For sale: A prime building in a vibrant location near Nesto Hypermarket, in a densely populated area with comprehensive services, making it an ideal choice for investors seeking stable income and guaranteed future growth.
Property Details:
- Land Area: 10,000 sq ft
- Building Type: Ground + 2 Floors
- Units: 37 units (studios, one-bedroom apartments, and retail shops)
Number of Studios: 17
Number of One-Bedroom Apartments: 10
Number of Retail Shops: 6
- Annual Rent: AED 745,100
- Sale Price: AED 8,500,000
Price is negotiable for serious buyers.
Key Features:
- Prime location in Al Rawda 3, with easy access to the E311 highway and Sharjah border.
- High occupancy rate due to increasing demand for one-bedroom units in the area.
- Freehold ownership for all nationalities.
- Strong Gross Yield of 8.77%. An ideal investment opportunity for investors seeking stable rental income and long-term capital growth in the most sought-after residential areas of Ajman.