Commercial building | Prime location | 12 apartments | 5 commercial shops | Excellent size | Great rental income | Negotiable | Fully leased

An investment opportunity to acquire a commercial building in Al Nuaimiya 3, Ajman, a well-established area with a mix of residential properties and commercial activities. The property sits on a 7,000 sq. ft. plot and consists of a ground floor plus two upper floors. The building comprises 12 residential apartments, each featuring three bedrooms and a living room, along with 5 commercial shops. This combination of residential and commercial units provides diversified rental income sources within one property. The building currently generates an annual income of AED 465,000, allowing prospective investors to assess the rental return against the asking price and review the property's operating expenses. Located in Al Nuaimiya 3, the property benefits from a service-oriented urban setting with access to everyday amenities and surrounding commercial facilities. The asking price is AED 5,500,000. This property may suit investors seeking an established income-generating asset in Ajman. Prospective buyers are encouraged to review the current tenancy contracts, operating costs, maintenance obligations, and applicable fees, and to verify the reported rental income before completing the purchase. A site inspection and review of the property's documentation are recommended to establish the net rental yield and overall investment suitability.
Property Details:

Property Type: Commercial Building
Location: Al Nuaimiya 3, Ajman
Plot Area: 7,000 sq. ft.
Building Configuration: Ground Floor + 2 Floors
Residential Units: 12 Apartments
Apartment Layout: 3 Bedrooms + Living Room
Commercial Units: 5 Shops
Current Annual Income: AED 465,000
Asking Price: AED 5,500,000

Audaz Real Estate