Yes, this is a highly realistic deal that aligns perfectly with current rental rates in Falcon Towers, Al Rashidiya 2. Studios in the complex average AED 24,250 per year, making AED 25,000 in 4 payments standard for a well-maintained unit in Tower A4.
Deal Breakdown & Expenses The payment terms you provided are typical for real estate transactions in Ajman:
Annual Rent: AED 25,000
Payment Schedule: 4 cheques (AED 6,250 per payment)
Security Deposit: AED 3,000 cash (refundable upon move-out)
Tower Location: Falcon Tower A4, Al Rashidiya 2
Parking: 1 designated covered parking slot included
Hidden Costs to Keep in Mind Before finalizing the lease contract with the agent, verify if these additional fees apply:
Agency Commission: Usually 5% of the annual rent (~AED 1,250).
FEWA / Etihad Water & Electricity Deposit: Usually around AED 2,000 to AED 3,000 to activate utilities under your name.
Sewerage (Ajman Sewerage): Check if the monthly sewerage fee is included or billed separately.
Contract Registration (Tasdeeq): A fee of 5% of the rental value (~AED 1,250) required by the Ajman Municipality to legalize your tenancy contract.