Located in Al Khan, Sharjah, Manazil Tower 2 is a 42-story residential skyscraper developed by Manazil Real Estate.
The apartments and duplexes have spacious living rooms, dining rooms, staff accommodation, balconies, kitchens, bedrooms with ensuite bathrooms, fitted wardrobes, and some even include walk-in closets.
In addition to Sharjah's major tourist attractions, Al Khan is known for its proximity to Dubai. It has a mix of small residential complexes and luxury skyscrapers.
There is a range of return on investment of 3.3% to 5.8% for properties in Al Khan. The average rental rate for a condominium unit in Manazil Tower 2 is AED 32,000 (USD 9,000) per year. Apartments can be purchased for the purpose of renting out. Investments can be recouped within 16 to 18 years if current trends continue.
*Prices are valid for 2021