For Sale or Strategic Partnership _ big investors

For Sale or Strategic Partnership

A prime investment property located in Al Khan, Sharjah, directly on Al Khan Corniche, with frontage on three streets.

The project consists of three towers

One Office Tower

Two Residential Towers

Property Details

Land Area 30,000 sq. ft.

Built Up Area 250,000 sq. ft.

Approved Height G+33

Total Apartments 544

Commercial Offices 144

Retail Shops 7

Elevators 4

Building Age Only 1 Year

Residential Unit Mix

316 One Bedroom Apartments

41 Two Bedroom Apartments

8 Three Bedroom Apartments

28 Studios

Investment Details

Current Annual Income AED 38,300,000

Current Return 12%

Asking Price AED 305,000,000 negotiable

Ownership available for UAE Nationals and GCC Nationals only

Strategic Partnership Opportunity

The project is available for full acquisition or for a strategic investor to participate by settling AED 124,000,000 with Dubai Islamic Bank.

The partnership structure will be determined according to the applicable legal and accounting arrangements.

There are also 33 floors currently not utilized, providing significant potential for additional income.

If fully operational, the projected annual income could reach approximately AED 45,000,000 to AED 50,000,000, subject to the final utilization and operation plan.

A major investment opportunity in a prime waterfront location in Al Khan, Sharjah, combining strong existing rental income with significant potential for future income growth.