Overview

Property Description

The Majestic Tower is a modern residential complex with 50 floors in Al Khan, one of Sharjah's most popular coastal areas. Construction of the tower began in 2005 and was completed over three years later. A futuristic architectural design and innovative technology were used to construct the tower. There are one-to-four-bedroom apartments to rent and buy here. The most popular residences are two- and three-bedroom apartments. Apartments with two bedrooms are 2,000 square feet in size and cost AED 650,000 (USD 177,000). Apartments with three bedrooms are 2,500 square feet in size and start at AED 900,000 (USD 246,000). *Prices are valid for 2021 only Majestic Tower properties are in the budget segment of the market. Due to its proximity to the beach and many social facilities, apartments in the building are in high demand among tenants and investors alike. Investments can be recouped in 16 to 18 years if current trends continue. In 2009, Majestic Tower, a 52-storey residential skyscraper in Sharjah's Al Taawun area, was completed. Two- to four-bedroom apartments are available for purchase and rental. At least four bathrooms, kitchens, spacious living rooms, balconies, and panorama windows overlooking the lagoon are among the features of all residential units. Staff accommodations with private baths are also available in some apartments. With an annual rental rate of up to AED 85,000 (USD 23,000), Majestic Tower offers a return on investment of 5.5%. If current trends continue, investments can be recouped within 18 to 22 years. *Prices are valid for 2022

Location