Residential Building Al Majaz 2 84 Units

For Sale: Premium Building in Al Majaz 2

Property Details:

Location: Al Majaz 2, one of the most vibrant areas in Sharjah.
Plot Area: 14,000 sq. ft.
Structure: Ground + 10 floors.
Units Breakdown:
42 two-bedroom apartments.
42 three-bedroom apartments.
1 studio unit.
Age of the Building: 23 years.
Investment Returns:

Current Income: AED 2.4 million annually.
Projected Income: AED 2.6 million annually with minor upgrades.
Occupancy Rate: High demand due to the prime location and excellent facilities.
Advantages and Location Features:

Prime location near Al Majaz Waterfront, offering attractive views and a desirable living environment.
Easy access to major roads like King Faisal Street and Al Ittihad Road.
Surrounded by essential amenities, including schools, hospitals, shopping centers, and restaurants.
Al Majaz is known for its central location and high demand for residential units.
Investment Highlights:

Diverse unit types attract a broad range of tenants.
Stable and consistent rental income with potential for growth.
A promising opportunity in a high-demand and rapidly appreciating area.
Asking Price:

AED 24 million.
For inquiries and further details, please contact:

[ +971503063636 ]

Property details

Property Type

Whole Building

Property Size

14,000 sqft / 1,301 sqm

Bathrooms