10
Prime Commercial Residential Corner Building G+8 Building | 103 Units Including 9 Shops| 11.1% Income | 23 Yrs. Old
Bright Way Properties presents an exceptional full-building investment opportunity in Nuaimiyah 2, Ajman. Al Mesbah Building is a fully operational G+8 commercial-residential asset offering immediate cash flow and significant upside potential. Priced at AED 15.3 Million, this property delivers a current gross yield of over 10.5%, with projected income reaching AED 1.7M annually upon lease renewals—translating to an impressive 11.1% expected return.
INVESTMENT HIGHLIGHTS:
LOCATION ADVANTAGE: Situated in the heart of Nuaimiyah 2, the building benefits from consistent tenant demand due to proximity to Ajman University, major hypermarkets, and direct access to Sheikh Rashid Bin Saeed Street. The area’s established infrastructure ensures low vacancy periods and steady capital appreciation.
WHY THIS ASSET? An 11% yielding building in Ajman is rare. With only 3 vacant units to stabilize, this is a near-turnkey investment for portfolio diversification. The 22-year-old structure is well-maintained and fully tenanted, minimizing operational risk. At 15.3M, the entry price has been optimized to maximize investor returns.
For title deed verification, detailed income sheets, and site inspection, contact Bright Way Properties at .
INVESTMENT HIGHLIGHTS:
- Total Asking Price: AED 15,300,000
- Current Annual Income: AED 1,611,400 (~10.53% Yield)
- Expected Annual Income: AED 1,700,000 (~11.11% Yield)
- Total Units: 103 (69 Studios, 24 One-Bedrooms, 9 Retail Shops, 1 Office)
- Occupancy: 100 units currently rented; only 3 vacant units (Studios 403, 508 & 1BR 706) ready for immediate leasing at market rates.
- Total Area: 8,002.07 Sq. Ft.
LOCATION ADVANTAGE: Situated in the heart of Nuaimiyah 2, the building benefits from consistent tenant demand due to proximity to Ajman University, major hypermarkets, and direct access to Sheikh Rashid Bin Saeed Street. The area’s established infrastructure ensures low vacancy periods and steady capital appreciation.
WHY THIS ASSET? An 11% yielding building in Ajman is rare. With only 3 vacant units to stabilize, this is a near-turnkey investment for portfolio diversification. The 22-year-old structure is well-maintained and fully tenanted, minimizing operational risk. At 15.3M, the entry price has been optimized to maximize investor returns.
For title deed verification, detailed income sheets, and site inspection, contact Bright Way Properties at .
Property Information
- TypeCommercial Building
- PurposeFor Sale
- Reference no.Bayut - 110133-XWlr1n
- CompletionReady
- Average Rent
- Added on11 October 2026
Validated Information
Mortgage
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Building Information