For Sale: Building in Abu Dhabi– Al Danah Area

For Sale: Building in Abu Dhabi Island – Al Danah Area (Khalifa Street)

Property Details:

Location: Abu Dhabi – Al Danah, Khalifa Street (inside Abu Dhabi Island)

Property Type: Residential-Commercial Building

Building Age: Over 20 years

Current Floors: Ground + 2 Floors + Rooftop

Building Permit: Ground + Mezzanine + 5 Floors (Future Development Opportunity)

Plot Size: 4,000 sq .ft. (371.61 sq .m.)

Residential Units: 10 Apartments

5 Two-Bedroom Apartments

4 One-Bedroom Apartments

1 Three-Bedroom Apartment

Commercial Units: 4 Shops

Legal Status: Mortgage-free

Income and Returns:

Municipality Valuation (as of July): AED 7,900,000

Previous Annual Income: AED 580,000

Current Income (with Investor)

Total Annual Income: AED 631,000

Net Owner Income: AED 430,000

Advance Rent for Two Years: AED 860,000

Note: Upon sale, the remaining lease period will be deducted, and the balance of the advance rent will be refunded to the new buyer.

Additional Notes:

The property is currently leased under a fixed rental contract.

Existing building permit allows expansion up to 5 floors.

Price is negotiable within reasonable limits.

An exceptional investment opportunity within Abu Dhabi Island, on Khalifa Street, with fixed returns and a strategic location.

Property details

Property Type

Whole Building

Property Size

4,000 sqft / 372 sqm

Bathrooms

Available from

26 May 2025