Grundstück in Al Zahya, 640000 AED - 16885293

This residential investment plot in Al Zahia is a prime opportunity for those looking to invest in real estate or build a private villa in one of the most sought-after areas for villa development in Ajman. The land measures 3,014 square feet, providing ample space for planning a residential project tailored to the owner's needs, in accordance with approved building regulations, coverage ratios, and permitted setbacks in the area.

The land is zoned for residential investment – villas – a significant advantage for buyers seeking a property that allows for development. Whether the goal is to build a villa for personal residence or to invest in a residential unit for rental or resale, this is subject to the building codes and permitted land uses. This type of property allows buyers to consider long-term investment, with the potential to develop a project that aligns with their budget and investment plan.

In terms of size, the 3,014 square feet provides the buyer with sufficient land to plan a villa with a practical design, allowing for the consideration of room layouts, facilities, and outdoor spaces according to approved plans and regulatory requirements. The buyer can consult an engineering firm to determine the best possible land design, maximizing the use of available space while considering parking requirements, open areas, and legal setbacks.

The asking price for the land is AED 590,000, excluding registration fees. This means the buyer needs to factor in property registration fees and any other applicable administrative or transaction fees, in addition to the land value, to accurately determine the total cost of the transaction before finalizing the deal.

Based on the price and size, the land is priced at approximately AED 195.75 per square foot. This is a preliminary indicator that can be used when comparing the land to other plots in the area in terms of size, classification, precise location, and building regulations. However, assessing the attractiveness of the price as an investment depends on the prices of similar land available in Al Zahia, as well as the land's location within the area, its accessibility, surrounding services, and approved development and building regulations.

This land is suitable for buyers looking to own land and build a villa according to their specific needs. It may also be a worthwhile option for investors seeking a residential development opportunity to generate future returns. The feasibility of the investment can be better determined after studying the costs of construction, finishing, utilities, and fees, in addition to estimating the market value of the villa after completion or its expected rental value if the goal is to own and rent the property.

Before making a purchase decision, it is important to verify the title deed, the land's zoning classification, the permitted building ratio, the approved number of floors, setbacks, and any specific villa design requirements. It is also advisable to check the official registration fees to ensure a clear overall budget from the outset.

In summary: A 3,014 sq ft plot of land in Al Zahia, zoned for residential investment villas, is available for AED 590,000, excluding registration fees. This is a worthwhile opportunity for those looking to build a villa or develop a real estate project. It is essential to verify the location details, zoning requirements, and additional costs before finalizing the purchase.