11
Est. Payment AED 97.2K/mo
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Al Hamidiya 1, Al Hamidiyah, Ajman
10+ Beds
10+ Baths
9,687 sqft
Building for sale in Al-Hamidiyah: Ground floor + 2 parking levels + 12 residential units / Excellent return 9.8%
A distinctive residential and commercial building is for sale in the Al-Hamidiyah area. Its strategic and vibrant location makes it an ideal real estate opportunity for investors seeking an established property with high-quality features and a strong annual income potential. The building boasts an excellent location, being the second building from the main Sheikh Ammar Street. This provides easy access and proximity to main roads, services, and surrounding amenities, enhancing the property's appeal for both investment and future rental.
The building sits on a 900-square-meter plot (approximately 9,687 square feet) and is zoned for residential and commercial use. It comprises a ground floor plus two upper floors, offering versatile use options. The building also includes three retail shops, providing a significant source of income and enhancing the property's investment value, especially given its close proximity to the main street.
The residential section consists of 48 one-bedroom apartments and 48 two-bedroom apartments, providing a substantial number of rental units and contributing to a strong and stable annual income. The building also boasts 62 parking spaces, a crucial feature for this type of property, providing greater convenience for residents, tenants, and shop owners.
The 12-year-old building is fully occupied and generates an annual income of approximately AED 2,650,000, making it a clear investment opportunity for those seeking an income-generating property rather than starting from scratch with a new project. The abundance of residential units, commercial shops, and parking spaces diversifies the property's income streams, making it an attractive investment.
The building is offered for sale at AED 27,000,000, presenting a suitable opportunity for investors looking to own a mixed-use residential property in a prime location in Al Hamidiya. It offers a steady annual income, a substantial land area, and ample parking. Its proximity to Sheikh Ammar Street and its position as the second building from the street provide significant advantages in terms of location, accessibility, and surrounding commercial and residential activity.
This is an investment opportunity that combines a prime location, large area, mixed residential and commercial use, multiple units, shops, a large number of parking spaces, and high annual income, making it a worthwhile option for an investor looking for an existing, income-generating property in a vibrant area.
The building sits on a 900-square-meter plot (approximately 9,687 square feet) and is zoned for residential and commercial use. It comprises a ground floor plus two upper floors, offering versatile use options. The building also includes three retail shops, providing a significant source of income and enhancing the property's investment value, especially given its close proximity to the main street.
The residential section consists of 48 one-bedroom apartments and 48 two-bedroom apartments, providing a substantial number of rental units and contributing to a strong and stable annual income. The building also boasts 62 parking spaces, a crucial feature for this type of property, providing greater convenience for residents, tenants, and shop owners.
The 12-year-old building is fully occupied and generates an annual income of approximately AED 2,650,000, making it a clear investment opportunity for those seeking an income-generating property rather than starting from scratch with a new project. The abundance of residential units, commercial shops, and parking spaces diversifies the property's income streams, making it an attractive investment.
The building is offered for sale at AED 27,000,000, presenting a suitable opportunity for investors looking to own a mixed-use residential property in a prime location in Al Hamidiya. It offers a steady annual income, a substantial land area, and ample parking. Its proximity to Sheikh Ammar Street and its position as the second building from the street provide significant advantages in terms of location, accessibility, and surrounding commercial and residential activity.
This is an investment opportunity that combines a prime location, large area, mixed residential and commercial use, multiple units, shops, a large number of parking spaces, and high annual income, making it a worthwhile option for an investor looking for an existing, income-generating property in a vibrant area.
Property Information
- TypeResidential Building
- PurposeFor Sale
- Reference no.Bayut - BUILDINGHAMIDIYA
- CompletionReady
- Average Rent
- Added on23 August 2026
Validated Information
Mortgage
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Building Information
Features / Amenities
Parking Spaces: 20
Flooring
Centrally Air-Conditioned
First Aid Medical Center
+ 19 more amenities
