An excellent investment opportunity: a corner building located near the Corniche in Al Rumaila 2, Ajman.

A Great Investment Opportunity to Own a Residential Corner Building in Al Rumaila 2, Ajman, ideally located less than one minute from Ajman Corniche. The building enjoys a strategic location surrounded by essential services, commercial facilities, and convenient transportation options, making it an attractive opportunity for property investors.
Property Features:

Prime corner residential building in Al Rumaila 2.
Plot area: 4,450 sq. ft.
Building configuration: Ground Floor plus 3 Floors.
Total of 23 residential units.
7 Studio apartments.
11 One-bedroom apartments with living rooms.
5 Two-bedroom apartments with living rooms.
Current stated income: AED 500,000.
Existing rental contracts are based on older rental rates, offering potential for future rental income growth through lease reviews and applicable rental increases.
Potential investment return of up to 12%, subject to updated rental rates and applicable increases.
Asking price: AED 5,200,000.

Location Advantages:

Less than one minute from Ajman Corniche.
Close to restaurants, cafes, and commercial markets.
Near the bus station and public transportation.
Close to medical centers and pharmacies.
Surrounded by essential daily services and facilities.
Convenient access to key areas and destinations across Ajman.

This property combines a prime corner location, a variety of residential units, and excellent investment potential. With 23 units and the opportunity to review existing rental rates, it offers an appealing option for investors looking for an established residential property with potential for improved rental returns.
For further information or to arrange a viewing, please contact us. We look forward to helping you find the best property and providing you with the best real estate service.