Immeuble à Al Rashidiya, 11 chambres, 11000000 AED - 16970386

For Sale: Prime Residential & Commercial Building in Al Rashidiya, AjmanExcellent Investment Opportunity with Strong Annual Rental Income
Own a residential and commercial building in Al Rashidiya, Ajman, strategically located on Abdullah Bin Abboud Main Street, with access from both a front road and a rear road. The building offers an excellent opportunity for investors seeking a property with multiple income sources in a vibrant area of Ajman.
Combining residential apartments and commercial shops in one property, this building is an attractive investment option for those looking to generate rental income from both residential and commercial units.
Property Details:

Location: Al Rashidiya, Ajman
Property Type: Residential & Commercial Building
Building Structure: Ground Floor + 6 Floors
Plot Area: 6,000 sq. ft.
Total Built-up Area: 31,500 sq. ft.
Number of Apartments: 42 One-Bedroom Apartments
Number of Commercial Shops: 5
Parking Spaces: 4
Air Conditioning: Central AC
Building Age: 12 Years
Annual Rental Income: AED 916,000
Asking Price: AED 11,000,000

Location Advantages:

Prime location on Abdullah Bin Abboud Main Street.
Access from both the front and rear roads.
Located in a vibrant area suitable for residential and commercial activities.
Combines residential apartments and commercial shops within one property.
42 residential apartments offering multiple rental opportunities.
5 commercial shops providing an additional source of income.
Central air conditioning for residents' comfort.

Why Invest in This Property?
This building offers diversified income streams through its residential apartments and commercial shops. Its strategic location, substantial built-up area, and annual rental income of AED 916,000 make it an attractive option for investors looking to acquire an income-generating property in Ajman.
The asking price is AED 11 million. Investors are advised to review operating expenses, maintenance costs, and actual occupancy rates to determine the net rental yield.
Asking Price: AED 11,000,000
For further details and to arrange a property viewing, please get in touch.
A promising investment opportunity in Al Rashidiya, Ajman, combining a prime location, multiple rental units, and diversified income sources.