G-16 Tower, Ajman — 127/145 Units Rented | AED 65,000,000 | 10% ROI
Ajman, United Arab Emirates
EUR 16,000,000 · For Sale
- Commercial
- Uncovered parking
Opportunity: G‑16 Tower in Ajman, United Arab Emirates — a mixed commercial-residential asset offered at AED 65,000,000 (€16,000,000). The plot area is 21,603 sq ft (≈2,006 m²). Portfolio breakdown (as provided): 1 BHK — 2 units; 2 BHK — 60 units; 3 BHK with large hall — (count not specified); 60 shop units; 17 large-hall shop units; 1 penthouse; 2 salon shop units; plus other commercial units — total 145 units. Financial snapshot: 127 of 145 units are currently rented (occupancy 87.6%). Current annual rental income: AED 6,400,000 (current gross yield ≈9.85% on the asking price). Potential full-occupancy income: AED 7,400,000 (potential gross yield ≈11.38%). Average current annual rent per occupied unit ≈ AED 50,394; average at full occupancy ≈ AED 51,034. Average price per unit based on asking price: AED 448,276. Why this asset: the mixed-use configuration (residential flats + retail, large-hall shops and a penthouse) creates diversified cashflow and tenant mix, reducing vacancy risk. The property sits in Ajman — an affordable, fast-growing emirate adjacent to Sharjah and within 30–35 km of Dubai International Airport — giving a broad tenant pool of residents, SMEs and retail operators. For investors: documented cashflow today and clear upside with the remaining 18 vacant units. Ask for the complete dossier for lease rolls, service charge schedules, tenant profiles, floor plans and audited income statements — essential for underwriting and valuation.
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