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BULK SALE UNIT FOR SALE IN INDUSTRIAL AREA 15, SHARJAH INDUSTRIAL AREA
Workers Accommodation and Mixed Use Investment Complex for Sale in Industrial Area 15 Sharjah
A rare investment opportunity to acquire a large mixed use real estate complex in Industrial Area 15, Sharjah. The property combines workers accommodation with a residential and commercial building on a substantial land plot, offering strong existing rental income with exceptional potential for future growth after lease renewals.
The property occupies a land area of approximately 37900 square feet and consists of three reinforced concrete buildings with two floors each. The project holds a Completion Certificate issued in 2017 together with Civil Defense approval, making it a fully operational and compliant investment asset.
The residential and commercial section includes twelve one bedroom apartments, all fitted with split air conditioning units, mezzanine levels on both sides, and eleven retail shops, six of which are currently leased, creating diversified residential and commercial income streams.
The workers accommodation consists of one hundred and forty four rooms of various sizes, each equipped with split air conditioning. The facility also includes one hundred and two bathrooms and shower rooms, eight government supplied central gas kitchens, six dining halls, and thirteen laundry rooms, providing a complete accommodation solution suitable for large workforce operations.
The property currently generates an annual rental income of AED 2583000 with the potential to increase to approximately AED 3500000 per year following lease renewals and rental adjustments in line with current market values.
The workers accommodation is presently leased under an existing contract based on a rental rate of AED 1000 per room per month. If the room rental is adjusted to AED 2000 per month, the workers accommodation alone has the potential to generate approximately AED 3400000 annually, excluding the additional income from the residential apartments and retail shops, highlighting
Property details
Listed
2 months ago
Property Type
Bulk Sale Unit
Bathrooms
7+ Baths
Furnishing
Furnished
Area
38,000 ft²
Price per area
AED947/ft²
Available from
15 Aug 2026
Upgraded
Yes
Amenities
Furnished
Networked
Covered Parking
Shared Pool
Shared Gym
Dining in building
Conference room
Lobby in Building
Vastu-compliant
A rare investment opportunity to acquire a large mixed use real estate complex in Industrial Area 15, Sharjah. The property combines workers accommodation with a residential and commercial building on a substantial land plot, offering strong existing rental income with exceptional potential for future growth after lease renewals.
The property occupies a land area of approximately 37900 square feet and consists of three reinforced concrete buildings with two floors each. The project holds a Completion Certificate issued in 2017 together with Civil Defense approval, making it a fully operational and compliant investment asset.
The residential and commercial section includes twelve one bedroom apartments, all fitted with split air conditioning units, mezzanine levels on both sides, and eleven retail shops, six of which are currently leased, creating diversified residential and commercial income streams.
The workers accommodation consists of one hundred and forty four rooms of various sizes, each equipped with split air conditioning. The facility also includes one hundred and two bathrooms and shower rooms, eight government supplied central gas kitchens, six dining halls, and thirteen laundry rooms, providing a complete accommodation solution suitable for large workforce operations.
The property currently generates an annual rental income of AED 2583000 with the potential to increase to approximately AED 3500000 per year following lease renewals and rental adjustments in line with current market values.
The workers accommodation is presently leased under an existing contract based on a rental rate of AED 1000 per room per month. If the room rental is adjusted to AED 2000 per month, the workers accommodation alone has the potential to generate approximately AED 3400000 annually, excluding the additional income from the residential apartments and retail shops, highlighting
Regulatory information
Regulatory information
Reference
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