Gebouw in Al Rawda, 9000000 AED - 16842973

A prime investment opportunity to own a residential and commercial building in a strategic location directly on Sheikh Ammar Street in Ajman. The property offers a strong current annual rental income and a diversified mix of commercial and residential units.
Property Details:

Location: Al Rawda 2, Ajman
Property Type: Residential and Commercial Building
Location Advantage: Directly on Sheikh Ammar Street
Building Permit: Ground Floor + 3 Floors
Land Area: 450 square metres
Total Area: 4,844 sq. ft.
Retail Shops: 2
Apartments: 12 one-bedroom apartments with living rooms
Studios: 8
Current Annual Rental Income: AED 741,000
Asking Price: AED 9,000,000

Investment Highlights:

Prime frontage directly on a main road.
Diversified income from retail shops, apartments, and studios.
Attractive existing rental income.
Suitable for investors seeking a long-term income-generating property in Ajman.

Approximate Gross Rental Yield: 8.23% per year, before maintenance, operating expenses, and other costs.
For further details and to arrange a viewing, please get in touch.