Investment Building for Sale in Rumaila 1 Ajman

A prime investment building is for sale in Al Rumaila 1, Ajman. Strategically located near Ajman Corniche and just three rows from the waterfront, this property offers high investment value and consistently high demand from tenants. The area is vibrant and well-served with all public amenities and services, and is close to main roads, shopping centers, restaurants, and cafes, facilitating easy leasing and consistent income generation.

The building permit allows for a ground floor plus four stories. The land area is 6,326 square feet, and the building is between 15 and 20 years old. It is structurally sound and suitable for immediate investment without requiring major renovations. The property comprises 18 units, almost all of which are fully leased. These include 13 two-bedroom apartments with practical layouts suitable for families, in addition to five retail shops on the waterfront that serve the local community and generate a stable income. Currently, all units are leased except for one vacant shop, presenting an immediate opportunity to increase income upon leasing.

The current annual income is approximately AED 410,000, with significant potential for growth through gradual rent adjustments or improved lease management of the vacant unit. The building's location near Ajman Corniche gives it a strong competitive advantage in the high demand for residential and commercial units, whether for permanent residence or long-term investment with a stable return.

The asking price is AED 4,500,000, slightly negotiable for serious buyers. This property is ideal for investors seeking a ready-to-use income opportunity with future growth potential. A viewing appointment can be arranged, and full financial details can be provided upon request.

Investment Building for Sale in Rumaila 1 Ajman

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