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For Sale: Residential Building in Al Majaz 2 – 84 Units with AED 2.4M Annual Income
For Sale: Premium Building in Al Majaz 2
Property Details:
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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.
- 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.
- 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.
- 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.
- AED 24 million.
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Property Information
- TypeResidential Building
- PurposeFor Sale
- Reference no.Bayut - 105950-aL27wy
- CompletionReady
- Average Rent
- Added on6 January 2025
Features / Amenities
Balcony or Terrace
Lobby in Building
Elevators in Building: 2
Service Elevators
+ 2 more amenities
