Brand new luxury building for sale in Ajman Rumailla 1 second line of Ajman corniche

For Sale: Brand New Building with Luxury Finishes in Ajman, Al Ramilah 1 – Second Row from the Corniche

We are delighted to present a unique opportunity to own a newly constructed building with top-of-the-line finishes, located in the prime Al Ramilah 1 area of Ajman. This property is just a short distance from the picturesque Corniche, offering easy access to major attractions and providing an exceptional environment for residential or commercial use. With exceptional construction and design, this building is an ideal investment opportunity for a variety of business ventures, including a hotel.

Property Overview:
• Location: Al Ramilah 1, Ajman (Second Row from the Corniche)
• Land Area: 11,457 square feet
• Building Structure: The building consists of a ground floor and 8 additional floors, totaling 9 floors of space. The versatile design allows it to be used for both residential and commercial purposes.

Key Features and Amenities:
• Central Air Conditioning: The building is equipped with a modern, energy-efficient central air conditioning system designed to minimize energy consumption while maintaining optimal comfort throughout the property.
• Centralized Natural Gas System: A central natural gas system is installed, ensuring cost-effective and environmentally friendly energy use.
• Central Hot Water System: The building features a centralized water heating system, providing reliable hot water to all units.
• Built-in Wardrobes: Each apartment is equipped with built-in wardrobes, offering ample storage space and enhancing the living experience.
• Partially Equipped Kitchens: The kitchens come with partial fittings, including a microwave, oven, and gas stove, providing convenience and functionality for tenants.

Apartment Layout and Sizes:
• 48 Two-Bedroom Apartments (2BHK): These spacious apartments offer two bedrooms, a living room, a kitchen, and a bathroom, perfect for families or individuals seeking larger living spaces.
• 32 One-Bedroom Apartments (1BHK): These units are ideal for individuals or couples, featuring one bedroom, a living room, a kitchen, and a bathroom.
• 5 Large Studio Apartments: These expansive studio units are well-suited for singles or couples who prefer an open-plan living space.
• Ground Floor Office Space: The building also features a large office space on the ground floor, which is perfect for commercial use, including a restaurant, café, or retail establishment. The prime location and ample space make it an attractive option for business ventures.

Investment Details:
• Current Rental Income: The building generates a strong annual income of 5,200,000 AED, providing consistent cash flow and making it an appealing investment option.
• Investment Lease Agreement: The property is currently under a 6-year investment lease, valued at 25,300,000 AED, ensuring long-term rental income and business stability.

Building as a Hotel or Commercial Use:
This property is ideally suited for conversion into a hotel, given its spacious layout, modern amenities, and prime location near the Corniche. Its mix of residential apartments and commercial space on the ground floor offers great flexibility for a hospitality business. The generous space allows for easy conversion into hotel rooms, with all the necessary facilities and infrastructure in place. Whether for short-term visitors or long-term tenants, the property can easily cater to a variety of needs.

Why Invest in This Property?
1. Luxury Finishes: The building features high-end finishes, from modern kitchens and bathrooms to built-in wardrobes and energy-efficient systems, ensuring comfort and luxury for tenants or guests.
2. Prime Location: Located in Al Ramilah 1, just one row behind the Corniche, the building offers both stunning views and easy access to major areas in Ajman. Its proximity to the Corniche ensures high demand for both residential and commercial spaces.
3. Flexible Use: With the option to use the property for residential purposes, commercial ventures, or even a hotel, the building offers flexibility for a variety of business models, making it a versatile investment.
4. Strong Income Potential: The building generates a reliable rental income of 5,200,000 AED annually, with a secured 6-year lease agreement. This ensures a solid return on investment, with the potential for growth.
5. Future Hotel Development: Given its prime location, modern amenities, and spacious layout, the building is an excellent candidate for conversion into a hotel. The demand for hospitality services in the area is strong, and this property offers the ideal foundation for such a project.

Price and Negotiation:
• Asking Price: 60,000,000 AED (negotiable). This price reflects the excellent quality of construction, prime location, and strong investment potential of the property. The building offers a stable income stream and considerable flexibility for future development.

Conclusion:
This brand new building offers an exceptional opportunity for investors seeking a high-return property in one of Ajman’s most desirable locations. Whether you are looking for a luxury residential building, a commercial property, or a hotel investment, this property provides the perfect solution. With its luxurious finishes, modern amenities, and secure rental income, this building is poised to deliver long-term value.

For more details or to arrange a viewing, please contact us today!

Property details

Property Type

Whole Building

Property Size

11,475 sqft / 1,066 sqm

Bathrooms