Residential Building for Sale | Muwaileh, Sharjah

Residential Building for Sale | Muwaileh, Sharjah
An excellent investment opportunity to own a residential building in Muwaileh, Sharjah, offering 24 studio apartments and attractive rental income potential.
Building Specifications:

Location: Muwaileh, Sharjah
Plot Area: 2,906 sq. ft.
Building Structure: Ground Floor + 3 Floors
Total Units: 24 Studio Apartments

Investment Details:

Current Annual Rental Income: AED 331,000
Potential Annual Income: Up to AED 408,000 following rental adjustments

Estimated Gross Rental Yield:

Based on current income: approximately 7.88%
Based on potential income: approximately 9.71%

A promising opportunity for investors seeking a residential property with multiple rental units and potential for increased returns.
For more information or to arrange a viewing, contact Aoun Real Estate.
Note: The potential rental income is based on the seller’s estimate and is subject to achievable rental rates and applicable regulations.