A prime investment opportunity for sale in the heart of Ajman, specifically in Al Rashidiya 2. This residential project combines a prime location with a strong return on investment, making it an ideal choice for investors seeking a stable income and future growth.
Located on a 6,400 sq ft plot, the project features a diverse mix of residential and commercial units to cater to various tenant segments. It comprises six residential units and two commercial/residential shops, providing a variety of income streams and minimizing vacancy rates.
The property includes two three-bedroom apartments, ideal for large families, two two-bedroom apartments suitable for medium-sized families, and two studios perfect for individuals or employees, ensuring consistent demand for all unit types within the project.
The property currently generates an annual income of AED 250,000, with the potential to enhance future returns through rent adjustments or unit redevelopment, making it a good opportunity for increased profitability in the medium to long term.
The location boasts proximity to essential services such as schools, markets, and restaurants, along with easy access to main roads, enhancing the property's appeal to tenants and ensuring stable occupancy.
The asking price of AED 2,300,000 is considered attractive given current income levels, the prime location, and the variety of unit types available.
Don't miss this opportunity to own a fully-equipped investment project with a stable return in one of Ajman's most sought-after areas.