For sale: Building in Al Rashidiya, Ajman, opposite Falcon Towers. 32 apartments, annual income AED 1,020,600, plot area 8,602 sq. ft. Price: AED 14.2

For Sale – Residential & Commercial Building in Al Rashidiya, Ajman | Prime Investment OpportunityA prime investment opportunity to own a residential and commercial building in the heart of Al Rashidiya, Ajman, directly opposite Falcon Towers. The property enjoys a strategic location in a vibrant area with convenient access to essential services and surrounding facilities, making it an attractive option for investors seeking a property with strong annual rental income and long-term investment potential.
The building features a spacious layout and a variety of residential units, offering investors diversified rental opportunities in one of Ajman's established residential areas.

Property Details

Location: Al Rashidiya, Ajman
Landmark: Directly opposite Falcon Towers
Property Type: Residential & Commercial Building
Plot Area: 8,602 sq. ft.
Built-up Area: 34,500 sq. ft.
Building Permission: Ground Floor + 4 Floors
Building Age: 7 Years

Building ConfigurationThe building comprises a total of 32 residential apartments, distributed as follows:

16 Two-Bedroom Apartments with Living Rooms: Suitable for families seeking comfortable living spaces.
16 One-Bedroom Apartments with Living Rooms: Ideal for individuals and small families, offering flexibility in targeting different tenant segments.

This diverse unit mix allows investors to cater to a wider range of tenants and benefit from multiple rental income sources.

Annual Rental Income & Investment Returns

Total Annual Rental Income: AED 1,020,600
Asking Price: AED 14,200,000
Approximate Gross Annual Rental Yield: 7.19% of the asking price, before operating expenses, maintenance costs, applicable fees, and other expenses.

This property offers an attractive opportunity for investors looking to acquire an established income-generating asset rather than undertake a new development project and wait for construction and leasing to be completed.

Location AdvantagesThe building's location opposite Falcon Towers in Al Rashidiya is one of its key investment advantages. Situated in a vibrant residential area of Ajman, the property offers convenient access to nearby services and facilities.
The availability of multiple apartments with different layouts also allows the property to appeal to various tenant categories, supporting its long-term rental potential.

Why Invest in This Building?

Existing annual rental income exceeding AED 1 million.
32 residential apartments with different layouts.
Spacious built-up area of 34,500 sq. ft.
Prime location opposite Falcon Towers in Al Rashidiya.
Established building with an age of 7 years.
Ideal for investors seeking annual rental income and long-term real estate investment opportunities.

Asking PriceAED 14,200,000
If you are looking for a real estate investment in Ajman that combines a prime location, diversified residential units, and substantial annual rental income, this building is an opportunity worth considering.
For further details and to arrange a property viewing, please get in touch.
Invest in an established property and diversify your income with this exceptional investment opportunity in Al Rashidiya, Ajman.