Immeuble à Al Rumaila, 11 chambres, 3999999 AED - 16541240

Investor Deal – Fully Rented Freehold Residential Building for Sale in Al Rumaila 2, Ajman CornicheA rare opportunity for investors to acquire a fully rented freehold residential building in one of Ajman's most established and high-demand locations, Al Rumaila 2 – Ajman Corniche Area.
This income-generating asset offers immediate rental returns, excellent tenant demand, and strong future appreciation potential due to its prime location near the beach, Corniche, commercial facilities, and major road networks.
The property is ideal for investors looking for a stable rental income asset with future flexibility and growth opportunities.

Property Details

Property Type: Residential Building
Purpose: Sale
Ownership: Freehold
Location: Al Rumaila 2 – Ajman Corniche Area
Structure: Ground + 3 Floors (G+3)
Total Floors: 4
Total Units: 12 Apartments
- Unit Mix:8 Apartments – 2 Bedrooms + Living Room
- 4 Studios
Occupancy Status: Fully Rented
Condition: Ready Building
Plot Area: Approximately 235 Sq. M.
Elevator: Not Available Currently

Investment Details

Asking Price: AED 3,999,000 (Negotiable)
Current Annual Rental Income: AED 409,600
Potential Annual Rental Income After Renewals: Up to AED 430,000
Annual Building Expenses: AED 55,600
Current Net Annual Income: AED 354,000
Approximate ROI: 9%

The property provides an excellent opportunity for investors seeking a ready income-producing building with potential rental growth. A 5% rental increase can be considered upon renewal of each apartment contract, subject to applicable regulations, creating additional yearly income potential.

Future Investment PotentialThe building offers additional value through the possibility of applying for approval from the relevant authorities to sell individual apartments separately (subject to obtaining required approvals).
This provides investors with flexibility for future exit strategies and the potential to maximize capital appreciation.

Location AdvantagesLocated in the sought-after Al Rumaila 2 area, close to Ajman Corniche, offering convenient access to:

Ajman Beach and Corniche
Sheikh Humaid Bin Rashid Al Nuaimi Street
Sharjah border and Dubai connectivity
Shopping malls and retail destinations
Hospitals and medical centres
Schools and nurseries
Restaurants, cafés, and supermarkets
Public transportation facilities

Al Rumaila is a well-established residential community known for its central location, strong rental demand, and easy connectivity to major areas of Ajman and the UAE.

Why Invest in This Property? Freehold ownership
Fully rented building with immediate income
Strong rental demand location
Approximately 9% ROI
Future rental growth potential
Possibility of individual apartment sale approval
Prime Corniche area location
A perfect opportunity for investors looking for a secure real estate asset with stable returns and future growth potential.