Commercial Building in Al Shahama

A Prime Investment Opportunity - Multi-Use Commercial Building in Al Shahama

Building Details:
Strategic Location: The building is located on 4 main streets with ample parking spaces available at the front and rear of the property.
Current Design:
Ground Floor: Includes 13 commercial shops.
Mezzanine Floor: Comprising 2 mezzanines.
First Floor: Features 5 apartments with two bedrooms and a living room.
Second Floor: Under finishing (95% complete), includes 8 apartments with two bedrooms and a living room.
Additional Features:
3 new small commercial shops at the back of the building (currently vacant).
Expansion Potential:
In case of reconstruction, the building can obtain permits for:
5 upper floors.
Rooftop and 2 basement parking levels.
Current Income:
Confirmed Income: AED 1,100,000 (from the commercial shops and first floor only).
Expected Income After 6 Months:
With the completion of the second floor and rental of the new shops, the income is expected to range between AED 1,500,000 to 1,600,000 annually.
Construction Quality:
The project was executed by Al Masaood Construction & Contracting, a leading company known for its high standards.
Year of Completion: 2003/2004.
Asking Price:
AED 15,000,000 only

Investment Highlights:
Prime location on main streets.
High rental yields with significant growth potential.
Ready-to-rent second floor and additional shops to maximize investment returns.
High-quality construction, meeting all commercial and residential expectations.

Property details

Property Type

Whole Building

Property Size

11,754 sqft / 1,092 sqm

Available from

29 Dec 2024