Residential Investment Building for Sale in Al Rawda 3, Ajman | Ground + 1 Floor | 10,000 Sq. Ft. | AED 374K Annual Income

Residential Investment Building for Sale in Al Rawda 3, Ajman
A great investment opportunity to own a residential building in Al Rawda 3, Ajman, featuring an excellent location and a spacious plot area of 929 sqm, approximately 10,000 sq. ft.
Building Details:

Building permission: Ground + 1 Floor (G+1).
9 one-bedroom apartments with living rooms.
9 two-bedroom apartments with living rooms.
Total of 18 residential apartments.

Investment Returns:
The building generates an annual income of AED 374,000. Based on the asking price, the approximate gross annual rental yield is 9.35%, before operating, maintenance, and other expenses.
Location:
Situated in Al Rawda 3, Ajman, in an excellent location suitable for residential investment and benefiting from demand for rental properties in the area.
Asking Price: AED 4,000,000.
An attractive opportunity for investors looking for an income-generating residential property with a spacious plot in a desirable Ajman location.