Immeuble à Al Hamidiyah，Al Hamidiya 1, 11 chambres, 7200000 AED - 16815343

Corner Residential and Commercial Building for Sale in Al Hamidiyah 1, Ajman
An excellent investment opportunity to acquire a corner residential and commercial building in Al Hamidiyah 1, Ajman, offering a diversified mix of commercial shops and residential apartments, with existing rental income and potential for future income growth following tenancy contract renewals.
The building is only 5 years old and occupies a plot of 6,727 sq. ft. , with a total built-up area of 19,956 sq. ft. Its corner position and mixed-use configuration make it an attractive option for investors seeking an income-generating property in Ajman.
Building Composition
8 Commercial Shops
2 Three-Bedroom Apartments with Living Rooms
5 Two-Bedroom Apartments with Living Rooms
1 One-Bedroom Apartment with Living Room
4 Studio Apartments
1 Watchman’s Room
The stated total is 21 units, including residential units, commercial shops, and the watchman’s room.
Property Details
Location: Al Hamidiyah 1, Ajman
Property Type: Residential and Commercial Building
Position: Corner Plot
Plot Area: 6,727 Sq. Ft.
Built-Up Area: 19,956 Sq. Ft.
Building Age: 5 Years
Current Annual Rental Income: AED 562,000
Projected Annual Rental Income After Contract Renewals: AED 675,360
Asking Price: AED 7,200,000
Investment Highlights
Established annual rental income of AED 562,000
Potential rental income increase to AED 675,360 following tenancy contract renewals, based on the provided projection
A diversified mix of commercial and residential units
Corner location suitable for a mixed-use investment
Current Gross Rental Yield: Approximately 7.81% per annum
Projected Gross Rental Yield: Approximately 9.38% per annum after contract renewals, based on the stated projected income and asking price, before maintenance, service charges, and other expenses.
This property presents an attractive opportunity for investors seeking a mixed-use building with existing rental income and potential for improved returns in Al Hamidiyah 1, Ajman.
For further details or to arrange a viewing, please contact us.