Edificio en Al Nuaimiya，Al Nuaimiya 2, 11 dormitorios, 2800000 AED - 16325707

A prime investment opportunity for those seeking an income-generating property in a vibrant and sought-after location in Al Nuaimiya 2, Ajman. The building boasts an excellent strategic location directly on Kuwait Street, a bustling and easily accessible area, giving the property a strong investment advantage in terms of both occupancy and future property value retention.

One of the building's key advantages is its corner location, providing a prominent storefront, enhanced visibility for the shops, and easy access to the building's entrances. Its location on a main street also gives it a strong commercial presence and increases its appeal to tenants, particularly for the retail shops within the building.

The property is classified as a mixed-use residential/commercial building, comprising a ground floor and a first floor, with a total area of approximately 2,497 square feet. It features a variety of units, including six retail shops and diverse residential units to suit the needs of different tenant segments. The property comprises one one-bedroom apartment, one two-bedroom apartment, and one three-bedroom apartment, providing a diversified income stream between commercial and residential units.

The building is currently generating income, with an annual revenue of AED 227,000. This makes it an ideal choice for investors seeking an existing, rented property rather than one that requires a longer period to generate returns. The location of the commercial units directly on Kuwait Street, alongside the residential units, provides the property with multiple income streams and reduces reliance on a single unit type.

The asking price is AED 2,800,000, and this price is final. Based on the current annual income of AED 227,000, the total income represents approximately 8.1% of the purchase price annually before accounting for expenses and operating costs. This is a significant indicator for investors assessing the property's investment viability.

This building is particularly suitable for those seeking a ready-to-move-in, income-generating real estate investment in Ajman, with a prime location, commercial frontage, diverse unit options, and a consistent annual income stream. Its location directly on Kuwait Street and at the corner of two streets also provides the added advantage of easy access and commercial visibility, both crucial factors when evaluating rental-based investment properties.

In short, we are looking at a mixed-use residential/commercial building in Al Nuaimiya 2, with a very distinguished location directly on Kuwait Street, at the corner of two streets, and a total area of 2,497 square feet.