Gebouw in Al Majaz，Al Majaz 2, 3 slaapkamers, 105000000 AED - 16815041

Residential Investment Tower for Sale in Al Majaz 2 – Sharjah | Annual Yield Exceeding 10%

Property Details

Location: Al Majaz 2 – Sharjah

Property Type: Residential investment tower

Land Area: 20,000 sq. ft.

Building Age: 14 years

Building Configuration: Ground floor + Mezzanine + 6 parking floors + 25 residential floors + Roof

Total Units: 251 units

Asking Price: AED 105,000,000

Advertised Annual Yield: Over 10%

Residential Unit Details

48 One-bedroom apartments

144 Two-bedroom apartments

48 Three-bedroom apartments

2 Three-bedroom penthouses

6 Three-bedroom townhouses

2 Four-bedroom townhouses

Property Description

A residential investment tower is available for sale in Al Majaz 2, Sharjah. Situated on a 20,000 sq. ft. plot and aged 14 years, the tower features a comprehensive layout that includes multiple parking levels and 25 residential floors. It offers a variety of residential units designed to cater to diverse tenant segments.

The tower comprises apartments of various sizes—including one, two, and three-bedroom units—as well as penthouses and townhouses. This variety in housing options enhances the potential to attract a wide range of tenants. Investment Highlights

Residential investment tower in Al Majaz 2, Sharjah

Land area of 20,000 sq. ft.

25 residential floors

Wide variety of unit types and sizes

Includes apartments, penthouses, and townhouses

6 parking levels (based on provided data)

Advertised annual return exceeding 10%

Suitable for investors seeking a large-scale real estate investment

Price and Return

Asking price: AED 105,000,000

Advertised annual return: Over 10%

To achieve a 10% gross return on the asking price, annual income must exceed AED 10,500,000 (prior to deducting operating expenses, maintenance, and other costs).

An investment opportunity to acquire a residential tower in Al Majaz 2, Sharjah, featuring diverse residential units and building components, with an advertised annual return exceeding 10%.