Palm Tower 3, Al Majaz

Palm Tower 3, Al Majaz

HIGHLIGHTS

About Palm Tower 3

Palm Tower 3 is a  high-rise residential building in Al Majaz-2, a subcommunity in Al Majaz. Al Majaz is a  popular waterfront community in Sharjah. The residential district is built over Al Khalid Lagoon. Situated along Buhaira Corniche, the community offers breathtaking views of the Khalid Lake. Al Majaz houses various waterparks and restaurants. Besides tourism, the residential district is also known for its high-rise residential and commercial buildings. Apartments for rent in Al Majaz have become a preferred choice due to its affordability.

The buzzing community is well-connected to Al Wahda Street and Al Khan Street. It is also close to Al Qasba Canal.

Palm Tower 3, Sharjah is a 659-feet-high building. It has 51 floors above ground, out of which 7 floors are dedicated to parking. The ground floor has space for retail outlets. Palm 3 Tower, Sharjah has a dedicated floor for health club. It has 42 residential floors that provide Vastu-compliant studios and 1,2 and 3bedroom apartments.

IN A NUTSHELL

  • Waterfront skyscraper with stunning views of Al Khalid lakes
  • Located along Buhaira Corniche in Al Majaz
  • 51 floors above the ground
  • Studios and apartments with 1, 2 and 3 bedrooms
  • 7-floor parking and a floor dedicated to health-club
  • Linked with Al Wahda Street, Al Khan Street and Al Khan Bridge
  • Close to Al Qasba Canal

BUILDING DETAILS

Facilities in Palm Tower 3

Parking

7 floors above ground level are for parking in Palm Tower 3. Minimum 1 slot is allocated for every apartment. There is also a huge parking space outside the building for visitors.

Elevators

Fast-moving elevators in Palm Tower 3 facilitate residents and guests to move to all floors. There are also service elevators in the building.

Security, Central Air-Conditioning and Maintenance Services 

The building has CCTV cameras and centralised heating and air conditioning systems. The building also has security and maintenance staff to provide round-the-clock services.

Gym and Fitness Facilities 

The health club floor boasts a well-equipped gym in Palm Tower 3. It’s called European Sports Club Fitness Facility, which has state-of-the-art fitness machines.

Lifestyle Amenities

Besides an indoor fitness facility, the project also has a shared swimming pool for residents and a play area for kids.

Concierge and Guest Services 

Concierge and guest service is available in the building. Desk staff offers 24-hour assistance to residents and visitors. Residents can contact staff via intercom.

Pet-friendly

It is a pet-friendly building.

Apartment Types in Palm Tower 3

Apartment types in Palm Tower 3 consist of Vastu-compliant studios and 1, 2 and 3 bedrooms apartments.

Except for studios, all units have a balcony with a glass sliding door and a powder room in the living area. Apartments with large floor areas also have a storeroom and laundry. All apartments have high-end fixtures, tiled flooring, built-in wardrobes and floor to ceiling double glazed windows. Kitchens are outfitted with wood cabinets, stone countertops, and sink. Bathrooms also have high-quality sanitary fittings and fixtures.

Studio Apartments in Palm Tower 3

Studios are spacious with floor area ranging from 538 sq. ft. to 600 sq. ft. They consist of a spacious sleeping and living area with floor to ceiling windows and built-in-wardrobes. Studios also have awell-fitted bathroom and cooking area.

1-Bedroom Apartments in Palm Tower 3

The floor area of 1-bedroom apartments range from 950 sq. ft. to 1,000 sq. ft. They have a master bedroom with an en-suite bathroom, a living and dining area with a powder room and a balcony. The remaining space has a closed kitchen and utility area for the storage and laundry.

2-Bedroom Apartments in Palm Tower 3

The 2-bedroom apartments span over an area ranging from 1,200 sq. ft. to 1,486 sq. ft. These units come with a master bedroom along with an en-suite bathroom and a standard bedroom with an attached bath. The living room also has a guest bathroom. Units also have a balcony and utility area. Interiors are upgraded with quality fixtures. 

3-Bedroom Apartments in Palm Tower 3

With an average covered area of 1,800 sq. ft., 3-bedroom apartments in Palm Tower 3 consist of 1 master bedroom with an attached bathroom and 2 standard bedrooms with en-suite bathrooms. The living room also has a powder room and balcony with sliding glass doors.

Larger units also have a maid’s room with a private bathroom. These units have separate utility areas for laundry and storage.

Most Popular Apartment Types in Palm Tower 3

  • Studio
  • 1-Bed
  • 2-Bed
  • 3-Bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%

Based on searches conducted by users on Bayut.com over the past 6 months

Searches on Bayut show that 1-bedroom apartments and studios are ranked on first and second positions respectively. Apartments with 2 bedrooms are positioned on 3rd, whereas 3-bed units come on 4th position.

Rental Trends in Palm Tower 3

There are various options in apartments for rent in Palm Tower 3.

  • Rent of 1-bedroom apartments is around AED 20K per year.
  • The rental cost of 2-bedroom units starts from AED 30K per year.
  • Rent for 3-bedroom apartments is about AED 40K per year.

