Immeuble à Al Nuaimiya, 11 chambres, 1950000 AED - 16775379

Prime Residential Investment Building for Sale in Al Naimiya 2 – 2nd Plot from Main Road | Annual Income AED 159,000 with Upside Potential!
An outstanding turn-key investment opportunity to acquire an income-producing residential building in the highly sought-after Al Naimiya 2 district in Ajman! Spanning a spacious plot of 3,700 sq. ft. , this well-positioned property sits on the second plot from the main road, surrounded by daily necessities and major transit lines. Comprising 9 fully tenantable units, it currently generates AED 159,000 annually under legacy rental rates, presenting immediate potential for new owners to optimize yields upon lease renewals.

Property Features & Unit Breakdown:
- Plot Area: 3,700 Sq. Ft.
- Location: Al Naimiya 2 – 2nd plot from the main road.
- Total Units (9 Residential Units):
  - 8 x 1-Bedroom Apartments (1BHK).
  - 1 x 2-Bedroom Apartment (2BHK).
- Financial Performance: Current annual income of AED 159,000 (Legacy rates with strong growth upside).
- Surroundings: Walking distance to hypermarkets, schools, medical facilities, and quick access to highway networks.
Financial Terms & Investment Value:
- Asking Price: AED 1,950,000.
- Key Advantages: Prime location with high tenant demand + stable existing cash flow + substantial yield optimization potential.