Appartement in Sheikh Khalifa Bin Zayed Street, 1 slaapkamer, 310000 AED - 16932891

An opportunity to own a one-bedroom apartment in Emirates City, Ajman. Located on the seventh floor, the unit spans 956 square feet and includes a bedroom, a living room, two bathrooms, a closed kitchen, and a dedicated parking space.

The apartment offers a direct view of Sheikh Khalifa Street. It is currently tenanted for AED 26,000 per year (paid in a single installment), with the lease agreement expiring at the end of November. Upon renewal, there is potential to negotiate an increase in the rent.

The asking price is AED 310,000, which is negotiable for serious buyers. Based on the current rent and the asking price, the gross annual rental yield is approximately 8.4% (before expenses).

Emirates City is a residential and commercial district in Ajman, situated near Sheikh Mohammed bin Zayed Road, providing convenient access to Dubai, Sharjah, and the other emirates. The area is well-served by local shops, supermarkets, restaurants, and essential daily services. Shopping destinations—such as City Centre Ajman and various other malls—are easily accessible by car, and there are schools and medical centers located nearby. This property is an excellent choice for those looking to acquire a tenanted unit with an existing rental yield, or for those planning to reside in it once the current lease expires. Please feel free to contact me for inquiries or to discuss the offer.