Commercial building. Corner lot. Second building from the Corniche. Area .

Type

Commercial Building

Purpose

Sale

Furnishing

Unfurnished

Updated

9th October 2026

Completion Status

Ready

This property is a distinctive commercial building in a strategic location in Ajman, situated on the second row from the Ajman Corniche. Its corner location on two streets is a significant advantage in commercial real estate, as it provides the building with two facades, enhancing its visibility and commercial presence, as well as facilitating easy access from multiple directions.

The building has a permit for a ground floor plus six floors. Therefore, the buyer is not simply purchasing land or an existing building, but rather acquiring a commercial property with ample building space and usability. The existing floors can be utilized according to their intended use and permits. Its proximity to the Corniche further enhances its commercial value and investment appeal.

The land area is approximately 3,070 square feet, a suitable size for a commercial building in this location, especially given its corner location on two streets. Having two street frontages is a major strength of this commercial property, as it allows for greater visibility of the shops and businesses within the building, making it more attractive for rent and commercial use compared to a building with only one street frontage.

One of the property's key advantages is its current income generation. The building houses a restaurant and café, both currently leased, generating a total annual rent of AED 200,000, payable in four annual installments. This means the property isn't just a speculative investment; it's generating actual rental income right now, a crucial factor for investors seeking income-generating commercial properties.

The asking price for the building is AED 2,700,000. Based on the current annual income of AED 200,000, the total return on the sale price is approximately 7.4% per annum before deducting any expenses, fees, maintenance costs, or other building-related obligations. In other words, if the annual income remains at AED 200,000 and expenses and rental conditions remain unchanged, the investment offers a good overall return relative to the purchase price.

Another important factor in valuing the property is its prime commercial location, its proximity to the Ajman Corniche, and its corner location on two streets, which may provide excellent value retention and future rental potential. An investor doesn't just consider the current rent; they also consider the location, land area, building permits, building type, potential for future income growth, and the ease of leasing the commercial units.

For an investment buyer, the property can be viewed as an existing, income-generating commercial real estate investment priced at AED 2.7 million, with a current annual income of AED 200,000. However, for an investor focused on maximizing returns, it's crucial to review the restaurant and café lease agreements before purchasing. This includes the lease terms, renewal conditions, warranties, maintenance responsibilities, and any annual fees or expenses incurred by the owner. These details determine the true net return, not just the gross return.

It's also essential to verify the building's actual permit details, the number of permitted floors, the permitted commercial uses per floor, the built-up area, the ownership status, and any outstanding fees or dues on the property. Additionally, reviewing the existing lease agreements is vital to confirm that the AED 200,000 figure represents the actual contracted annual income.

In general, the property's main strength lies in the convergence of three elements: its prime location near Ajman Corniche, its corner location on two streets, and its current annual rental income of AED 200,000. This makes it particularly suitable for investors seeking an established commercial property that generates income from day one, with the potential to capitalize on the location, the property's value, and the possibility of increasing returns based on rental rates and usage.

The price of AED 2.7 million, when compared to the current annual income of AED 200,000, represents approximately 13.5 times the annual income, or roughly a 7.4% annual gross return. This provides the buyer with a clear basis for evaluating and negotiating the deal, while still allowing for the inclusion of actual expenses to arrive at the true net return.

Posted on: 23rd August 2026