Residential investment building for sale, Al-Rumaila 1
For Sale: New Building First Resident with Luxurious Finishes in Ajman - Al Rumaila 1 Area, Second Row from Ajman Corniche
We offer you a unique investment opportunity to own a brand new building with very luxurious finishes in Al Rumaila 1 Area
In Ajman, Second Row from Ajman Corniche. This building is distinguished by its strategic location near the Corniche, making it ideal for many residential and commercial uses, and reflects high quality and modern design in every detail.
Property Details:
• Location: Ajman, Al Rumaila 1 Area, Second Row from Ajman Corniche.
• Land Area: 11,457 sq. ft.
• Building Structure: The building consists of a ground floor and 8 upper floors, for a total of 9 floors. The modern design provides a large and comfortable space that suits both residential and commercial needs.
Features and Facilities:
• Central Air Conditioning: The building is equipped with a modern central air conditioning system that helps reduce energy consumption and provides a comfortable environment throughout the building.
• Air conditioning reduction system: The building has the latest systems to reduce air conditioning consumption, making it more energy efficient.
• Central natural gas: The central natural gas system ensures energy is provided at reasonable prices and is efficient in consumption.
• Central water heater system: The building provides a central water heater system, ensuring continuous hot water is available to all units.
• Built-in wardrobes: All apartments are equipped with built-in wardrobes, providing additional storage space.
• Partially equipped kitchen: The kitchens are partially equipped with a microwave, oven, and gas stove, providing additional comfort for residents.
Details of residential units:
• 48 two-bedroom apartments: These apartments are characterized by their spacious area and modern design, making them ideal for families or individuals who need additional space.
• 32 one-bedroom apartments: These apartments provide a comfortable and ideal environment for individuals or couples, with a design that meets the needs of modern life.
• 5 large studios: These studios provide a comfortable and flexible living environment, and are an excellent choice for students or individuals who prefer open spaces.
• Large ground floor office: The ground floor office is ideal for a restaurant or any other type of business, thanks to its prime location and large space.
Investment details:
• Actual income of the building: The building generates an annual income of AED 5,200,000, which is a fixed and guaranteed income.
• Investment contract: The building is currently leased with a 6-year investment contract for a total value of AED 25,300,000, ensuring a continuous income stream for a long period.
Commercial opportunities:
• Possibility of converting the building into a hotel: Thanks to its unique design and multiple spaces, this building is ideal for conversion into a hotel, as the residential units can be used to convert them into hotel rooms. The prime location next to Ajman Corniche enhances the opportunities to attract tourists and visitors.
• Benefit from the commercial office: The office on the ground floor can be used to set up a restaurant or any other commercial activity, which enhances profitability and increases the value of the property.
Asking Price:
• Asking Price: AED 60,000,000 negotiable. This price is very reasonable compared to the value of the building and its strategic location, as well as the high returns it generates from rentals.
Why invest in this property?
1. Luxurious finishes and modern facilities: The building has been carefully designed to provide the highest standards of quality and comfort for residents and visitors.
2. Strategic location close to Ajman Corniche: The location provides easy access to essential and entertainment services, making it an ideal place to live and work.
3. Strong investment income: The building provides a fixed income of AED 5,200,000 per year, with a lease contract extending for several years, making it a guaranteed investment opportunity.
4. Possibility of converting it into a hotel: The building is ideally equipped to be converted into a hotel, which increases its attractiveness to investors in the hospitality sector.
5. High investment return: With a fixed rental income and a long-term investment contract, this property represents an ideal opportunity to achieve high financial returns.
We offer you a unique investment opportunity to own a brand new building with very luxurious finishes in Al Rumaila 1 Area
In Ajman, Second Row from Ajman Corniche. This building is distinguished by its strategic location near the Corniche, making it ideal for many residential and commercial uses, and reflects high quality and modern design in every detail.
Property Details:
• Location: Ajman, Al Rumaila 1 Area, Second Row from Ajman Corniche.
• Land Area: 11,457 sq. ft.
• Building Structure: The building consists of a ground floor and 8 upper floors, for a total of 9 floors. The modern design provides a large and comfortable space that suits both residential and commercial needs.
Features and Facilities:
• Central Air Conditioning: The building is equipped with a modern central air conditioning system that helps reduce energy consumption and provides a comfortable environment throughout the building.
• Air conditioning reduction system: The building has the latest systems to reduce air conditioning consumption, making it more energy efficient.
• Central natural gas: The central natural gas system ensures energy is provided at reasonable prices and is efficient in consumption.
• Central water heater system: The building provides a central water heater system, ensuring continuous hot water is available to all units.
• Built-in wardrobes: All apartments are equipped with built-in wardrobes, providing additional storage space.
• Partially equipped kitchen: The kitchens are partially equipped with a microwave, oven, and gas stove, providing additional comfort for residents.
Details of residential units:
• 48 two-bedroom apartments: These apartments are characterized by their spacious area and modern design, making them ideal for families or individuals who need additional space.
• 32 one-bedroom apartments: These apartments provide a comfortable and ideal environment for individuals or couples, with a design that meets the needs of modern life.
• 5 large studios: These studios provide a comfortable and flexible living environment, and are an excellent choice for students or individuals who prefer open spaces.
• Large ground floor office: The ground floor office is ideal for a restaurant or any other type of business, thanks to its prime location and large space.
Investment details:
• Actual income of the building: The building generates an annual income of AED 5,200,000, which is a fixed and guaranteed income.
• Investment contract: The building is currently leased with a 6-year investment contract for a total value of AED 25,300,000, ensuring a continuous income stream for a long period.
Commercial opportunities:
• Possibility of converting the building into a hotel: Thanks to its unique design and multiple spaces, this building is ideal for conversion into a hotel, as the residential units can be used to convert them into hotel rooms. The prime location next to Ajman Corniche enhances the opportunities to attract tourists and visitors.
• Benefit from the commercial office: The office on the ground floor can be used to set up a restaurant or any other commercial activity, which enhances profitability and increases the value of the property.
Asking Price:
• Asking Price: AED 60,000,000 negotiable. This price is very reasonable compared to the value of the building and its strategic location, as well as the high returns it generates from rentals.
Why invest in this property?
1. Luxurious finishes and modern facilities: The building has been carefully designed to provide the highest standards of quality and comfort for residents and visitors.
2. Strategic location close to Ajman Corniche: The location provides easy access to essential and entertainment services, making it an ideal place to live and work.
3. Strong investment income: The building provides a fixed income of AED 5,200,000 per year, with a lease contract extending for several years, making it a guaranteed investment opportunity.
4. Possibility of converting it into a hotel: The building is ideally equipped to be converted into a hotel, which increases its attractiveness to investors in the hospitality sector.
5. High investment return: With a fixed rental income and a long-term investment contract, this property represents an ideal opportunity to achieve high financial returns.
Property Information
- TypeResidential Building
- PurposeFor Sale
- Reference no.Bayut - 106147-BRxPqy
- CompletionReady
- Average Rent
- Added on2 March 2025
Features / Amenities
Balcony or Terrace
Parking Spaces: 10
Floor: 9
Flooring
+ 24 more amenities
Trends
Mortgage
This property is no longer available
King Real Estate
Agent:KING REAL ESTATE