A rare and unique investment opportunity to add to your real estate portfolio; A corner commercial and residential building—situated at the intersection of two asphalt roads—boasts a well-thought-out design and an exceptional location in the heart of the vibrant Al Rashidiya district, directly on Al Ittihad Road. The building occupies a strategic position in an area characterized by peak occupancy and high demand; it sits directly opposite the Falcon Towers, adjacent to Middle East, and just steps away from Nesto Hypermarket. This prime location ensures significant foot traffic and commercial activity, supporting diverse business operations and guaranteeing sustainable rental income. Property Specifications: Property Type: Commercial and Residential Building (corner plot, facing two asphalt roads). Height: Ground + 5 floors (G+5). Land Area: 4,200 square feet. Building Age: 15 years (maintained in excellent technical and operational condition). Total Units: 36 investment units, carefully planned to meet market demand: 30 one-bedroom apartments (1BHK) with spacious, comfortable layouts; 1 studio apartment; and 5 commercial retail units on the high-visibility ground floor. Financial and Investment Details: Current Annual Income: AED 795,000 (achieved with an excellent occupancy rate). Potential for Increased Income (Value-Add): There are currently 3 vacant commercial units (not included in the current income figure). Leasing these units will significantly boost the total return, pushing the net annual yield above 10%. Asking Price: AED 8,300,000 (a highly competitive price given the prime, permanent location). ...and an escalating return). This building represents an exceptional opportunity for the savvy investor seeking real estate assets that generate immediate cash flow, alongside clear growth potential and an excellent capital return. Do not miss this opportunity; contact us today to view the property in person and review the complete financial and banking documen

Falcon Investment Building - Al Rashidiya

Amenities

Location

About Al Rashidiya Towers

Provided by

Get the right mortgage for you

Regulatory information

Regulatory information

Own this property from just