Property Details:
Number of Rooms: 76
Location: Ajman Industrial Area 2
The property is currently vacant and ready for immediate occupancy.
Room Details:
Each room accommodates up to 7 beds.
Each room includes a kitchen and bathroom.
Additional outdoor kitchens are also available.
Central gas is installed.
The building is fully equipped for worker accommodation and requires only minor maintenance.
Current Status:
Property ready for occupancy.
Maintenance required: Minor.
Current contract has 8 months remaining.
Revenue:
During the remaining 8 months:
Room rate is approximately AED 1,700.
After contract expiration:
Average expected room rate is AED 950.
Financial Details:
Asking Price: AED 1,600,000
Security Deposit Breakdown:
Action Deposit: AED 120,000
Sewage Deposit: AED 37,500
Building Deposit: AED 80,000
Total Deposit: Approximately AED 300,000
Note:
All deposits are the responsibility of the new investor.
A check has been paid to the current owner as part of the agreement.
The contract will be signed in the presence of the original owner for security purposes. Transparency
Features:
Immediate start-up opportunity
Stable and scalable income
Industrial location with worker accommodation
Fully developed infrastructure
Low risk compared to investment returns