Two-bedroom apartment with a living room for annual rent in Al Rashidiya Towers, opposite Nesto Al Rashidiya, overlooking the creek. Annual rent is AED 40,000, payable in 4 or 6 installments. Security deposit by check. That sounds like a solid deal for Al Rashidiya Towers, especially with a creek view and flexible payment options. To help you move forward or verify this listing, here are a few things to consider:
Payment Plan: Paying in 6 installments (AED 6,666 per check) is generally better for cash flow than 4 installments (AED 10,000 per check).
Security Deposit: Since it's a post-dated check, ensure you have a clear receipt or a mention of the deposit terms in the tenancy contract to ensure it's refundable upon move-out.
View & Floor: "Overlooking the creek" usually commands a premium in Al Rashidiya. If you haven't seen it yet, check if it's a full or partial view, as this affects the long-term value.
Total Move-in Cost: Don't forget to budget for the agency fee (typically 5%), FEWA/Utility deposits, and the Attestation (Tasdeeq) fee for the contract. [1]
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