Overview

Property Description

Located in Al Majaz, a coastal area of Sharjah, Al Mohanad Tower is a 40-storey residential complex developed by Al Mudeer. A total of 197 residential units are available, including duplexes and apartments with two to four bedrooms. In addition to built-in wardrobes, closed-plan kitchens, bathrooms, living rooms, balconies, and staff accommodations, three-to four-bedroom apartments offer offices and walk-in closets. The Khalid Lagoon is within walking distance from Al Majaz, a coastal area. As a result, properties in Al Mohanad Tower are in high demand among tenants and investors. The units have a 5.5% return on investment. The annual rental rates are between AED 37,000 (USD 10,000) and AED 65,000 (USD 18,000). The investment can be recouped within 19 to 24 years if current trends continue. *Prices are valid for 2021

Location