Overview

Property Description

A mixed-use development located in Al Khan, Sharjah, Beach Towers consists of two skyscrapers: Beach Tower 1 with 45 floors and Beach Tower 2 with 48 floors. In addition to retail space on the ground floor, the upper floors contain residential units. Several types of properties are available for sale and rent, including studios, one- to four-bedroom apartments, and offices. Beach Tower 1 has five floors of office space. The units are small and well-equipped. Modern interiors feature panoramic windows, glass doors, fitted wardrobes, and tiled floors. Studios include spacious sleeping areas, dining areas, kitchens, and bathrooms. The apartments feature bedrooms with ensuite bathrooms, kitchens, large living rooms, dining rooms, and powder rooms. There are also separate bathrooms and laundry rooms for staff in some apartments, as well as balconies or terraces. Because Al Khan is situated between Dubai and Sharjah, properties are in high demand among Dubai workers looking to move to Sharjah. The area offers affordable housing prices, and residents have easy access to the coastline, both of which are considered advantages when it comes to buying or renting a residential unit in this area. The return on investment of Al Khan properties varies from 3% to 5.8%. Studios and one-bedroom apartments have the lowest return on investment rate of 3.3%. Rental rates range from AED 28,000 (USD 8,000) to AED 130,000 (USD 35,000). Investments can be recouped in 14 to 17 years if current trends remain. *Prices are valid for 2021

Location