.1%
- Estimated monthly rent
- AED 2,000
- Estimated annual rent
- AED 24,000
- Service charge per year
- AED 3,600
- Net annual income
- AED 18,480
Assumes 92% occupancy. Real income varies with condition, furnishing and the market.
Three ways out. Compared.
No market benchmark yet, so each strategy starts from the asking price. Adjust the assumptions to match your view.
Off-plan values tend to rise fastest as handover nears. We start from 12% annual appreciation here. Change it under Edit assumptions.
Pre-handover flip
Assign the contract before completion.
- Sale priceest.
- AED 781,000
- Total costs
- AED 40,240
- Net profit
- −AED 40,240
- Return
- −4.9%
- Time to exit
- about 6 months
Sell at handover
Hold through completion, 18 months.
- Sale priceest.
- AED 925,717
- Total costs
- AED 40,240
- Net profit
- +AED 104,477
- Return
- +12.7%
- Time to exit
- about 18 months
Hold and rent
Rent it out after handover.
- Annual rentest.
- AED 62,484
- Service chargeest.
- AED 13,277
- Gross yield
- 7.6%
- Income starts
- After handover
Completion uplift plus the first year of rent after handover.
Projections are illustrative and depend on the assumptions above. Not financial advice.
Mina Al Arab, Ras Al Khaimah
Approximate area location. The exact address is on the source listing.
Verify with RAKLD.
FlipFinder surfaces opportunities. It does not confirm legal status. Check these first.
Registration
Confirm the unit and its ownership record with RAKLD.
Title deed
Issued on completion. Until then, check the sale agreement and its registration.
Ownership type
Confirm whether the property is freehold or leasehold, and that you are eligible to buy.
The listing itself
Open the source listing and check its permit number, price and availability are current.