Immeuble à Abu Shagara, 11 chambres, 21500000 AED - 16755989

An excellent income-generating full-building investment opportunity is available for sale in Abu Shagara, Sharjah, strategically located on the second plot from Al Wahda Street.
Built on a 10,000 sq. ft. plot, this G+10 residential and commercial building comprises 60 apartments and 4 shops. The building is approximately 25 years old and has been regularly maintained, clean and kept in excellent condition.
With an existing annual rental income of AED 2,100,000, this property presents an attractive opportunity for investors looking for an established income-generating asset in a prime Sharjah location.

PROPERTY DETAILS

Location: Abu Shagara, Sharjah
Prime Position: Second Plot from Al Wahda Street
Land Area: 10,000 sq. ft.
Building: G+10 Floors
Building Age: Approximately 25 Years
Condition: Clean & Well-Maintained
Total Apartments: 60 Units
Commercial Units: 4 Shops

UNIT MIX

20 × 3-Bedroom Apartments
20 × 2-Bedroom Apartments
20 × 1-Bedroom Apartments
4 Shops

INVESTMENT DETAILS

Annual Rental Income: AED 2,100,000
Asking Price: AED 21,500,000
Approx. Gross Rental Yield: 9.77%
Strong existing rental income
Residential & commercial income mix
Suitable for individual investors, investment companies and property portfolios

LOCATION ADVANTAGES

Prime location in Abu Shagara, Sharjah
Second plot from Al Wahda Street
Convenient access to major Sharjah areas
Good connectivity towards Dubai–Sharjah routes
Located within an established residential and commercial community
Excellent location for long-term residential investment

A strong investment opportunity offering 60 residential apartments, 4 commercial shops and AED 2.1 million in annual rental income in a prime Abu Shagara location.
Property details, rental income, availability and transaction terms are subject to final owner confirmation and due diligence.

FOR ENQUIRIES & VIEWINGSMs. Jessy Badarudeen
Sales & Leasing Manager
Al Waha Real Estate – Sharjah
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Website: wahauae. com