Immeuble à Al Nuaimiya, 11 chambres, 50000000 AED - 16847115

Looking for a large, income-producing building in the heart of Ajman? This commercial and residential tower in Al Nuaimiya 1 is a rare opportunity.
The building is 8 years old. It has a mixed-use permit: shops on the ground floor, G+4 parking levels, and 15 floors of apartments above.
What’s inside:

4 shops
1 studio apartment
75 one-bedroom apartments
30 two-bedroom apartments
30 three-bedroom apartments
89 parking spaces

Income and price:

Annual rental income: AED 4,452,600
Asking price: AED 50,000,000

Location:
The building is directly on Abu Dhar Al Ghafari Street, between Sheikh Khalifa Bin Zayed Street and Kuwait Street. It is a few minutes from Al Nuaimiya Towers, Al Safeer Mall, Thumbay Hospital and City Centre Ajman. Dubai is about 20 minutes away, which keeps demand from tenants strong.
Ownership: Freehold, open to all nationalities.
With 136 apartments, retail shops and 89 parking spaces on a main road, this is a ready asset with established rental income. Contact us today for details or to arrange a viewing.