Residential & commercial building for sale in Al Nuaimiya 1, Ajman, corner location, AED 1.8M annual income with 8.57% ROI, prime location

Residential & Commercial Building for Sale in Al Nuaimiya 1 – Ajman

An excellent investment opportunity to own a modern residential and commercial building in a strategic and highly visible location. The property is situated on the corner of two streets and directly on a main road, opposite Al Hikmah School and the roundabout, with views towards Ramada Black Hotel.

Property Details:
Location: Al Nuaimiya 1, Ajman
Land Area: 10,120 sq. ft.
Completion Certificate Date: 01/01/2022
Building: Ground Floor + 4 Floors + Roof
Indoor Parking: 14 Spaces

Unit Breakdown:
9 Commercial Shops
3 Studios
24 One-Bedroom Apartments with Living Room
16 Two-Bedroom Apartments with Living Room
Roof currently rented to a gym

Total Residential & Commercial Units: 52 units, plus the rented rooftop.

Annual Rental Income: AED 1,800,000
Asking Price: AED 21,000,000
Current Gross ROI: Approximately 8.57%

Location Highlights:
Prime location in Al Nuaimiya 1, Ajman
Corner property on two streets
Directly located on a main road
Opposite Al Hikmah School and the roundabout
Views towards Ramada Black Hotel
Easy access to Al Ittihad Street and major roads
Close to schools, supermarkets, restaurants and essential daily services
High-demand residential and commercial area
Modern income-generating property suitable for investors seeking a strong real estate investment in Ajman

Asking Price: AED 21 Million