A prime investment opportunity: a residential building for sale in the Al Nuaimiya area. Located on a corner lot, this building offers significant value due to its prime location, easy accessibility, and high demand for residential units. The area is close to all essential services and amenities, including markets, schools, restaurants, and public transportation, making it an ideal choice for investors seeking a stable and growing income.
The building is equipped with split air conditioning units and occupies 3,600 square feet. It comprises a ground floor plus four upper floors, featuring a practical design that offers a variety of unit types to meet market demands.
The building consists of:
A storage unit
ءءءStudios
10 one-bedroom apartments
8 two-bedroom apartments
The building currently generates an annual income of AED 435,000, with the potential to increase to AED 491,000 after adjusting rental rates. This presents an excellent opportunity for a growing return on investment.
The asking price of AED 6,200,000 is very competitive considering the location, current and projected income, and the potential for future growth.
To get in touch, find out more details, or arrange a viewing appointment, please contact us now.