Gebouw in Muwaileh Commercial, 11 slaapkamers, 13000000 AED - 16808167

Residential Building for Sale in New Muwaileh Commercial Area – 8.5% Annual Yield
An investment opportunity to own a residential building in a prime location within the New Muwaileh Commercial Area, close to City Centre Al Zahia and Sheikh Mohammed Bin Zayed Road.
Building Details:

* Ground + 3 floors
* Corner building (accessible from 3 streets)
* Land area: 7,185 sq. ft.
* Comprises 45 residential units:
* 21 one-bedroom apartments (1BR + Hall)
* 24 studios
* Age: 18 years
* Prior approval obtained to convert the ground floor into commercial shops

Current annual income: AED 1,100,000
Previous income: Reached approximately AED 1,250,000 annually
Asking price: AED 13,000,000
Location: Behind Al Thiqah Club for the Disabled; near City Centre Al Zahia and Sheikh Mohammed Bin Zayed Road.
Please contact us for further details or to arrange a viewing.