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
14 Oct 2026
WHOLE BUILDING FOR SALE IN GRAND RESIDENCE, AL RASHIDIYA 3**Investment Building for Sale in Al Rashidiya 3 – Ajman**
A prime investment opportunity to own a residential building in the Al Rashidiya 3 area of Ajman. The property enjoys a corner location with dual street frontage and paved road access, ensuring easy accessibility and making it an ideal choice for long-term real estate investment.
**Building Details:**
- Location: Al Rashidiya 3, Ajman.
- Property Type: Residential investment building.
- Configuration: Ground floor + 6 upper floors.
- Number of Apartments: 42 (1-bedroom + living room).
- Number of Studios: 8 units.
- Total Residential Units: 50 units.
- Land Area: 599.02 square meters.
- Area in Square Feet: 6,458.4 sq. ft.
- Completion Certificate: 2007.
- Building Age: 19 years.
- Building Condition: Maintenance work has been carried out.
- Asking Price: AED 13,000,000.
**Rental Status and Investment Return:**
Maintenance work has been completed, and the building was vacated of previous tenants; a re-leasing phase at new rental rates is now underway. Currently, 16 apartments are leased, with the potential to gradually increase occupancy by renting out the remaining units.
The projected rental yield is estimated at approximately **10% upon full occupancy**, based on the provided information. This makes the property a compelling opportunity for investors seeking an asset with potential for rental income growth. **Asking Price: AED 13 million.**
Please contact us for details regarding current rental income, available units, and lease agreements, or to schedule a viewing of the building.
*Note: The stated yield is an estimate based on full occupancy; it is recommended to review actual revenues and operating expenses prior to making a purchase decision.*
Income Building for Sale | Al Rashidiya 3
A prime investment opportunity to own a residential building in the Al Rashidiya 3 area of Ajman. The property enjoys a corner location with dual street frontage and paved road access, ensuring easy accessibility and making it an ideal choice for long-term real estate investment.
**Building Details:**
- Location: Al Rashidiya 3, Ajman.
- Property Type: Residential investment building.
- Configuration: Ground floor + 6 upper floors.
- Number of Apartments: 42 (1-bedroom + living room).
- Number of Studios: 8 units.
- Total Residential Units: 50 units.
- Land Area: 599.02 square meters.
- Area in Square Feet: 6,458.4 sq. ft.
- Completion Certificate: 2007.
- Building Age: 19 years.
- Building Condition: Maintenance work has been carried out.
- Asking Price: AED 13,000,000.
**Rental Status and Investment Return:**
Maintenance work has been completed, and the building was vacated of previous tenants; a re-leasing phase at new rental rates is now underway. Currently, 16 apartments are leased, with the potential to gradually increase occupancy by renting out the remaining units.
The projected rental yield is estimated at approximately **10% upon full occupancy**, based on the provided information. This makes the property a compelling opportunity for investors seeking an asset with potential for rental income growth. **Asking Price: AED 13 million.**
Please contact us for details regarding current rental income, available units, and lease agreements, or to schedule a viewing of the building.
*Note: The stated yield is an estimate based on full occupancy; it is recommended to review actual revenues and operating expenses prior to making a purchase decision.*
Amenities
Unfurnished
Central A/C
Concierge
Lobby in Building
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 Ragab
No ratings
ETOILE REAL ESTATE L.L.C
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Experience
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Languages
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Reference
MZY31AB7X4J9HVA4KAW87GRF84
Listed
2 hours ago
Broker License
118715
Agent License
2564
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