Location: Al Nuaimiya 2, a highly strategic location (second block from King Faisal Street), close to all essential services and with easy access.
Unit Details (44 apartments + parking):
3-bedroom apartments: 4 units
2-bedroom apartments: 16 units
1-bedroom apartments: 24 units
Parking: 8 indoor spaces.
Financial Indicators (The Numbers Speak for Themselves):
Current Annual Income: AED 1,300,000
Asking Price: AED 13,000,000
Return on Investment: 10% (among the strongest returns in the area).
Investor Strengths:
Location: Proximity to King Faisal Street ensures no units become vacant.
Unit Variety: A large number of one-bedroom apartments, which are the most sought-after and easiest to rent.
Condition: An 8-story building in a vibrant area, making it a secure long-term investment.