Gebouw in Al Hamidiyah，Al Hamidiya 1, 11 slaapkamers, 15000000 AED - 16506576

INCOME-GENERATING BUILDING FOR SALE IN AL HAMIDIYAH, AJMAN

A strong investment opportunity for investors looking for an income-generating residential building in a well-established and active area of Ajman.

The property consists of Ground Floor + 6 Floors + Roof and offers a diversified income structure through residential apartments, a penthouse, retail shops, and parking spaces. This combination provides the investor with multiple income streams and makes the property suitable for long-term investment.

The building consists of 24 two-bedroom apartments, with each apartment featuring a practical layout and 3 bathrooms, providing comfortable accommodation and making the units attractive to families and long-term tenants.

The property also includes 1 penthouse, 3 commercial shops, and 11 parking spaces, adding further sources of rental income beyond the residential units.

Expected Annual Rental Income:

24 Two-Bedroom Apartments × AED 47,000 = AED 1,128,000 per year

1 Penthouse = AED 70,000 per year

3 Commercial Shops × AED 35,000 = AED 105,000 per year

11 Parking Spaces × AED 1,500 = AED 16,500 per year

TOTAL EXPECTED ANNUAL INCOME: AED 1,319,500

Property Details:

Location: Al Hamidiyah, Ajman

Land Area: 7,000 sq. ft.

Building Configuration: Ground + 6 Floors + Roof

Unit Mix: 24 Two-Bedroom Apartments + 1 Penthouse

Bathrooms: 3 Bathrooms per Two-Bedroom Apartment

Commercial Units: 3 Shops

Parking: 11 Spaces

Asking Price: AED 15,000,000

The property offers an attractive investment profile due to its diversified rental income and the large number of residential units. The combination of 24 two-bedroom apartments, a penthouse, commercial shops, and parking spaces allows the investor to benefit from several rental income sources rather than relying on a single property type.

Awtan Real Estate
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