G+2 Approved Commercial & Residential Property in Al Rashidiya 3, Ajman

Investment Opportunity: G+2 Approved Commercial & Residential Property in Al Rashidiya 3, Ajman

Key Features:

Location: Prime location in Al Rashidiya 3, Ajman, close to the main road for easy accessibility.

Total Area: Approximately 2000 sqft, suitable for both commercial and residential use.

Annual Rental Income: Generates AED 60,000 in yearly rental income.

Tenant Setup: Currently rented to one tenant; future tenants plan to partition the space, increasing rental potential.

G+2 Approval: Fully approved for both commercial and residential purposes.

Mortgage Details: Existing mortgage with AED 450,000 paid; monthly installment of AED 4,700.

Option to continue the mortgage.

Asking Price: AED 800,000, providing a great return on investment.

This property offers a solid income stream and flexibility for future growth, making it an excellent investment opportunity.

Property details

Property Type

Land

Property Size

2,000 sqft / 186 sqm