Bayut - 109689-YuBuvh_QA

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AED850,000

Est. Payment AED 3.5K/mo

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The Gate 2, The Gate, Aljada, Sharjah

1 Bed

2 Baths

678 sqft

Investment Opportunity | Rented 1BR in The Gate 2, Aljada | AED 850K

INVESTMENT OPPORTUNITY | 1-BEDROOM APARTMENT IN THE GATE 2, ALJADA, SHARJAH
Secure an income-generating property in Aljada, one of Sharjah’s major master-planned residential and lifestyle destinations.
Offered at AED 850,000, this 1-bedroom apartment in The Gate 2 combines an existing rental income, a balcony with a front-facing view, and a strategic location within a growing residential community. Whether you are an investor seeking rental income or a buyer planning to enter Sharjah’s property market, this property deserves your consideration.
PROPERTY DETAILS

Location: The Gate 2, Aljada, Sharjah
Property Type: 1-Bedroom Apartment
Floor: 2nd Floor
Size: 678 Sq. Ft.
View: Front View
Balcony: Yes
Bathrooms: 2
Selling Price: AED 850,000
Current Annual Rent: AED 60,000
Occupancy: Currently Rented
Mortgage: Available, subject to bank approval

EXISTING RENTAL INCOME FROM DAY ONE
The apartment is currently rented for AED 60,000 per year, offering an established rental income for the new owner, subject to the existing tenancy agreement.
Investment Figures:

Asking Price: AED 850,000
Annual Rental Income: AED 60,000
Gross Rental Yield: Approximately 7.06%
Monthly Equivalent Rental Income: AED 5,000

The gross rental yield is calculated before service charges, maintenance, management fees, vacancy periods, and other ownership expenses. Actual net returns will depend on these costs and the applicable tenancy terms.
FLEXIBLE POSSESSION OPTIONS
Choose the option that best suits your plans:

Investment: Continue with the existing tenant and retain the current rental income, subject to the tenancy agreement.
End-User Purchase: Vacant possession may be possible upon purchase, subject to the agreed terms and applicable legal requirements.

WHY INVEST IN ALJADA?
Developed by Arada, Aljada is a large-scale master-planned community designed to bring residential living, retail, education, leisure, and business destinations together.
Key community advantages include:

Established Lifestyle Destination: Madar offers a family entertainment destination within Aljada.
Education Access: Convenient access to University City and educational institutions in the surrounding area.
Major Road Connectivity: Access to Sheikh Mohammed Bin Zayed Road (E311) and Al Dhaid Road (E88).
Shopping and Dining: A growing selection of retail, restaurants, cafés, and everyday conveniences.
Residential Demand: An established residential community with a range of homes and lifestyle facilities.
Long-Term Ownership Potential: Buyers can consider both current rental income and the potential for future capital appreciation, without any guarantee of future returns.

Aljada’s scale and combination of residential and lifestyle facilities make it a location worth considering for buyers looking beyond a standalone apartment.
A PRACTICAL INVESTMENT WITH AN EXISTING TENANT
At AED 850,000, this property offers a straightforward investment proposition: an existing tenant, AED 60,000 in stated annual rent, a balcony, a front-facing view, and access to Aljada’s wider community facilities.
Mortgage financing may be available, subject to the buyer’s eligibility, bank valuation, and approval.
For Further Details or to Arrange a Viewing:
Aamir Qayoom
Dar Al Rayhan Real Estate LLC

aamir.