Building for sale in Rashidiya 2 with a 10% return

A rare investment opportunity to own a fully rented residential building located in Al Rashidiya 2, one of the most strategic and well-connected areas in Ajman. This building offers a stable and growing return with a strong tenant base and a location that ensures high demand throughout the year. The property is situated minutes away from all essential facilities including supermarkets, schools, medical centers, shopping malls, and direct access to major roads, making it a very attractive choice for long-term tenants. With only six years since its construction, the building remains in excellent condition, designed with a modern layout that suits different rental needs. It comprises multiple residential units that are already fully occupied, ensuring immediate income for the buyer from day one. The current annual income generated is AED 730,000, with room for growth as several units are still rented at older rates and can be updated upon renewal. This makes it an excellent opportunity for investors seeking long-term value and consistent cash flow. The property includes one-bedroom apartments, studios, and two-bedroom units, all of which are currently leased. The location in Al Rashidiya 2 is highly sought after due to its close proximity to Sheikh Mohammed Bin Zayed Road, allowing residents and visitors easy access to all parts of Ajman and neighboring emirates. The area is known for its high occupancy rate, family-friendly environment, and well-developed infrastructure. It is surrounded by residential communities, commercial zones, and public services, which add further value to the investment. The building is offered for sale at AED 7,600,000 with freehold ownership available for all nationalities. This property presents a solid investment with a potential return on investment of up to 10% annually, depending on rental adjustments and market performance. It requires no immediate renovations or upgrades, making it a turn-key solution for buyers who want to start earn

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