Sales Trends in Palm Tower 3

Apartments for sale in Palm Tower 3 have lots of options for buyers.

  • The cost 1-bedroom flats starts at AED 350K.
  • Price for 2-bedroom apartments ranges from AED 530K to AED 590K.
  • 3-bedroom units in Palm Tower3 are available at the starting price of AED 1.35M.

Buying prices for apartments depend on current market trends and changes accordingly.

Rental Yield in Palm Tower 3

  • 1-Bed
  • 3-Bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%

Based on searches conducted by users on Bayut.com over the past 6 months

As per the searches on Bayut, 1-bedroom apartments give maximum return on investments that is 7.1%, whereas, 3-bedroom units offer an ROI of 3.6%.

NEARBY AMENITIES

Transportation near Palm Tower 3

The residential tower is located in the popular community of Al Majaz in Sharjah. There are various modes of transportation near Palm Tower 3, Sharjah. Also, as the community is well-connected to the major roads, those who own a car can easily travel in and around the city.

Bus Stations Near Palm Tower 3

Bus stations are situated under the drive of 15 minutes. The nearest bus station is Sharjah, Al Wahda Rd, Subway 1 Bus Stop that is at the driving distance of 6 minutes. The Sharjah King Faisal Road Bus Stop and Al Jubail Bus Station are also at a driving distance of 12 minutes.

Metro Stations near Palm Tower 3

As Al Majaz is located close to the Dubai-Sharjah border, thus residents can also avail Dubai Metro service. Al Qiyadah Metro Station is at the short drive of 9 minutes, whereas, Stadium Metro Station and Al Nahda Metro Station are 15 minutes away from the building.

Restaurants near Palm Tower 3  

A variety of restaurants near Palm Tower 3 makes this place more attractive for residents.

  • Laffah Restaurant
  • Hannouf Restaurant
  • Nayab Haandi

Laffah Restaurant is the nearest eatery at a driving distance of 7 minutes. Hannouf Restaurant and Nayab Haandi are just 6 minutes away from the tower. Hannouf Restaurant has Arabic and Middle Eastern dishes on the menu, while Nayab Handi offers Pakistani cuisine.

Fine dining options include Bangkok Town Restaurant and Shababeek Restaurant, both located at the short drive of 9 minutes. Bangkok Town Restaurant provides amazing seafood from Thai cuisine and Shababeek Restaurant features Arabian and Middle Eastern food.

Supermarkets near Palm Tower 3

Supermarkets near Palm Tower 3 fulfill the grocery needs of residents. The ground floor of the building houses Noor Al Amani Supermarket. Some of the popular markets in the vicinity are:

  • LuLu Hypermarket Al Buhaira
  • Buhairat Al Madina Supermarket
  • Carrefour Market
  • Istanbul Supermarket

LuLu Hypermarket Al Buhaira is the nearest supermarket. Located in Al Fardan Center, Carrefour Market is 4 minutes away. Buhairat Al Madina Supermarket is also at the same distance. Those looking to buy fresh veggies and fruits can also visit Istanbul Supermarket, which is located 5 minutes away from the building.

NEARBY BUILDINGS

The building is close to several high-rise towers and hotels. Few of the residential buildings and hotels are:

  • Ameer Bu Khamseen Tower-Residential Building
  • The First Tower-Residential Building
  • The Blue Towers-Buhaira- Residential Building
  • Golden Tulip Sharjah-Four Star Hotel
  • Hilton Sharjah-Five Star Hotel

Ameer Bu Khamseen Tower, The First Tower & The Blue Towers are located under the driving distance of 10 minutes. Whereas, Golden Tulip Sharjah is at the walking distance of 5 minutes. A five star hotel Hilton Sharjah is also reachable via short drive of 8 minutes.

Major Landmarks

Besides enjoying stunning sea views, residents can also access landmarks and a couple of must-visit places in Sharjah. Nearby landmarks include:

  • Al Noor Mosque
  • The Flag Island
  • Souq Al Shanasiyah
al noor mosque
The beautiful Al Noor Mosque

Al Noor Mosque is at a driving distance of 8 minutes. It is listed among the most magnificent mosques in Sharjah. It has a cascade of domes and two minarets. Al Noor Mosque in Sharjah is the first mosque in the UAE to operate mosque tours for non-muslims. 

The Flag Island, Sharjah
The Flag Island-A cultural & tourist attraction in Sharjah

The Flag Island is located in the heart of Sharjah. Located 11 minutes away from Palm Tower 3, this island is one of the most prominent cultural and tourist attractions in Sharjah. It has a UAE flag on a 123-metre-high pole that is ranked on the 7th position among the tallest flagpoles in the world.

Souq Al Shanasiyah is one of the oldest souks in Sharjah. It is located 13 minutes away from the tower. The souk is beautifully renovated and it displays unique regional items.

THINGS TO CONSIDER

Palm Tower 3 is located in the bustling district of Al Majaz, which is known to attract a number of tourists. Those who are looking for a quiet and peaceful accommodation might find this place noisy and overcrowded. Homebuyers planning to buy apartments for sale in Al Majaz should consider this before moving in.

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