Edificio a Al Rashidiya，Al Rashidiya 3, 11 camere da letto, 10500000 AED - 16811475

Luxury Mixed-Use (Residential & Commercial) Building for Sale in Al Rashidiya 3 – Ajman | Annual Income: AED 922,000 | Freehold Ownership for All Nationalities

An exceptional investment opportunity to own a mixed-use building—featuring both commercial shops and residential apartments—in a prime, strategic location in Al Rashidiya 3, Ajman. This property offers diversified income streams within a single asset.

The building boasts a prime corner location near the Ajman Corniche, major roads, and parks. Being relatively new (5 years old), it represents a compelling opportunity for investors seeking a comprehensive real estate asset that combines a strategic location with steady annual rental income.

Strategic Location

Emirate: Ajman

Area: Al Rashidiya 3

Building Position: Corner Building

Located on the second plot from Sheikh Abdullah bin Aboud Street.

Minutes away from the Ajman Corniche.

Close to Sheikh Khalifa bin Zayed Street.

Adjacent to Al Rashidiya Park.

Approximately 20 minutes from Dubai (depending on traffic and route).

The location offers significant investment value for those looking to own a mixed-use property in a vibrant area. Its easy access to major roads and surrounding amenities enhances its appeal to both residents and business owners. Building Details

Property Type: Mixed-use (Residential & Commercial) Building

Classification: Ground + 4 Floors (G+4)

Building Age: 5 years

Land Area: 6,465 sq. ft.

Area in Square Meters: 600.7 sq. m.

Ownership Status: Freehold for all nationalities, subject to applicable regulations.

Ground Floor: Commercial shops.

Upper Floors: Residential apartments.

Building and Unit Composition

The building features a diverse mix of residential and commercial units, offering multiple streams of rental income and the ability to target various tenant segments.

Commercial Shops: 8 shops.

Studios: 9 units.

1-Bedroom Apartments: 24 apartments.

3-Bedroom Apartments: 1 apartment.

Total Units: 42 units (commercial and residential), comprising 8 shops and 34 residential apartments.

This diversity offers investors the opportunity to benefit from revenue generated by both commercial activities and residential units, rather than relying on a single property type or tenant category.

Annual Income and Investment Return

Annual Income: AED 922,000.

Asking Price: AED 10,500,000.

Estimated Gross Rental Yield: Approximately 8.78% per annum. The gross yield is calculated by dividing the declared annual income by the asking price, prior to deducting expenses for maintenance, management, operations, insurance, and any other fees or obligations.

The declared annual income serves as a key indicator for investors assessing the purchase's viability; however, it is essential to review lease agreements and actual income and expense statements to verify the net return.

Key Investment Highlights

1. Strategic Location in Al Rashidiya 3

The building is situated near the Ajman Corniche, Sheikh Khalifa Bin Zayed Street, and Al Rashidiya Park, making it a compelling location for those considering real estate investment in the emirate.

2. Integrated Residential and Commercial Property

The building comprises 8 commercial units and 34 diverse residential apartments, allowing for diversified revenue streams from both commercial activities and residential rentals.

3. Building Age: 5 Years

The building's age is a crucial factor in assessing the property's condition; however, a physical inspection of the building and its facilities and technical systems is recommended prior to purchase.

4. Declared Annual Income Exceeding AED 900,000

The stated annual income is AED 922,000, enabling investors to conduct a preliminary assessment of the expected return and compare it with other real estate opportunities.

5. Freehold Ownership for All Nationalities

An opportunity for freehold ownership is available to eligible buyers of all nationalities, subject to applicable laws, regulations, and official ownership and registration documentation. 6. Variety of Units and Sizes

The building features studios, one-bedroom apartments, and three-bedroom apartments, alongside retail shops, catering to a diverse range of tenants and uses.

Asking Price

AED 10,500,000.

Reported Annual Income: AED 922,000.

Estimated Gross Yield: 8.78% annually (pre-expense).

Who Is This Opportunity For?

This building is an ideal choice for real estate investors seeking a mixed-use property in Ajman that combines residential units and retail shops in a prime location.

It also suits investors looking to acquire an established asset that offers revenue streams from multiple sources, allowing for a return assessment based on actual lease agreements and expenses.

Don't miss the opportunity to own a mixed-use residential and commercial building in Al Rashidiya 3, Ajman. Strategically located on a 6,465 sq. ft. plot, the property comprises 8 retail shops and 34 residential apartments, generating a reported annual income of AED 922,000.

Asking Price: AED 10,500,000.

To inquire about property details, review income and rental data, schedule a viewing, and discuss purchasing procedures, please contact the seller directly.