- Property type: Commercial building
- Location: Muwaileh Commercial, Sharjah
- Price: AED 13,000,000
Investment residential building for sale in Muwaileh Commercial, Sharjah, featuring 45 apartments, a strong existing rental income, and a prime location with frontage on three streets.
The building is located behind Al Thiqa Club, close to City Centre Al Zahia and Sheikh Mohammed Bin Zayed Road, offering convenient access to major roads and surrounding amenities.
Property Details:
• Plot size: 7,185 sq. ft.
• Building configuration: Ground + 3 Floors (G+3)
• Located on 3 streets
• Total residential units: 45 apartments
• 21 one-bedroom apartments
• 24 studio apartments
• Building age: approximately 18 years
Rental Income:
• Current annual rental income: AED 1,100,000
• Previous annual rental income reached approximately AED 1,250,000
Additional Investment Potential:
• Previous approval was obtained to convert the ground floor into commercial retail shops.
• Potential for future commercial development, subject to applicable approvals.
An attractive opportunity for investors looking for an income-generating residential building with an established rental history, a substantial number of units, and a strategic location in Muwaileh Commercial, Sharjah.
Asking Price: AED 13,000,000