Gebouw in Abu Shagara, 11 slaapkamers, 20500000 AED - 16655136

A premier high-yield residential and commercial investment asset situated in the highly demanded central hub of Abu Shagara, Sharjah, positioned conveniently as the second plot from Al Wahda Street. Occupying an expansive land plot of 10,000 sq ft, this well-maintained Ground + 10 Floors (G+10) building is in excellent condition with regular ongoing maintenance. The tower features a total of 64 revenue-generating units, comprising 60 spacious residential apartments (20 one-bedroom units, 20 two-bedroom units, and 20 three-bedroom units) alongside 4 street-facing commercial retail shops. The asset generates a strong, steady annual rental income of AED 2,000,000 per year, delivering a solid gross return on investment of 9.76%. Offered at an asking price of AED 20,500,000.
Property Specifications & Unit Mix

Location: Abu Shagara, Sharjah (Second plot off main Al Wahda Street)
Property Type: High-Rise Residential & Commercial Building
Height Structure: Ground Floor + 10 Typical Floors (G+10)
Land Plot Area: 10,000 sq ft
Building Age: 25 Years
Condition: Clean, well-preserved, and subject to regular periodic maintenance
Total Revenue Units (64 Units):
- 20 One-Bedroom Apartments (1 Bedroom + Hall)
- 20 Two-Bedroom Apartments (2 Bedrooms + Hall)
- 20 Three-Bedroom Apartments (3 Bedrooms + Hall)
- 4 Commercial Retail Shops

Financial Overview & Yield Profile

Total Asking Price: AED 20,500,000
Current Annual Rental Income: AED 2,000,000 / year
Gross Return on Investment (ROI): 9.76%
Viewing: Inspection appointments scheduled upon request for serious buyers

Highlights

Second Plot from Al Wahda Street: Unbeatable location offering seamless vehicular access and walking convenience while avoiding direct arterial traffic noise.
High Gross Yield of 9.76%: Strong, reliable annual cash flow producing AED 2M per year.
Balanced Unit Composition: An equal split of 1BR, 2BR, and 3BR apartments caters to both working professionals and larger families, ensuring consistent full occupancy.
Well-Preserved Condition: Clean asset maintained under regular servicing schedules to ensure operational longevity.
Fast Commuter Connectivity: Direct access to Al Wahda Street (E11), King Faisal Street, Abu Shagara Park, shopping destinations, and rapid transit into Dubai.

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