corner plot (on two streets), in Muweilah Commercial area (near Zahia Mall).
Property type: Ground + 2 parking levels + 5 floors residential building (new building fully rented out).
Land area: 10,042 square meters
Built-up area: 64,025 square feet
2-bedroom units: 10
3-bedroom units: 15
Shops: 3 units
Total number of units: 25
Parking spaces: 39
Asking price: AED 25 million
The building is not mortgaged to the bank and is fully owned by the owner.
Monthly expenses AED 9,000 = AED 108,000 annually
Annual income from the building AED 2,043,000
Annual profit yield: 7.74%
Apartment for sale in Sharjah | Directly from the owner
Apartment for sale in Sharjah consisting of: 3 bedrooms + maid’s room
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