Prime G+2 Building on 3 Streets | 17 Units | 100M from Park | AED 453K Post-Renewal Income | Maysaloon

A high-yield residential investment opportunity to acquire an Income-Generating Multi-Family Building (Ground + 2 Floors) situated on an exceptional 3-street open plot in the mature, densely populated neighborhood of Maysaloon, Sharjah. Occupying a land plot of 6,210 sq ft (577 sqm) located only 100 meters away from the neighborhood public park, the property enjoys open access, excellent natural light, and tenant convenience. The building comprises a total of 17 residential units, configured as 9 one-bedroom apartments, 4 two-bedroom apartments, and 4 studios. The asset produces an active annual rental income of AED 417,925, with several lease agreements currently undergoing renewal. Upon completion of contract revisions, the projected annual income rises directly to AED 453,000 per year, delivering an attractive gross return on investment (ROI) of 8.71%. Offered at an asking price of AED 5,200,000 (Negotiable).
Property Specifications & Unit Mix

Location: Maysaloon, Sharjah
Plot Type: Prime Open Plot Facing 3 Streets (على ثلاث شوارع)
Proximity: Only 100 meters from the park (تبعد 100 متر فقط عن الحديقة)
Property Type: Residential Investment Building
Building Height: Ground + 2 Typical Floors (G+2)
Land Area: 6,210 sq ft (577 sqm)
Total Residential Units (17 Units):
- 9 One-Bedroom Apartments (1 Bedroom + Hall)
- 4 Two-Bedroom Apartments (2 Bedrooms + Hall)
- 4 Studio Apartments

Financial Details & Returns

Total Asking Price: AED 5,200,000 (Negotiable / قابل للتفاوض)
Current Existing Income: AED 417,925 / year (Current Gross ROI: ~8.04%)
Projected Post-Adjustment Income: AED 453,000 / year (Projected Gross ROI: 8.71%)
Tenancy Note: Multiple lease contracts are currently in the process of renewal/rate adjustment.

Highlights

Three-Street Exposure: Unobstructed three-sided road frontage ensuring easy vehicle parking and high tenant demand.
Steps to the Park: Just 100 meters walking distance to the community park, making it ideal for families.
Immediate Income Upside: Built-in rental increases taking the gross income to AED 453,000 per annum (8.71% ROI).
High-Demand Unit Ratio: Practical combination of studios, 1-bedroom, and 2-bedroom units ensuring consistent occupancy and rapid re-leasing.
Central Maysaloon Location: Established inner-city enclave offering quick connectivity to Rolla, Clock Tower, Al Sharq Street, and direct exits toward Dubai and Ajman.

Contact