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Est. Payment AED 46.8K/mo
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Al Nuaimiya 2, Al Nuaimiya, Ajman
10+ Beds
10+ Baths
6,500 sqft
Investment Opportunity in Al Nuaimiya 2 | Annual Income Exceeding AED 1 Million
This property is a residential building offered for direct sale by the owner in the Al Nuaimiya 2 area of Ajman. It boasts a prime, strategic location just one street away from the main King Faisal Road—a key area known for its accessibility and proximity to the various services and amenities residents require daily. The building’s location offers a distinct investment advantage: while its proximity to the main road ensures easy access, its position on an internal street near the main artery provides residents with a suitable living environment, away from the direct congestion of the main thoroughfare.
The building comprises 40 residential units with varying sizes and layouts, making it suitable for a wide range of tenants. The unit mix includes 24 one-bedroom apartments (with a living room), 16 two-bedroom apartments (with a living room), and 4 three-bedroom apartments (with a living room). This diversity is a positive investment feature, as it allows the property to cater to multiple tenant segments—from individuals and small families seeking one-bedroom units to families requiring two or three bedrooms.
The property also includes 8 parking spaces, an added benefit for residents given the area's characteristics and the high value tenants place on parking availability. Thanks to its location near King Faisal Road, residents enjoy convenient mobility and easy access to major roads and surrounding areas, as well as proximity to essential services such as shops, restaurants, public transport, and other daily amenities. From an investment perspective, a key feature of the property is its existing annual rental income of AED 1,087,000—income that is already established rather than merely projected. Based on the asking price of AED 12,000,000, the approximate gross return on investment (ROI)—before accounting for operating expenses, vacancy, or maintenance costs—is around 9.06% per annum. In other words, the property generates over AED 1 million in annual income against a purchase price of AED 13 million, making it an attractive opportunity for investors seeking income-generating assets rather than simply buying to hold for future appreciation.
Rough calculations indicate that the purchase price is approximately 11 times the current annual income. Furthermore, if the total income were distributed equally across the 40 units, the average annual income per unit would be approximately AED 27,175; however, this is merely an arithmetic average, as actual rents vary based on apartment type, size, and rental value. The average investment cost per unit is approximately AED 300,000—a figure investors can use as a preliminary benchmark when evaluating the deal, though a review of specific contracts, rental details, and actual expenses is essential before making a final decision.
Another significant advantage is that the property is being sold directly by the owner. This allows the buyer or investor to negotiate directly with the owner and review the specifics of the property, income, rents, and contracts, rather than relying solely on summarized marketing information. When inspecting the property, a serious investor should request a clear breakdown of current income, lease agreements, occupancy rates, annual expenses, service charges (if applicable), the building's condition, and maintenance history. Additionally, it is crucial to verify the property's legal status and the feasibility of transferring ownership in accordance with applicable regulations.
Overall, the property combines a prime location in Al Nuaimiya 2—with close proximity to King Faisal Street—and a variety of residential units. It generates an existing annual rental income exceeding AED 1 million and is listed at an asking price of AED 13 million. Consequently, it primarily targets investors seeking immediate annual income from an established property, rather than a project requiring development or a long wait for returns to materialize.
When presenting the property to investors, it can be described as an income-generating opportunity in a prime Al Nuaimiya 2 location. It offers an approximate gross yield of 9.06% based on the asking price, an annual income of AED 1,087,000, and comprises a building with 40 diverse residential units. However, the final assessment of the deal depends on reviewing actual contracts, income and expense records, and the building's condition, as well as verifying all documentation prior to purchase.
The building comprises 40 residential units with varying sizes and layouts, making it suitable for a wide range of tenants. The unit mix includes 24 one-bedroom apartments (with a living room), 16 two-bedroom apartments (with a living room), and 4 three-bedroom apartments (with a living room). This diversity is a positive investment feature, as it allows the property to cater to multiple tenant segments—from individuals and small families seeking one-bedroom units to families requiring two or three bedrooms.
The property also includes 8 parking spaces, an added benefit for residents given the area's characteristics and the high value tenants place on parking availability. Thanks to its location near King Faisal Road, residents enjoy convenient mobility and easy access to major roads and surrounding areas, as well as proximity to essential services such as shops, restaurants, public transport, and other daily amenities. From an investment perspective, a key feature of the property is its existing annual rental income of AED 1,087,000—income that is already established rather than merely projected. Based on the asking price of AED 12,000,000, the approximate gross return on investment (ROI)—before accounting for operating expenses, vacancy, or maintenance costs—is around 9.06% per annum. In other words, the property generates over AED 1 million in annual income against a purchase price of AED 13 million, making it an attractive opportunity for investors seeking income-generating assets rather than simply buying to hold for future appreciation.
Rough calculations indicate that the purchase price is approximately 11 times the current annual income. Furthermore, if the total income were distributed equally across the 40 units, the average annual income per unit would be approximately AED 27,175; however, this is merely an arithmetic average, as actual rents vary based on apartment type, size, and rental value. The average investment cost per unit is approximately AED 300,000—a figure investors can use as a preliminary benchmark when evaluating the deal, though a review of specific contracts, rental details, and actual expenses is essential before making a final decision.
Another significant advantage is that the property is being sold directly by the owner. This allows the buyer or investor to negotiate directly with the owner and review the specifics of the property, income, rents, and contracts, rather than relying solely on summarized marketing information. When inspecting the property, a serious investor should request a clear breakdown of current income, lease agreements, occupancy rates, annual expenses, service charges (if applicable), the building's condition, and maintenance history. Additionally, it is crucial to verify the property's legal status and the feasibility of transferring ownership in accordance with applicable regulations.
Overall, the property combines a prime location in Al Nuaimiya 2—with close proximity to King Faisal Street—and a variety of residential units. It generates an existing annual rental income exceeding AED 1 million and is listed at an asking price of AED 13 million. Consequently, it primarily targets investors seeking immediate annual income from an established property, rather than a project requiring development or a long wait for returns to materialize.
When presenting the property to investors, it can be described as an income-generating opportunity in a prime Al Nuaimiya 2 location. It offers an approximate gross yield of 9.06% based on the asking price, an annual income of AED 1,087,000, and comprises a building with 40 diverse residential units. However, the final assessment of the deal depends on reviewing actual contracts, income and expense records, and the building's condition, as well as verifying all documentation prior to purchase.
Property Information
- TypeResidential Building
- PurposeFor Sale
- Reference no.Bayut - builadingsalenuim
- CompletionReady
- Average Rent
- Added on6 October 2026
Validated Information
Mortgage
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Building Information
Features / Amenities
Balcony or Terrace
Parking Spaces: 10
Centrally Air-Conditioned
Lobby in Building
+ 22 more amenities
