Immeuble à Al Rashidiya, 11 chambres, 8500000 AED - 16188171

Property Overview
Location: Ajman

Property Age: 15 years

Land/Plot Area: 4,253 Sqft.

Configuration: Ground floor + 5 Upper floor

Cooling System: Central Air Conditioning

Financial Highlights
Current Annual Income: AED 742,000

Asking price: AED 8,500,000

Upside Potential: 3 vacant shops currently not included in the existing income figure, offering immediate potential to increase total rental yield.

Building Composition & Layout
Retail Shops: 5 shops total (includes the 3 currently vacant units with high rental potential)

Studio apartments: 1 unit

Residential Units: 30 units (comprising rooms and living rooms)

Investment Summary
This well-established, multi-story building in Ajman presents an attractive commercial and residential investment. Generating a solid current income of AED 742,000, the property offers immediate value-add potential through the leasing of its 3 vacant retail shops.