Multi-use investment opportunity to own a building on Corniche Street-Abu Dhabi

You can achieve a successful investment in a multi-storey building for sale on Corniche Street, Abu Dhabi, which comprises:

18 floors.
42 apartments.
6 offices.
3 retail units.

The building spans an area of 50*80 feet, equivalent to 4000 square feet.

Building Overview:

Location: Corniche Street is an excellent location for real estate investment due to high demand in this centrally located area.
Annual Income: With a total annual income of 4,300,000/AED the property reflects stability and strong rental demand.

Investment Benefits:

High Returns: The substantial annual income offers a high return on invested capital.
Unit Diversity: A mix of apartments, offices, and retail units provides a balanced portfolio, minimizing vacancy impacts on total income.
Growth Opportunity: Potential to increase rents over time with growing demand for properties in the area.

Conclusion:
A multi-use building on Corniche Street represents an excellent investment opportunity due to its central location and robust annual income. Serious investors should consider this opportunity to capitalize on high returns and financial stability offered by fully leased properties.

Company Overview :
Micasa Real Estate provides unparalleled integrated services, consultancy, and professional management solutions to individuals and companies across the UAE.

For more details, contact Mohammed Mourad at or visit the website www. micasa. ae

Property Information

TypeResidential Building
PurposeFor Sale
Reference no.Bayut - 9973-CcFhuS
CompletionReady
Average Rent
Added on7 July 2024

Features / Amenities

View

Electricity Backup

Centrally Air-Conditioned

Central Heating

+ 7 more amenities

Trends

*These trends are calculated using a proprietary algorithm based on prices advertised on Bayut.**Popularity is based on searches conducted by users on Bayut over the last quarter.