Edificio a Al Nuaimiya, 11 camere da letto, 13000000 AED - 16496041

A high-performing, income-generating commercial and residential investment asset located in the dense, prime rental hub of Al Nuaimiya, Ajman. Occupying a land plot of 6,400 sq ft (594.63 sqm), this modern Ground + 6 Floors (G+6) building was completed in May 2016 and is equipped with a central air conditioning system. The property features a total of 49 revenue-generating units, comprising 48 residential apartments (24 one-bedroom apartments and 24 studios) along with 1 ground-floor commercial retail shop. The asset produces an established annual rental income of approximately AED 1,000,000 per year. The current rents are significantly below prevailing market rates, presenting an exceptional value-add opportunity to substantially increase the annual yield over time in accordance with applicable regulations. Offered at an asking price of AED 13,000,000.
Property Specifications & Unit Mix

Location: Al Nuaimiya, Ajman
Property Type: Residential & Commercial Multi-Story Building
Building Height: Ground + 6 Typical Floors (G+6)
Land Plot Area: 6,400 sq ft (594.63 sqm)
Completion Certificate (BCC): May 15, 2016
Cooling System: Central Air Conditioning (تكييف مركزي)
Total Revenue Units (49 Units):
- 24 One-Bedroom Apartments (1 Bedroom + Living Room)
- 24 Studio Apartments
- 1 Commercial Retail Shop

Financial Details & Growth Potential

Total Asking Price: AED 13,000,000
Current Annual Rental Income: Approx. AED 1,000,000 / year
Current Gross ROI: ~7.69%
Value-Add Upside: Current leases are notably below market value, allowing immediate rental growth upon lease renewals.

Highlights

Modern Infrastructure & Central A/C: Built in 2016 with complete central chiller systems, ensuring lower maintenance overhead and high tenant retention.
High-Demand Unit Breakdown: Composed entirely of high-velocity studios and 1-bedroom apartments paired with a street-front retail shop, ensuring virtually zero vacancy downtime.
Core Al Nuaimiya Location: Established urban district bordering Sharjah, offering unmatched convenience for commuters and rapid connectivity to Sheikh Khalifa Bin Zayed Street, Ittihad Road (E11), and Dubai.

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