Immeuble à Al Qulayaah, 11 chambres, 5500000 AED - 13986708

Building for Sale in Sharjah – Al Qulayaa AreaAn excellent investment building for sale in the Emirate of Sharjah, located in Al Qulayaa area, a prime and active location close to all essential services and facilities. Ideal for investors seeking stable annual income and solid returns.
The building is constructed on a 2,900 sq. ft. plot and consists of Ground Floor + 6 Floors, comprising:

12 one-bedroom apartments (1BHK)
15 studio apartments
1 commercial shop

The building is 14 years old, well maintained, and fully rented, making it a ready investment opportunity with no additional expenses required.
Current annual income: AED 445,000
Asking price: AED 5,500,000
The property offers a good return on investment compared to the asking price, along with a strategic location in an area with continuous rental demand, ensuring stable income and potential future growth.
A great opportunity for investors looking to own an income-generating property in Sharjah.