Gebäude in Al Rashidiya, 11 schlafzimmer, 8300000 AED - 16506306

Investment Building for Sale in Al Rashidiya, Ajman | AED 795,000 Annual Income | AED 8,300,000An income-generating investment building for sale in Al Rashidiya, Ajman, currently generating AED 795,000 in annual rental income. The property is strategically located on Al Ittihad Street, opposite Falcon Towers and beside Middle East, with convenient access to Nesto Hypermarket, main roads, and key areas across Ajman.
The building is situated on a corner plot with frontage on two asphalt roads, offering excellent visibility and accessibility. With 36 units and 5 shops, the property provides a diversified rental structure and strong investment potential.

Property DetailsLand Area: 4,200 Sq. Ft.
Building: 4 Floors
Building Age: 15 Years
Total Units: 36
30 One-Bedroom Apartments
1 Studio
5 Shops
Corner Building
Located on Two Asphalt Roads
Excellent & Strategic Location

Current Rental IncomeCurrent Annual Income: AED 795,000
The current income does not include the rental value of 3 shops that are currently vacant, providing potential for additional rental income once these shops are leased.
Based on the current annual income and asking price, the property offers an approximate gross rental yield of 9.58%, before expenses and vacancy considerations.

Strategic LocationThe building is located on Al Ittihad Street in Al Rashidiya, one of the convenient areas of Ajman.
It is directly opposite Falcon Towers, beside Middle East, and close to Nesto Hypermarket. The location provides easy access to major roads and various vital areas within Ajman, making it convenient for both residents and tenants.

Investment HighlightsStrong Current Annual Income of AED 795,000
36 Total Rental Units
30 One-Bedroom Apartments
1 Studio
5 Shops
3 Currently Vacant Shops with Additional Income Potential
Corner Building on Two Asphalt Roads
Strategic Al Ittihad Street Location
Opposite Falcon Towers
Close to Nesto Hypermarket
Easy Access to Main Roads
15-Year-Old Building
Suitable for Long-Term Investment

Sale DetailsAsking Price: AED 8,300,000
Negotiability: Slightly Negotiable
Current Annual Income: AED 795,000
Land Area: 4,200 Sq. Ft.

A Strong Investment Opportunity in AjmanA well-located investment building offering a substantial existing rental income, a diversified mix of residential units and shops, and additional income potential from the currently vacant shops. Its corner position, strategic location on Al Ittihad Street, and proximity to key commercial and residential areas make it an attractive option for investors seeking an income-generating property in Ajman.