Al Majaz 3, Al Majaz

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1 bedroom Whole Buildings for sale in Al Majaz 3

Mohamed Farouk

NOOR AL TAREEQ REAL ESTATE

Residential-Commercial Building for Sale in Al Majaz 3 – Sharjah
Property Details
Location: Al Majaz 3 – Sharjah
Position: Corner plot, near Al Qasba Canal and on Al Khan Main Street
Property Type: Residential-commercial building
Land Area: 5,200 sq. ft.
Age: 9 years
Height: Ground + 5 floors
Number of Apartments: 25 (1-bedroom + living room)
Number of Shops: 7 commercial shops
Total Units: 32 units
Current Income: AED 1,000,000 per year
Asking Price: AED 13,500,000
Price: Negotiable
Ownership: Available to Arab nationals and GCC citizens
Annual Income Yield

Based on the asking price of AED 13,500,000 and an annual income of AED 1,000,000:

Gross Annual Income Yield ≈ 7.41%

This means the property generates an annual income equivalent to approximately 7.4% of the purchase price, before accounting for expenses, maintenance, vacancies, or other costs.

Property Description

A corner residential-commercial building for sale in Al Majaz 3, Sharjah. It is situated in a prime location near Al Qasba Canal and on Al Khan Main Street—an area characterized by its proximity to services, amenities, and major roads.

The land area is 5,200 sq. ft. The building comprises a ground floor plus five upper floors, featuring 25 apartments (1-bedroom + living room) and 7 commercial shops. The property currently generates an annual income of AED 1 million, with an asking price of AED 13.5 million (negotiable). Based on these figures, the gross annual yield is approximately 7.41% (before expenses).

Ownership is available to Arab nationals and citizens of GCC countries, making this an ideal opportunity for investors seeking an established mixed-use (residential and commercial) property in a prime location in Sharjah.

Key Features:
Corner location in Al Majaz 3
Close to Al Qasba Canal
Situated on Al Khan Main Road
25 one-bedroom apartments
7 retail units
Ground floor + 5 upper floors
Building age: 9 years
Current annual income: AED 1,000,000
Gross yield: Approximately 7.41%
Ownership av

1 bedroom Whole Buildings for sale in Al Majaz 3

A mixed-use residential and commercial building fo

Mohamed Farouk

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