Description
For Sale: Residential Building in Ajman – Al Rashidiya 2 An excellent investment opportunity to purchase a residential building in Al Rashidiya 2, Ajman, in a prime location just minutes away from major facilities. This 6-year-old building features a modern and flexible design, making it an ideal choice for investors seeking stable and growing returns. Building Details: • Floors: Ground + 4 Floors • Residential Units: 17 One-Bedroom Apartments 17 Studio Apartments 2 Two-Bedroom Apartments Current Actual Income: • AED 730,000 annually, with potential for increase when renewing the current leases, which are based on old rental rates. Location: • The building is located in Al Rashidiya 2, one of the best areas in Ajman, ensuring tenants and investors easy access to all essential services and amenities. Investment Opportunity: • The building is fully rented, providing stable income for investors with the possibility of increasing returns upon lease renewals. This property offers an excellent opportunity to boost profitability due to outdated rental prices. Price: AED 7,600,000 – Freehold for all nationalities Invest now in this exceptional property and achieve high returns of up to 10% annually in a prime area!
