For sale: an investment building in Al Majrah – Al Sharq area, Emirate of Sharjah. The building is located on the second plot from the main road on Al Arouba Street, offering a prime location close to commercial activity and essential services.
The property consists of a ground floor plus 3 floors, with a land area of 2,595 square feet. It includes 19 studio units, 2 retail shops, and a watchman’s room.
The current annual income is AED 210,000. After adjusting the rents to current market rates, the income can reach approximately AED 310,000 per year, making it a strong investment opportunity with growth potential.
The asking price is AED 3,000,000, negotiable.
Al Majrah – Al Sharq is one of the well-established central areas in Sharjah, known for its proximity to traditional markets, retail shops, and government services. It also offers easy access to Sharjah Corniche and other key areas of the city. The area has high population density and continuous commercial activity, ensuring stable occupancy and solid investment returns.