A prime residential and commercial building is for sale in a strategic location near Al Rashidiya Park, in the vibrant Al Rashidiya 2 district. This area combines high population density with easy access to various services and amenities. The location offers the property high investment value due to the consistent demand for residential and commercial units, making it an ideal opportunity for investors seeking a property that provides a stable and consistent return on investment with potential for future appreciation.

The building sits on a plot of 8,522.7 square feet and has a building permit for a ground floor plus six additional floors. It has been designed with a practical approach to maximizing space and providing residential units that cater to the needs of diverse tenant segments. The building comprises a total of 38 carefully distributed apartments, including 26 two-bedroom apartments, which are highly sought after by small and medium-sized families, and 12 three-bedroom apartments, ideal for larger families seeking more spacious living areas and a higher level of comfort.

The building is not limited to residential use; it also includes two retail shops on the ground floor, enhancing the property's investment value and providing an additional source of income. These shops will also serve the building's residents and the surrounding area through the various commercial activities they can host.

The property generates a total annual income of AED 1,055,500, reflecting its strong investment performance and stable returns. This makes it an ideal choice for investors seeking an income-generating property from day one, without the need to wait for returns or undertake further developments.

The asking price for this building is AED 12,000,000, a price that reflects the property's prime location, diverse residential and commercial units, attractive return on investment, and excellent planning and optimal space utilization. This building is a promising investment

Residential/commercial building for sale in Al Ras

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