Falcon A2, Al Rashidiya, Al Rashidiya 2

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Whole Buildings for sale in Falcon A2

Ibrahim Mustafa

TAWTHEEQ REAL ESTATE

**Corner Residential and Commercial Building for Sale in Al Rashidiya, Ajman – 9.58% Current Gross Rental Yield**

An attractive investment opportunity to acquire an income-generating residential and commercial building in Al Rashidiya, Ajman.

Strategically located on Union Street, opposite Falcon Towers, next to Middle East and near Nesto Hypermarket, this corner property occupies a prominent position on two asphalt roads.

The building comprises 36 residential and commercial units, generating a current annual rental income of AED 795,000.

An additional investment advantage is the availability of three vacant commercial shops whose potential rental income is not included in the current revenue.

**Location Details:**
- Al Rashidiya, Ajman.
- Union Street.
- Opposite Falcon Towers.
- Next to Middle East.
- Near Nesto Hypermarket.
- Corner position on two asphalt roads.

**Building Specifications:**
- Property Type: Residential and Commercial Building.
- Plot Area: 4,200 sq. ft.
- Building Age: 15 years.
- Total Units: 36.

**Unit Breakdown:**
- 30 one-bedroom apartments with living halls.
- 1 studio apartment.
- 5 commercial shops.

**Investment Details:**
- Current Annual Rental Income: AED 795,000.
- Vacant Commercial Shops: 3.
- Potential income from vacant shops is excluded from the current rental income.
- Asking Price: AED 8,300,000.
- Current Gross Rental Yield: Approximately 9.58% annually.

**Investment Highlights:**
- Prominent corner location.
- Frontage on two asphalt roads.
- Strategic position on Union Street.
- Established rental income.
- Residential and commercial rental mix.
- Potential for increased rental revenue through leasing vacant shops.
- Close to established residential and commercial landmarks.

An opportunity for investors seeking an income-producing property with additional rental growth potential in Ajman.

Contact Tawtheeq Real Estate for more information, rental income records or to arrange a property viewing.

**Tawtheeq Real Est

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Ibrahim Mustafa

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