RESIDENTIAL & COMMERCIAL CORNER BUILDING FOR SALE IN AL HAMIDIYAH – AJMAN | FREEHOLD FOR ALL NATIONALITIES | EXPECTED INCOME AED 800,000

RESIDENTIAL & COMMERCIAL CORNER BUILDING FOR SALE IN AL HAMIDIYAH – AJMAN | FREEHOLD FOR ALL NATIONALITIES | EXPECTED INCOME AED 800,000
A prime investment opportunity in Al Hamidiyah, Ajman, featuring a corner residential and commercial building located on two streets and directly opposite a mosque. The property offers strong current rental income with excellent potential to increase the annual income after leasing the vacant units.
Property Details:
• Location: Al Hamidiyah – Ajman
• Freehold for All Nationalities
• Corner Building on Two Streets
• Prime Location Opposite a Mosque
• Building Age: 8 Years
• Configuration: Ground + Mezzanine + 2 Floors
Building Composition:
• 9 Commercial Shops
• Mezzanine
• 14 One-Bedroom Apartments
• 4 Studios
Rental Status:
• Almost Fully Rented
• 1 Apartment Vacant
• 2 Commercial Shops Vacant
Investment Details:
• Current Annual Income: AED 708,000
• Expected Annual Income After Leasing Vacant Units: AED 800,000
Asking Price: AED 9,500,000
Approximate Gross ROI:
• Current Income: 7.45%
• Expected Income: 8.42%
A strong investment opportunity combining a prime two-street corner location, freehold ownership for all nationalities, diversified residential and commercial units, and excellent potential to increase the annual rental income to AED 800,000.