Immeuble à Al Taawun, 2 chambres, 37000000 AED - 16652229

Residential-Commercial Building for Sale in Al Taawun – Al Mamzar – Sharjah
Property Details
Location: Al Taawun – Al Mamzar – Sharjah
Property Type: Residential-commercial building
Land Area: 7,200 sq. ft.
Building Age: Approximately one year
Condition: Modern tower; first-time occupancy (brand new)
Configuration: Ground floor + 4 parking levels + 10 typical floors
Number of Apartments: 60
Number of Shops: 3 commercial units
Unit Mix: 40 (1-bedroom + hall) apartments; 20 (2-bedroom + hall) apartments
Current Occupancy: 18 apartments leased so far
Expected Income (upon full occupancy): AED 3,000,000 per annum
Asking Price: AED 37,000,000
Ownership: Available to UAE nationals and GCC citizens
Income Yield

Based on the asking price of AED 37,000,000 and the stated annual income of AED 3,000,000:

Gross Annual Income Yield = Approximately 8.11%

Note: AED 3 million does not equate to 8.5% of the AED 37 million price; to achieve an 8.5% yield, the annual income would need to be approximately AED 3,145,000.

Property Description

A modern residential-commercial tower is available for sale in the Al Taawun – Al Mamzar area of Sharjah. Approximately one year old, the tower is brand new and ready for first-time occupancy. It sits on a 7,200 sq. ft. plot and features a configuration that offers a significant number of residential units and commercial facilities. The tower comprises a ground floor, 4 parking levels, and 10 residential floors. It houses a total of 60 apartments—40 one-bedroom units and 20 two-bedroom units—along with 3 commercial retail spaces.

To date, 18 apartments have been leased. Based on the provided data, the projected annual income once fully leased is approximately AED 3 million.

The asking price for the building is AED 37 million, and ownership is available to UAE nationals and citizens of GCC countries.

**Key Investment Highlights**
Modern tower (approx. 1 year old)
First-time occupancy (brand new)
Plot area: 7,200 sq. ft.
60 residential apartments
40 one-bedroom units
20 two-bedroom units
3 commercial retail spaces
Ground floor + 4 parking levels + 10 residential floors
18 apartments currently leased
Projected annual income: AED 3 million
Calculated gross yield: approx. 8.11%
Ownership available to UAE and GCC nationals
**Price**

AED 37,000,000

Projected income: AED 3,000,000 per year
Calculated yield: approx. 8.11%

An investment opportunity featuring a modern building in the Al Taawun – Al Mamzar area of Sharjah. It offers a significant number of residential units and commercial spaces, with the potential to lease out the remaining units and increase income, based on the provided data.