Grand Residence, Al Rashidiya, Al Rashidiya 3

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Whole Buildings for sale in Grand Residence

Ahmed Ragab

ETOILE REAL ESTATE L.L.C

**Investment Building for Sale in Al Rashidiya 3 – Ajman**

A prime investment opportunity to own a residential building in the Al Rashidiya 3 area of ​​Ajman. The property enjoys a corner location with dual street frontage and paved road access, ensuring easy accessibility and making it an ideal choice for long-term real estate investment.

**Building Details:**
- Location: Al Rashidiya 3, Ajman.
- Property Type: Residential investment building.
- Configuration: Ground floor + 6 upper floors.
- Number of Apartments: 42 (1-bedroom + living room).
- Number of Studios: 8 units.
- Total Residential Units: 50 units.
- Land Area: 599.02 square meters.
- Area in Square Feet: 6,458.4 sq. ft.
- Completion Certificate: 2007.
- Building Age: 19 years.
- Building Condition: Maintenance work has been carried out.
- Asking Price: AED 13,000,000.

**Rental Status and Investment Return:**

Maintenance work has been completed, and the building was vacated of previous tenants; a re-leasing phase at new rental rates is now underway. Currently, 16 apartments are leased, with the potential to gradually increase occupancy by renting out the remaining units.

The projected rental yield is estimated at approximately **10% upon full occupancy**, based on the provided information. This makes the property a compelling opportunity for investors seeking an asset with potential for rental income growth. **Asking Price: AED 13 million.**

Please contact us for details regarding current rental income, available units, and lease agreements, or to schedule a viewing of the building.

*Note: The stated yield is an estimate based on full occupancy; it is recommended to review actual revenues and operating expenses prior to making a purchase decision.*

Grand Residence

Ajman

Al Rashidiya

Al Rashidiya 3

Income Building for Sale | Al Rashidiya 3

Ahmed Mhamed Emara

Property Details:

Type: G+6 Residential Investment Building

Location: Al Rashidiya 3, Ajman (Prime corner plot on a paved asphalt road)

Plot Size: 599.02 Sq. M. (6,458.4 Sq. Ft.)

Building Structure: Ground + 6 Residential Floors (G+6)

Total Units Breakdown (50 Residential Units):

42 One-Bedroom Apartments (1BHK)

8 Studio Apartments

Completion & Age: Completion Certificate issued in 2007 (Building age: 19 years)

Occupancy & Maintenance Status: The building has undergone complete maintenance. Following a vacancy optimization strategy, 16 units are currently rented out at updated, higher market rates, with active leasing ongoing for the remaining units.

Financial Details & Projected Yield:

Asking Price: AED 13,000,000

Projected Rental Yield (ROI): 10% expected return upon full occupancy at updated market rates (approx. AED 1,300,000 annual income)

Investment Highlights:

Prime corner plot positioning in Al Rashidiya 3, ensuring high tenant demand and constant occupancy

Fully refurbished property allowing new ownership to capitalize on optimized rental rates

Exceptional investment yield (10% projected ROI) providing strong net cash flow and solid capital preservation

For sale: A prime G+6 residential investment building situated on a corner plot along an asphalt road in Al Rashidiya 3, Ajman. Set on a 599.02 sq. m. (6,458.4 sq. ft.) plot, the property comprises 50 units (42 one-bedroom apartments and 8 studios). Built in 2007 and recently fully refurbished, the building is currently transitioning to optimized current market rents (16 units currently leased). Offered at AED 13,000,000, delivering a projected 10% rental yield upon full lease-up.

Corner G+6 Building for Sale in Ajman (10% ROI)

Whole Buildings for sale in Grand Residence

Income Building for Sale | Al Rashidiya 3

Ahmed Ragab

Corner G+6 Building for Sale in Ajman (10% ROI)

Ahmed Mhamed Emara

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