For sale: Residential-commercial building in Al Rashidiya 3, Ajman, 42 units, annual income AED 922,000, plot area 6,465 sq. ft. , asking price AED 10.

For Sale: Prime Residential & Commercial Building in Al Rashidiya 3, Ajman | Annual Income AED 922,000An exceptional investment opportunity to own a residential and commercial building in one of Ajman's vibrant and sought-after areas, Al Rashidiya 3. Strategically located near major roads, essential services, and recreational facilities, this property offers a combination of residential and commercial rental income, making it an attractive option for investors seeking a strong rental return.

Strategic LocationThe building enjoys a prime location in Al Rashidiya 3, Ajman, situated on a corner plot and the second plot from Sheikh Abdullah Bin Abboud Street, with convenient access to key destinations across the emirate.

Just minutes away from Ajman Corniche.
Close to Sheikh Khalifa Bin Zayed Street.
Adjacent to Al Rashidiya Park.
Easy access to major roads, commercial areas, and essential services.
Suitable for both residential and commercial purposes.
Approximately 20 minutes from Dubai, depending on traffic conditions.

Building Details

Property Type: Residential and Commercial Building.
Building Configuration: Ground Floor + 4 Floors (G+4).
Building Age: 5 years.
Ground Floor: Commercial shops.
Upper Floors: Residential apartments.
Ownership: Freehold for all nationalities.

Property Areas

Plot Area: 6,465 sq. ft. (approximately 600.7 sq. m. ).
Built-up Area: 28,000 sq. ft.

Building CompositionThe property features a diverse mix of residential and commercial units, offering multiple rental income streams and flexibility to benefit from demand across different property types.

8 Commercial Shops.
9 Studio Apartments.
24 One-Bedroom Apartments.
1 Three-Bedroom Apartment.

Total: 42 residential and commercial units, comprising commercial shops and residential apartments.

Annual Income & Investment Return

Annual Rental Income: AED 922,000.
Asking Price: AED 10,500,000.

The estimated gross rental yield is approximately 8.78% annually, calculated by dividing the stated annual income by the asking price. This figure is before maintenance, management, operating expenses, and any applicable fees.

Why Invest in This Property?

Prime location in a vibrant area of Ajman.
Residential and commercial property offering diversified income streams.
Variety of units catering to different rental demands.
Attractive annual income relative to the asking price.
Well-established building, only 5 years old.
Corner location enhancing commercial visibility and accessibility.
Freehold ownership available to all nationalities, subject to applicable registration requirements.

Asking PriceAED 10,500,000
A valuable investment opportunity combining a strategic location, a diversified unit mix, and strong annual rental income. An excellent option for investors looking to expand their real estate portfolio in Ajman.
For further details or to arrange a property viewing, please get in touch.