Residential tower for sale in Al Khan!!

A rare investment opportunity to sell a residential and commercial tower in one of the most vibrant and in-demand areas of the Emirate of Sharjah, specifically in Al Khan area, which is considered one of the most important urban and touristic fronts in the emirate and among the most active residential and commercial locations.

The tower is built on a land area of ten thousand square feet on two streets, granting it open facades, easy access, and high traffic flow, which significantly enhances its current and future investment value. The tower consists of a ground floor, five parking floors serving residents and visitors efficiently, in addition to fifteen typical floors designed with high efficiency to meet the needs of the growing residential market.

The tower includes ninety fully rented residential apartments in addition to four fully rented commercial shops, ensuring immediate and stable cash flow with no vacancy periods. The current annual income of the tower is four million two hundred and fifty-two thousand dirhams, with a confirmed potential for increase at the beginning of next year upon renewal of lease contracts, in line with rising demand and rental rates in the area.

Al Khan area is considered one of the most sought-after locations in Sharjah due to its strategic position close to the borders of Dubai and the ease of access to the main exits of the emirate, making it an ideal attraction point for employees, families, and business owners. The area is distinguished by its proximity to the corniche, waterfront, shopping centers, schools, hospitals, and hotels, in addition to a modern road network that connects it directly to Dubai, Al Qasba, and Al Majaz, which further enhances its residential and commercial value throughout the year.

Residential tower for sale in Al Khan!!

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