13,000,000
Own this from just
46,786 AED/monthProperty details
Listed
2 hours ago
Property Type
Whole Building
Bedrooms
7+ Beds
Bathrooms
7+ Baths
Furnishing
Unfurnished
Area
6,458 ft²
Price per area
AED2,013/ft²
Available from
15 Oct 2026
Upgraded
Yes
WHOLE BUILDING FOR SALE IN GRAND RESIDENCE, AL RASHIDIYA 3Property 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)
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.
Amenities
Unfurnished
Balcony
Built in Wardrobes
Central A/C
Covered Parking
Kitchen Appliances
Pets Allowed
Security
Concierge
View of Landmark
Location
About Grand Residence
Learn moreGrand Residence in Al Rashidiya offers 6 Bedrooms To 30 Bedrooms properties averaging 2,000 - 6,458 sqft. It currently has 3 active sale listings.
- Properties Listed3
- Price range690K - 13M
Provided by
Ahmed Mhamed Emara
No ratings
ETOILE REAL ESTATE L.L.C
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Regulatory information
Regulatory information
Reference
21Z08AAXH78W98T4EDBSS63N60
Listed
2 hours ago
Broker License
118715
Agent License
2564
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