G+8 residential/commercial plot sale in Al Rashidiya 3, Ajman
This 12,000 sq ft G+8 residential/commercial plot in Al Rashidiya 3, Ajman, priced at 3.9M AED (negotiable), is an exceptionally strong deal that sits below the standard market average for this size and location. At 325 AED per square foot, it represents a highly lucrative opportunity for developers looking to maximize Gross Floor Area (GFA) in downtown Ajman.
Deal Analysis & Feasibility Check
Valuation Benchmarks
Development Capacity (G+8 Structure)
Financial & Closing Costs Checklist
To acquire the land and prepare for the project, you must budget for the following transaction items:
Deal Analysis & Feasibility Check
Valuation Benchmarks
- Your Price per Sq Ft: 325 AED / sq ft (\(\frac{3,900,000\text{\ AED}}{12,000\text{\ sq\ ft}}\)).
- Market Baseline: Similar 12,000 sq ft plots in Al Rashidiya 3 commercial listings typically list between 4.0M AED and 4.9M AED.
- Negotiation Advantage: Because the price is marked as negotiable, securing this plot closer to 3.6M – 3.7M AED drops your cost to under 310 AED/sq ft, boosting your development margins significantly.
Development Capacity (G+8 Structure)
- Total Floors: 10 levels total (Ground Floor + 8 Residential/Commercial Floors + 1 Service/Roof level).
- Estimated Gross Floor Area (GFA): Assuming a standard 70% to 80% plot coverage ratio after setbacks, you can build approximately 8,400 to 9,600 sq ft per floor.
- Total Build-Up Area (BUA): Yields a massive potential footprint of approx. 75,000 to 85,000+ sq ft of sellable or rentable space.
Financial & Closing Costs Checklist
To acquire the land and prepare for the project, you must budget for the following transaction items:
- Ajman Land Department (ALD) Fee: 2% of final agreed purchase price (78,000 AED at 3.9M).
- Agency Brokerage Commission: Standard 2% + 5% VAT (81,900 AED).
- Site Plan & Municipality Fees: Affiliation and site drawing approval costs at Ajman Municipality.
Property Information
- TypeCommercial Plot
- PurposeFor Sale
- Reference no.Bayut - 107574-dVF72L
- CompletionReady
- Average Rent
- Added on2 June 2026
