A prime investment opportunity: a residential and commercial building for sale in Al Rawda, in a highly desirable location on Algeria Street. The building boasts a direct view of a vibrant street with access from both a street and a pedestrian walkway, ensuring easy access and high foot traffic. This enhances the property's investment value and guarantees consistent demand for its units. The location is close to all essential services and amenities, including markets, schools, restaurants, and public transportation, making it an ideal choice for investors.
The land area is 10,000 square feet, and the building has a permit for a ground floor plus two additional floors. Its practical design maximizes space utilization and serves both the residential and commercial market in the area.
The building comprises:
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30 one-bedroom apartments
5 retail shops
The diverse range of units ensures stable occupancy and increased returns. The current annual income is AED 714,000, a strong indicator of the excellent location and management.
The asking price is AED 8,500,000, a very attractive opportunity considering the income, location, and size, with the potential for future growth.
For more details or to schedule a viewing, please contact us now.