Appartement in Muwaileh Commercial，Al Mamsha, 1 slaapkamer, 830000 AED - 16895798

Apartment for Sale in Al Mamsha – Sharjah | Large Terrace | Rented for AED 63,000 per Annum

Property Details

Location: Al Mamsha Project – Sharjah

Property Type: Residential Apartment

Area: 970 sq. ft.

Layout: Master bedroom and living room

Kitchen: Open-plan, connected to the living room

Bathrooms: En-suite bathroom (in the master bedroom) and a guest bathroom

Terrace: Large

Parking: Dedicated parking space

Asking Price: AED 830,000

Property Status: Currently rented

Annual Rental Income: AED 63,000

Lease Expiry: January

Service Charges: AED 10,000

Property Description

For sale: An exceptional apartment in the Al Mamsha project, Sharjah. Spanning 970 sq. ft. , this unit combines a functional layout with a prime location. It features a master bedroom, a spacious living room, an open-plan kitchen, a guest bathroom, and a large terrace that provides additional outdoor space for relaxation and enjoyment.

The apartment offers a well-planned interior, a generous terrace, and a dedicated parking space, making it an excellent choice for either personal residence or real estate investment.

The property is currently tenanted at AED 63,000 per year, with the lease agreement expiring in January. This presents an opportunity for a buyer to acquire an income-generating asset, with the flexibility to review future options once the current lease term concludes. Apartment Features

Located in the Al Mamsha project, Sharjah

Area: 970 square feet

Master bedroom and a living area

Open-plan kitchen connected to the living area

Guest bathroom

Large terrace

Parking space

Current rental income: AED 63,000 per year

Suitable for investment or personal residence

Price and Investment Return

Asking price: AED 830,000

Annual rent: AED 63,000

Approximate gross rental yield: 7.59% per annum

Service charges are AED 10,000; assuming this is an annual cost, the net income—after deducting these fees—is AED 53,000, representing an approximate yield of 6.39% (before other potential expenses).

An excellent opportunity to own an apartment in the Al Mamsha project in Sharjah, featuring a large terrace, parking, and existing rental income, for AED 830,000.