Immeuble à Al Mowaihat，Al Mowaihat 1, 11 chambres, 22000000 AED - 16860130

In Ajman's growing real estate market, a prime investment opportunity is available for sale: a brand new, fully leased building in Al Muwaihat 1. Its strategic location on the corner of two streets enhances its investment appeal.

The land area spans 20,000 square feet, while the built-up area is 58,000 square feet, providing ample space for various uses. The two-story building, permitted as G+2, comprises 68 apartments and 15 retail units, along with two elevators for easy access.

The apartments are divided into 34 studios and 34 one-bedroom units, reflecting a diverse range of housing options for tenants. The building is only three years old, ensuring its modernity and high-quality construction.

One of the building's most significant advantages is its 10% annual return, generating an annual income of AED 2,100,000. This makes it an attractive option for investors seeking stable and profitable returns.

The asking price for this building is AED 22 million, negotiable, offering investors a great deal amidst competitive market conditions. Furthermore, the building boasts freehold ownership for all nationalities, opening it up to a wide range of international and local investors.

Overall, this building represents an unmissable investment opportunity for those looking to expand their real estate portfolio in Ajman, benefiting from attractive financial returns and a prime strategic location.