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Al Nuaimiya

Al Naemiya Towers, Al Nuaimiya

Al Naemiya Tower 1

Search 2 bedroom Whole Buildings for sale in Al Naemiya Towers with maps & photos on www.propertyfinder.ae✓ Choose from our 2 BHK Whole Buildings✓ Installment Payment Plans available✓

2 bedroom Whole Buildings for sale in Al Naemiya Towers - 2 BHK Whole Buildings for sale | Property Finder UAE

2 bedroom Whole Buildings for sale in Al Naemiya Towers

Moataz Mosaad

3M Real Estate LLC

A building for sale in the Al Nuaimiya area of ​​Ajman, in a prime location behind Al Safir. This is a strong investment opportunity for those seeking a fully rented, income-generating property. The building features a full stone facade and a distinctive design. Situated on a corner lot with frontage on three streets, it offers excellent visibility and easy access, adding to its value as a location and investment.

The building comprises four floors plus a roof terrace, situated on a 7,500 sq ft plot, with a total built-up area of ​​approximately 41,000 sq ft. The building is only about four years old and is in excellent, clean condition, making it a relatively new property requiring minimal renovation.

The building consists of 25 one-bedroom apartments, 10 two-bedroom apartments, and one studio, for a total of 36 residential units. This variety of units caters to diverse tenant segments, ensuring stable occupancy and consistent rental income.

The property also features 14 parking spaces, a significant advantage for residents and a major draw for the residential units, especially in vibrant areas where parking availability is a key factor for tenants.

The building is currently fully rented, generating an annual income of AED 1,331,000. This provides the investor with a steady income stream from day one, eliminating the need to search for tenants or prepare the property for occupancy. Based on the asking price and current income, the property yields a gross return of approximately 10.48% annually before accounting for operating expenses and any other property-related costs.

The asking price is AED 12,700,000, presenting an excellent opportunity for investors seeking a fully rented residential property in a prime location. The building boasts a relatively new age, a large built-up area, diverse residential configurations, and a clear, consistent annual income.

Al Naemiya Towers

Building for sale in Al-Na'amiyah, 4 floors

2 bedroom Whole Buildings for sale in Al Naemiya Towers

Building for sale in Al-Na'amiyah, 4 floors

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