The SAR 27,620 figure comes from asking rents, not confirmed completed agreements, so I agree it may overstate what I could actually achieve. The studio is in good condition partly because the tenant raises maintenance issues promptly. I’m leaning toward calculating a modest increase and showing...
SAR 27,620 is the advertised level nearby; the studio currently brings in about SAR 23,400. The difference is tempting, but the existing tenant pays promptly, cares for the property and flags maintenance before a small issue grows.
My first step is to compare like-for-like units and calculate...