For Sale:
Ajman Buildings
Al Nakhil
Bayut - 102720-MALpqq
NCugdVfH0XiMI4w3KRrxuQO1IUA1chhz0YDvZ1Nf
13
AED2,400,000
Est. Payment AED 9.5K/mo
Al Nakhil, Ajman
10 Beds
1 Bath
4,800 sqft

Building for sale in Al nakhil ajman

Investing in a building located in Al Nakhil, Ajman, with a land area of 4,800 square feet, comprising 4 one-bedroom and 6 two-bedroom apartments (G+2), near the Ajman mobile market, and an expected annual rental income of AED 250,000, presents a promising opportunity. Here's an analysis of its investment potential:

**Market Comparison:**

Recent listings in Al Nakhil feature buildings with similar specifications:

- **Building 1:** A commercial residential building with 5 shops, 4 one-bedroom apartments, 27 two-bedroom apartments, and 1 studio, listed at AED 7,500,000, generating an annual income of approximately 10%.  

- **Building 2:** A one-year-old building with a G+5 permit, listed at AED 5,000,000.  

These listings suggest that properties in Al Nakhil are valued between AED 5,000,000 and AED 7,500,000, depending on size, age, and income potential.

**Return on Investment (ROI):**

Ajman's real estate market has shown strong performance, with a 43% increase in transactions in 2023, totaling AED 16.9 billion.  

Al Nakhil has been a significant contributor, with notable transactions, including a sale worth AED 136 million in Al Nakhil 2.  

The expected annual rental income of AED 250,000 suggests a potential ROI of approximately 5% to 6%, depending on the purchase price.

**Location Advantage:**

Proximity to the Ajman mobile market enhances the property's appeal to potential tenants, ensuring steady demand and occupancy rates.

**Investment Considerations:**

- **Market Trends:** Ajman's real estate sector is growing, with increasing transaction volumes and investor interest.

- **Property Condition:** Assess the building's age, construction quality, and maintenance history to estimate future expenses.

- **Legal Compliance:** Ensure all permits and documentation are in order, and the property complies with local regulations.

- **Financing:** Explore mortgage options and interest rates to optimize investment returns.

**Conclusion:**

This property offers a viable investment opportunity with a reasonable ROI in a growing market. Conduct thorough due diligence, including property inspection and financial analysis, to make an informed decision.

Property Information

  • TypeResidential Building
  • PurposeFor Sale
  • Reference no.Bayut - 102720-MALpqq
  • CompletionReady
  • Average Rent
  • Added on4 December 2024

Features / Amenities

First Aid Medical Center
Gym or Health Club
Day Care Center
Kids Play Area
+ 3 more amenities

Trends

*These trends are calculated using a proprietary algorithm based on prices advertised on Bayut.**Popularity is based on searches conducted by users on Bayut over the last quarter.

Mortgage

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