Immeuble à Al Mowaihat, 11 chambres, 3800000 AED - 14508529

Residential Investment Building for Sale in Ajman – Al Muwaihat Area

A prime investment opportunity for those seeking real estate investment in Ajman. A residential investment building is available for sale in the Al Muwaihat area, boasting a strategic location on the corner of two streets. This prime location offers added value in terms of both location and easy access.

The building is situated in a vibrant and sought-after residential area, close to major roads connecting Ajman to the rest of the Emirates. It is also near numerous amenities such as schools, shopping centers, restaurants, supermarkets, and other essential services for residents.

Building Specifications:
The building consists of a ground floor and a first floor, situated on a 6,900 square foot plot. It is a well-organized and well-equipped building suitable for both residential and investment purposes, offering a variety of residential units to suit the needs of different tenants.

The building comprises:

4 two-bedroom apartments

6 one-bedroom apartments

2 studios

All units are currently rented on a monthly basis and are fully furnished, ensuring a steady and continuous income for the investor.

Current Rental Details
Two-bedroom apartments are rented for AED 4,500 per month.

One-bedroom apartments are rented for AED 3,200 per month.

Studios are rented for AED 2,000 per month.

The building's total monthly income is approximately AED 41,000.

The current total annual income is AED 492,000.

The projected income if the rentals are converted to an annual system is approximately AED 380,000 per year. This provides investors with the flexibility to choose the most suitable investment method, whether through monthly rentals for higher returns or annual rentals for long-term stability.

Advantages of Investing in This Building

The prime corner location increases the property's value and provides easy access.

The building is fully rented, providing immediate income from day one.

The variety of residential units, including two-bedroom, one-bedroom, and studio apartments, increases demand.

It is located in a vibrant and sought-after residential area in Ajman's rental market.

Potential for a good return on investment compared to the property's price.

Asking Price: AED 3,800,000 (Final)

This building presents a suitable investment opportunity for investors seeking a property that generates a steady income in one of Ajman's developing areas, especially given the increasing demand for furnished apartments available for monthly rent.

For inquiries, further details, or to schedule a viewing, please contact us.