Overview

Property Description

In 2017, Bainona Engineering Consultancy completed the construction of the 19-storey Al Noor Tower. It stands almost 79 meters high. A mixed-use area in Abu Dhabi's northeast coast, Al Reem Island is the site of Al Noor Tower. In addition to shopping and entertainment centres, medical and educational institutions, hotels, beaches, and cafes and restaurants, there is also an extensive infrastructure. A higher education institution, Sorbonne University Abu Dhabi, is located near Al Noor Tower. Al Noor Tower offers 73 residences with a variety of layout options ranging from studios to apartments with 1, 2 and 3 bedrooms. The total area ranges from 565 to 1,800 square feet. There is a master bedroom with an adjacent bathroom, a fully equipped kitchen with all the necessary appliances, and a spacious balcony overlooking the Arabian Gulf. Each apartment has a spacious living room, a guest bathroom, and built-in closets or separate dressing rooms. In Q1 2023, a 1-bedroom apartment at Al Noor Tower will cost AED 792,000 (USD 216,000). *Prices are valid for 2021 only There are numerous stores and supermarkets, shopping malls, schools and children's centres, medical centers, and other amenities near the Al Noor Tower complex. When completed, Al Reem Island will become one of the most popular residential areas, ideal for both leisure and active lifestyle enthusiasts. The studio units on Al Reem Island have the highest ROI at 8.7%. Apartments with 1 and 2 bedrooms yield 7.2% and 6.6% per year, respectively. The Al Noor Tower is a 42-story residential complex in Al Majaz 3, Sharjah, offering one- and two-bedroom apartments with bedrooms, at least two bathrooms, living rooms, kitchens, and balconies. The apartments range in size from 1,195 to 1,850 square feet and start at AED 310,000 (USD 84,000). Almost all of the local real estate is situated on the shores of a lagoon in Al Majaz 3, so it is in high demand among tenants and investors. Additionally, Al Majaz 3 offers all the amenities necessary for a healthy and active lifestyle. If current trends continue, investments at Al Noor Tower can be recouped within 15 to 18 years. Annual rentals range from AED 32,000 (USD 9,000) to AED 45,000 (USD 12,000).

Location