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.
**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
Mortgage
This property is no longer available
Al Bayti Real Estate
Agent:Rashedul Kabir