Building for Sale Ajman Al Muwaihat 2 | G+3 | AED 1.1M pa
This is a complete building acquisition — one title, 37 income-producing units, two separate tenant streams, and a current documented annual rental income of AED 1,104,000. The figure comes from existing tenancies, not a feasibility model.
Al Muwaihat 2 is a dense residential and commercial district in Ajman with sustained rental absorption across all three unit sizes this building contains. Ajman's property pricing sits well below Dubai and Sharjah on a per-square-foot basis — a structural gap that keeps a large portion of the working population in the rental market and underpins occupancy in income-generating assets of this type.
Property Specifications
إجمالي المساحة المبنية
التكوين
إجمالي الوحدات
الموقع
نوع العقار
وضع التملّك
Unit Mix and Building Breakdown
Floor Configuration
The ground floor is dedicated to seven commercial retail units, generating a commercial income stream entirely independent of the 30 residential units above. The three upper floors distribute those residential units across studios, one-beds, and two-beds — no single floor is restricted to one unit type, which produces a more balanced occupancy profile than single-type floors would.
Income Diversification
Two distinct tenant categories — residential and commercial — produce income simultaneously within this asset. A period of higher vacancy in one unit type does not affect income from the remaining types. This structure provides an operational buffer that single-use buildings do not offer.
Acquisition Format
The building is offered as a single whole-building acquisition under one title. All 37 units are included. Individual strata sales are not available for this property — the buyer takes the complete income-producing asset in a single transaction.
Location and Market Context
Al Muwaihat 2 is one of Ajman's most densely populated residential districts, with a well-established retail layer at street level. The area draws consistent demand from the working and middle-income population base that characterises Ajman's rental market, supporting occupancy across all three residential unit types this building contains.
Ajman's entry price point for income-producing real estate sits materially below Dubai and Sharjah. That differential makes owner-occupation unattainable for a broad demographic that continues to rent — sustaining demand at the studio, one-bed, and two-bed levels simultaneously. Freehold ownership in Ajman is available to investors across a wide range of nationalities.
The AED 1,104,000 annual figure is the building's current output, not a modelled optimum. For any investor building a yield or DCF analysis, this is the documented starting number — the floor, not the ceiling.
Frequently Asked Questions
How many units does this building in Al Muwaihat 2 Ajman have?
The building has 37 units in total: 15 two-bedroom apartments, 10 one-bedroom apartments, 5 studios, and 7 ground-floor retail units. The residential count is 30 and the commercial count is 7.
What is the annual rental income from this Ajman building?
The current annual rental income is AED 1,104,000. This is a documented figure from existing tenants — not a pro-forma estimate or a projected stabilised income.
What is the gross floor area of the building?
The gross floor area (GFA) is 9,000 square feet, or approximately 836 m², distributed across a ground floor and three upper floors in a G+3 configuration.
What is the floor configuration of this mixed-use building in Ajman?
The building is Ground + 3 (G+3). The ground floor contains the 7 retail units. The three upper residential floors hold all 30 apartments across the three unit types.
Does this Ajman building have retail units?
Yes — 7 retail units on the ground floor generate commercial rental income independently of the residential apartments. Both income streams combine to produce the total of AED 1,104,000 per year.
Is the building sold as a whole or as individual apartments?
It is sold as a whole building under a single title covering all 37 units. Individual unit (strata) purchases are not available for this property.
Is the building currently occupied and tenanted?
The disclosed AED 1,104,000 annual income indicates active tenancies across the building. Precise occupancy rates and individual lease expiry dates should be confirmed directly with the seller before tabling any offer.
Why do investors buy whole buildings in Ajman rather than Dubai?
Ajman's lower price per square foot relative to Dubai and Sharjah allows investors to acquire income-producing assets at a lower capital outlay, often resulting in higher gross rental yields on entry. The trade-off is lower liquidity and a smaller secondary market compared to Dubai.
Can foreigners buy buildings in Ajman?
Ajman permits freehold ownership by a wide range of nationalities in designated areas. Buyers should verify the specific zone status of the property and registration requirements with the Ajman Department of Land and Real Estate Regulation before completing any acquisition.