12,700,000
Own this from just
45,706 AED/monthProperty details
- Bedrooms
- 2 Beds
- Bathrooms
- 2 Baths
- Property type
- Whole Building
- Available from
- 8 Aug 2026
- Furnishing
- Unfurnished
- Price per area
- AED1,693/ft²
- Area
- 7,500 ft²
WHOLE BUILDING FOR SALE IN AL NAEMIYA TOWER 1, AL NAEMIYA TOWERSA 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.
Building for sale in Al-Na'amiyah, 4 floors
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.
Amenities
Unfurnished
Balcony
Central A/C
Covered Parking
Security
Concierge
View of Landmark
Lobby in Building
Vastu-compliant
Location
About Al Naemiya Tower 1
Learn more- Properties Listed117
- Price range265K - 900M
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- Mohamed I.
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3M Real Estate LLC
See agency properties (1313)Experience
4 years
Languages
English, Arabic
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Listed
1 hour ago
Broker License
136247
Own this property from just
45,706 AED /month
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