Great Location.Mix Use rented Tower in Majaz SharjahGreat Location.Mix Use rented Tower in Majaz Sharjah
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Great Location. Mix Use rented Tower in Majaz Sharjah

AED67,000,000
Al Majaz, Sharjah
120,000 sqft

Overview

  • TypeResidential Building
  • Price
    AED67,000,000
  • Bedroom(s)-
  • Bath(s)-
  • Area120,000 sqft
  • PurposeFor Sale
  • LocationAl Majaz, Sharjah
  • Ref. No:Bayut - 1167-Rb-S-0251

Description


Exclusive with Savills!

A beautiful mix use building for sale in Sharjah, Majaz 2.
Al Majaz is an area in Sharjah which has in the recent past become hugely popular among the citizens and residents. Al Majaz is divided into Al Majaz 1, Al Majaz 2 and Al Majaz 3, and they are situated around the Khalid lagoon.

Project Details:
GROUND + 18 STOREY TOWER

GROUND FLOOR: 2 RETAILS
FIRST FLOOR: 7 OFFICES
2nd to 18th Floors: 119 Apartments (17 x 3beds & 102 x 2beds)
Plot Size: 1069.10 Sqm (Corner Plot)

GROSS YEARLY INCOME: AED 7,300,000 approx.
Net rental yield: 5.6%

SELLING PRICE: AED 70,000,000

About Sharjah
  • Sharjah has an approximate area of 236 kmxb2
  • Third largest and third most populous city in the United Arab Emirates
  • Located along the northern coast of the Arabian Peninsula.
  • Known for being more conservative than its southern neighbor, Dubai, Sharjah is widely considered the nationu2019s cultural capital.
  • Contributes significantly to UAE economy making it a key player in economic development.
  • Sharjah enjoys strong tenant demand / high occupancy rates .
  • Demand for rented accommodation is expected to continue to be buoyed by expanding level of economic activity and job creation.
  • Political instability across parts of the Middle East has continued to generate a steady stream of new tenants for Sharjah.
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Company name: SAVILLS Middle East

Address: 2702-C Al Marzouqi Towers, King Faisal Street, Sharjah, UAE P. O. Box 3616
Email:

Website: http://sharjah. savills. ae

Founded in 1855, SAVILLS is a global real estate firm with more than 35,000 staff and 600 offices worldwide. In the Middle East, we have been the regional leader and real estate advisor of choice for over 42 years. The team provides an array of specialist services including strategic consultancy, valuations, residential sales and leasing, commercial sales and leasing, property and facilities management, international tenant representation, international residential and market research.

Features / Amenities

Balcony or Terrace
Maintenance Staff
Broadband Internet
ATM Facility

Location & Nearby

Schools
Restaurants
Hospitals
Parks

Mortgage

Calculate and view the monthly mortgage on this residential building

Total Price
AED
Loan Period
Years
Down Payment
AED
25%
Interest Rate
%
AED
244,611
per month
TOTAL LOAN AMOUNTAED73,383,310
Payment Breakdown
InterestPrincipal

Trends

Agent:Imran Abdul Kareem
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