Ground building +3floors for sale with high income

A great investment opportunity for sale in a prime and vibrant location! This building consists of a ground floor plus three additional floors, with a total area of 7,000 square feet. It is an ideal choice for investors seeking a property with steady income and high returns.

Specifications:

10 one-bedroom apartments with large spaces.
9 two-bedroom apartments, each with spacious living areas.
6 studio apartments, fully equipped to meet the needs of residents.
The current annual rental income of the building is 400,000 AED from old contracts, but this is subject to an increase, with rents potentially rising to 530,000 AED, significantly boosting future returns.

The property's prime location offers easy access to all essential services and amenities, making it highly attractive to tenants and ensuring a stable and sustainable income.

Asking Price: 5,000,000 AED, final and non-negotiable. This is a rare investment opportunity in such a sought-after location.

Don’t miss out on this exceptional chance! Contact us now for more details or to schedule a site visit.

Property details

Property Type

Whole Building

Property Size

7,000 sqft / 650 sqm

Available from

17 Dec 2024