Gebouw in Al Qulayaah, 11 slaapkamers, 9000000 AED - 16495943

A high-performing, turnkey commercial and residential investment opportunity to acquire an Income-Generating Multi-Storey Building located in the vibrant coastal district of Al Qulayaah, Sharjah, just steps away from the sea. Constructed on a plot area of approximately 4,551 sq ft with a completion certificate issued in 2012, the property comprises a total of 30 revenue-generating units (27 residential apartments and 3 ground-floor retail shops). The property produces a reliable, established annual rental income of AED 642,000, delivering a gross return of ~7.13% at an asking price of AED 9,000,000 (Negotiable).
Property Specifications & Unit Mix

Location: Al Qulayaah, Sharjah (Near the Coastline / Corniche)
Property Type: Residential & Commercial Building
Land / Building Area: Approx. 4,551 sq ft
Completion Certificate (BCC): 2012
Total Units (30 Units):
- 10 Two-Bedroom Apartments (2 Bedrooms + Hall)
- 10 One-Bedroom Apartments (1 Bedroom + Hall)
- 7 Studio Apartments
- 3 Commercial Retail Shops

Financial Details & Investment Returns

Total Asking Price: AED 9,000,000
Price Terms: Negotiable (قابل للتفاوض)
Annual Rental Income: AED 642,000 / year
Gross Return on Investment (ROI): ~7.13%

Highlights

Turnkey Cash Flow Asset: Fully operational and leased asset generating AED 642,000 per year from day one.
Balanced Unit Composition: A diversified mix of 2-bedroom, 1-bedroom, and studio apartments, paired with street-level retail shops to maximize rental stability and occupancy rates.
Prime Coastal Location: Situated in Al Qulayaah close to the sea, Sharjah Beach promenade, local amenities, and direct transit corridors linking to Ajman and Dubai.

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