Muwaileh, Sharjah

High-Yield Fully Rented Investment Building for Sale in Muwaileh, Sharjah! We are pleased to present a lucrative residential investment building (G+3) for sale in the vibrant and high-demand rental district of Muwaileh, Sharjah. Comprising exclusively 24 studio apartments, this asset guarantees consistent high occupancy rates and offers an immediate rental income with significant growth potential upon updating lease values to current market rates.
Building Specifications & Breakdown:

Location: Muwaileh, Sharjah (Prime location with close proximity to University City and key road networks).
Plot Area: 2,906 Sq. Ft.
Structure: Ground + 3 Floors.
Total Units: 24 Studio Apartments.

Financials & ROI Potential:

Current Annual Income: AED 331,000.
Projected Annual Income (Upon Adjusting Lease Rates to Market Standard): Reaches up to AED 408,000 / year.
Asking Price: AED 4,200,000.