Land sale on two streets next Ramada Black Hotel

**Detailed Explanation of the Property Listing:**
**Strategic Location:**
- The land is located in **Al Rashidiya**, one of the vibrant and sought-after areas in Ajman.
- It is situated on a **corner of two streets**, providing excellent visibility and accessibility.
- Adjacent to **Sheikh Khalifa Bin Zayed Street**, a major thoroughfare connecting Ajman with other emirates.
- Close proximity to **Ramada Black Hotel** and **Cristal Hotel**, enhancing its value due to its location in a commercial and touristic zone.
Permitted Usage:**
- The land is licensed for **residential and commercial use**, offering flexibility for investors.
- Approved for a **G + 8 floors** building (Ground + 8 floors), with the potential to increase up to **50 floors** pending further approvals.
- This makes it ideal for developing:
- Residential apartments.
- Commercial offices.
- Hotels or serviced apartments.
*Land Area:**
- **In square meters:** Approximately 2,750 sqm.
- **In square feet:** 30,000 sq. ft.
- The expansive area provides ample space for designing a large-scale project, whether residential, commercial, or mixed-use.
**Price:**
- **19,500,000 AED** (19.5 million AED).
- The price is competitive, given the land's prime location, size, and development potential.
Ownership:**
- **Freehold ownership for all nationalities,** allowing both local and international investors to own the property outright.
**Why Is This Property an Excellent Investment?**
1. **Prime Location:** Being close to major hotels and a key road increases its investment appeal.
2. **Versatile Usage:** Suitable for both residential and commercial projects, catering to a wide range of investment goals.
3. **Expansion Potential:** Approved for up to 50 floors, enabling high-density developments.
4. **Freehold Ownership:** Ensures long-term security and attractiveness for all investors.

Property details

Property Type

Land

Property Size

30,000 sqft / 2,787 sqm

Available from

27 Dec 2024