Location: Al Alia
The property is located in Al Alia, a well-known residential area in the Emirate of Ajman, United Arab Emirates. The area is characterized by its tranquility, organized layout, and proximity to services, schools, and mosques. It is also close to Sheikh Mohammed Bin Zayed Road, providing easy access to other emirates.
Property Type: Building Plot (G+3 Permit)
G+3 means: Ground floor + 3 floors.
This means that construction is permitted for:
Ground floor
Three upper floors
This type of land is suitable for:
Apartment building
Rental investment
Commercial residential project (subject to municipal regulations)
Area
2,700 sq ft
Approximately 251 sq m
A good size for building a small to medium-sized building with several apartments.
Price
AED 1,290,000
This price is considered within the investment category for G+3 land plots in the area.
The price may be part of a Ramadan offer, meaning there might be:
Payment facilities
Negotiable
Exemption from certain fees
Investment Aspects
Since the land has a G+3 permit:
Multiple apartments can be built (e.g., 6-10 apartments depending on the design)
Apartments can be rented out with a good annual return
Suitable for investors seeking a stable rental income
Assuming the average annual apartment rent in Ajman:
The project could achieve a return of approximately 7%-10% annually (depending on construction quality and location).
Potential Advantages
Demanding residential area
Relatively high building permit cost
Suitable for long-term investment
Reasonable price compared to the building permit cost