Al Rashidiya 2, Al Rashidiya

Geepas Building 3

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Commercial Whole Buildings for sale in Al Rashidiya 2

Mohamed Hassan

AL MUTAIRI  REAL ESTATE L.L.C

# Corner Building for Sale on Two Asphalt Roads in Al Rashidiya – Ajman

A highly attractive investment opportunity is available for sale in Al Rashidiya, Ajman, featuring a prime corner location on two asphalt roads directly on Al Ittihad Street. The building is located opposite Falcon Towers, next to Middle East, and close to Nesto Hypermarket, providing excellent accessibility to major roads, commercial areas, residential communities, and essential services.

The property is an income-generating residential and commercial building with a current annual income of AED 795,000. In addition, there are 3 commercial shops that are currently vacant and have not been included in the existing annual income, offering potential for additional income once leased.

The corner location on two asphalt roads is one of the property's major advantages, providing strong accessibility, better exposure, and convenient access from different directions. Its position on Al Ittihad Street further enhances the property's investment appeal and connectivity.

The plot size is 4,200 square feet, and the building consists of a total of 36 units, offering a combination of residential apartments, a studio, and commercial shops. This diversified unit mix provides multiple income sources and makes the building suitable for investors looking for a ready income-producing asset with future income growth potential.

The building consists of 30 one-bedroom apartments with living rooms, 1 studio apartment, and 5 commercial shops. Out of the 5 shops, 3 are currently vacant and have not been included in the current annual income of AED 795,000.

The building is 15 years old and offers a practical combination of residential and commercial units in a strategically positioned area. The existing rental income, combined with the additional potential from the vacant shops, makes the property particularly attractive for investors looking for both current cash flow and room for income improvement.

The location

Ajman

Al Rashidiya

Al Rashidiya 2

Prime location – open view – free parking

Sherif Mounier

Royal Palm Properties

Residential & Commercial Building for Sale in Al Rashidiya 2, Ajman | AED 1,055,500 Annual Income | 8.8% Yield

A strong investment opportunity to own a residential and commercial building in Al Rashidiya 2, Ajman, located near Rashidiya Park, in a central location combining residential and commercial activity.

The property currently generates a total annual income of AED 1,055,500.

Property Details:

Location: Al Rashidiya 2, Ajman
Near Rashidiya Park
Land Area: 8,522.7 sq. ft.
Building Configuration: Ground Floor + 6 Floors
Total Residential Units: 38 Apartments
26 Two-Bedroom Apartments
12 Three-Bedroom Apartments
Commercial Units: 2 Shops
Total Annual Income: AED 1,055,500
Asking Price: AED 12,000,000

Investment Return:

Annual Income: AED 1,055,500
Sale Price: AED 12,000,000
Calculated Gross Yield: Approximately 8.8% annually

1,055,500 ÷ 12,000,000 = 8.80%

The yield is calculated based on the current annual income versus the asking price, before operating expenses and other costs.

Location Advantages:

The building is located in Al Rashidiya 2, near Rashidiya Park, in a central area close to everyday services and facilities, with convenient access to key areas of Ajman and Sharjah.

Rashidiya Park: Near the property
Ajman Stadium: Within Al Rashidiya 2
Ajman–Sharjah Border: Approximately 5 minutes by car
Ajman Free Zone: Approximately 5 minutes by car
Safeer Mall: Approximately 0.6 km
Dana Mall: Approximately 1.3 km
City Centre Ajman: Approximately 3.2 km

Why This Property?

With 38 residential apartments + 2 commercial shops + AED 1,055,500 annual income, this property offers a diversified income-generating asset in a central Al Rashidiya 2 location.

The combination of two-bedroom and three-bedroom apartments, together with the commercial units, provides multiple income sources within the same property.

Asking Price: AED 12,000,000

Residential & Commercial Building for Sale- Ajman

Commercial Whole Buildings for sale in Al Rashidiya 2

Prime location – open view – free parking

Mohamed Hassan

Residential & Commercial Building for Sale- Ajman

Sherif Mounier

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Whole-buildings Available for sale in Al Rashidiya 2