Building for Sale – Muwaileh Commercial, Sharjah

Prime location on three streets, directly on a main road branching from Sheikh Mohammed Bin Zayed Road, behind Al Thiqa Club and opposite Al Zahia City Centre.
Building Details:
• Ground Floor + 3 Floors
• Land Area: 7,185 sq. ft.
• Total Units: 45 Apartments
Unit Breakdown:
• 21 One-Bedroom Apartments (Living room + balcony, some with 1 bathroom and some with 2 bathrooms)
• 24 Studio Apartments (various sizes – large and standard)
Additional Features:
• Watchman room with bathroom
• Management room
• Approved fire safety and firefighting system
• Full maintenance contracts for the elevator and air-conditioning systems
• Security system with surveillance cameras
• Split unit air conditioning
• Connected to the public sewage system
Building Age: Approximately 10 years
Current Annual Income: AED 1,046,000 (after rent reductions)
Previous Annual Income: Up to AED 1,250,000 before the COVID period
Income has potential to increase again.
Important Note:
There is an official permit and approval from the municipality and planning department to convert 6 ground-floor apartments into commercial shops, with an approved project layout.
Asking Price: AED 12,500,000 (Negotiable)