Gebäude in Abu Shagara, 11 schlafzimmer, 28000000 AED - 16496000

A premier, high-performing commercial investment opportunity to acquire an Income-Generating Residential & Commercial High-Rise Tower (G+M+12 + Basement Parking) situated directly on the iconic Al Estiqlal Street in the bustling, densely populated urban center of Abu Shagara, Sharjah. Occupying an expansive plot footprint of 9,999 sq ft with construction completed in 2004, the tower features a massive capacity of 102 revenue-generating units, comprising 98 residential apartments (72 one-bedroom units and 26 two-bedroom units) alongside 4 large commercial retail shops with mezzanine floors and 10 dedicated parking bays. The asset produces an impressive, established annual rental income of AED 2,836,950, delivering exceptional long-term stability and consistent cash flow. Ownership is reserved exclusively for GCC Nationals.
Property Specifications & Unit Mix

Location: Abu Shagara, Sharjah
Main Road Frontage: Directly on Al Estiqlal Main Street (شارع الاستقلال الرئيسي)
Property Type: High-Rise Residential & Commercial Building
Building Structure: Ground + Mezzanine + 12 Typical Floors + Basement Parking (G+M+12)
Plot Area: 9,999 sq ft
Year of Construction: 2004
Total Revenue Units (102 Units):
- 72 One-Bedroom Apartments (1 Bedroom + Hall)
- 26 Two-Bedroom Apartments (2 Bedrooms + Hall)
- 4 Prime Commercial Shops (With Mezzanine)
- 10 Dedicated Vehicle Parking Bays
Ownership Eligibility: GCC Nationals Only (تملك دول مجلس التعاون الخليجي)

Financial Details & Income Profile

Price: Contact for Price / Serious Inquiries
Annual Rental Income: AED 2,836,950 / year
Occupancy & Tenancy: Fully active income-generating portfolio asset

Highlights

Massive AED 2.83M+ Annual Revenue: Established cash-flow asset with proven high tenancy demand and minimal vacancy risk.
Commanding Al Estiqlal Street Exposure: Prominent main boulevard position ensuring steady customer traffic for retail units and premier visibility.
Diversified 102-Unit Portfolio: Strong rental distribution balancing 1BR, 2BR, and commercial showrooms to maintain maximum operational yields.
Core Downtown Connectivity: Centrally located in Abu Shagara with immediate access to King Faisal Street, Al Wahda Street (E11), government services, shopping malls, and rapid transit routes to Dubai.

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