Gebouw in Al Nuaimiya，Al Nuaimiya 2, 11 slaapkamers, 3200000 AED - 17053822

# Building for Sale in Al Nuaimiya 2, Ajman – Annual Income AED 240,000

A great investment opportunity to own a residential building in one of the most sought-after areas of Ajman. Located in Al Nuaimiya 2, behind Kuwait Street, the building enjoys a strategic location close to essential services, shopping centers, schools, and major roads.

This property is an excellent opportunity for investors looking for a ready income-generating asset with strong potential to increase rental returns in the future, as the current rental contracts are old and below current market rates.

**Building Details:**

Location: Al Nuaimiya 2, behind Kuwait Street

Building Type: Residential

Structure: Ground Floor + 2 Floors

Plot Area: 390 SQM

Total Area: 4,200 SQFT

Building Age: 20 Years

Total Apartments: 12

**Apartment Breakdown:**

5 Apartments – 2 Bedrooms and Living Hall

7 Apartments – 1 Bedroom and Living Hall

**Maintenance and Renovation Works:**

The building has undergone extensive maintenance and renovation, both internally and externally, with special attention to improving its appearance, quality, and overall condition.

Recent improvements include:

- Complete maintenance of the building, inside and outside.
- Installation of Super General split air conditioning units in all apartments.
- Decorative upgrades to the corridors, giving the building an elegant and modern appearance.
- Installation of external granite to provide additional protection against rainwater.
- Installation of interlock paving in front of the building, improving the exterior appearance and providing additional parking space.

**Investment Details:**

Current Annual Rental Income: AED 240,000.

Excellent potential to increase the annual income by adjusting rental rates to current market values, as the existing rental contracts are old.

The building offers a balanced mix of 1-bedroom and 2-bedroom apartments, making it suitable for a wide range of tenants and supporting consistent rental demand.

**Asking Price: AED 3,200,000 – Negotiable. **

An excellent investment opportunity for buyers looking for a well-maintained, income-generating residential building in a prime location in Ajman, with the potential to achieve higher rental returns in the future.

For further details, investment inquiries, or to arrange a property viewing, please contact us.