Income-Generating Residential & Commercial Building for Sale in Ajman Corniche

An investment opportunity in Al Rumailah 1, near Ajman Corniche. This residential and commercial building comprises 26 two-bedroom apartments with living rooms and 4 retail shops, generating a stated annual rental income of AED 750,000.
Situated in a prominent area of Ajman, the property combines residential units and commercial shops, offering investors multiple rental income sources within one investment asset. It may suit buyers looking to expand their real estate portfolio with an established income-generating property.
Property Details:

Location: Al Rumailah 1, Ajman Corniche
Property Type: Residential and commercial building
Residential Units: 26 two-bedroom apartments with living rooms
Retail Units: 4 shops
Plot Area: 4,200 sq. ft.
Built-up Area: 24,000 sq. ft.
Building Configuration: Ground floor + 6 floors
Building Age: 18 years
Stated Annual Rental Income: AED 750,000
Asking Price: AED 7,500,000

This property offers a combination of residential and commercial rental income in an established Ajman location. It is worth considering for investors seeking a building with an existing rental portfolio and long-term investment potential.