Immeuble à Al Rawda, 11 chambres, 8600000 AED - 17082461

Investment Building for Sale in Al Rawda 3 – Ajman | Annual Income: AED 819,000

An exceptional investment opportunity to own a residential and commercial building in the Al Rawda 3 area of Ajman. Situated on three main paved streets, the property boasts a prime, accessible location—an ideal choice for investors seeking an established rental income and a stable return on investment.

Property Details:
• Location: Al Rawda 3 – Ajman.
• Land Area: 7,200 sq. ft.
• Land Dimensions: 60 × 120 ft.
• Number of Apartments: 31.
• Number of Commercial Shops: 5.
• Year of Construction: 2008.
• The building is fully tenanted.
• Located on three main paved streets.

Unit Breakdown:
• 23 one-bedroom apartments (1 bedroom + living room).
• 7 studios (each with a separate kitchen and bathroom).
• 1 two-bedroom apartment (2 bedrooms + living room).

Investment Details:
• Current Annual Income: AED 819,000.
• Projected Annual Income (upon contract renewal): AED 867,000.
• Asking Price: AED 8,600,000.

Investment Highlights:
• Established rental income; the building is fully occupied.
• Diverse mix of residential units and commercial shops.
• Prime location with frontage on three main streets.
• Potential for increased annual income upon contract renewal. A suitable property for investors seeking a residential and commercial real estate investment in the Emirate of Ajman, offering a clear annual income with the potential for higher returns upon contract renewal.

Please get in touch for inquiries and further details.