G+5 parking floors + 15 floors | Prime location

Residential and commercial plot, ground floor + 5 parking floors + 15 floors, Al Nahda, Sharjah. Owned by GCC citizens.

Asking price: AED 9 million (negotiable).
Area: 974 square meters / 10,488 square feet.

Location: Al Nahda, Sharjah.

- Facing a 61-meter-wide main street.
- Owned by citizens, GCC citizens, and Arabs. Next to Al Nahda Park, very close to Sahara Center. Al Ittihad Street, Al Nahda Street, Sharjah Ring Road.

Design Ready:

Built-in area: 13,300 square meters / 143,000 square feet.
- Residential/commercial building, ground floor + 5 parking floors +
15 floors + roof.
- Retail shops.
- 96 parking spaces.
- 30 one-bedroom apartments.
- 60 two-bedroom apartments.

Project Status:

- Under construction. Completion rate: approximately 13%. - Infrastructure works are complete (including piles, retaining walls, ground foundations, and underground water tank).

Site Ready To build the tower, a time saving of approximately 8 months is required.

Development Feasibility
- The building's construction cost is approximately AED 27 million.

Total project cost (land + construction + government fees) is approximately AED 40 million.

Potential annual rent is approximately AED 402 million.
Potential selling price for the entire building is approximately AED 52 million.

- A detailed feasibility study and area calculations are available for interested buyers.

Property details

Property Type

Land

Property Size

10,488 sqft / 974 sqm