The Palm Tower 1 is a 56-storey residential complex located in Al Khan, Sharjah.
There are one-, two-, and four-bedroom apartments and duplexes available for sale and rent. The apartments feature spacious bedrooms, fully equipped kitchens, spacious lounges, and guest bathrooms. Built-in wardrobes and ensuite bathrooms provide all the necessary sanitary facilities in the bedrooms.
A coastal district with many skyscrapers, Al Khan is near Dubai, which is one of its many advantages. It has freehold status, which allows locals and foreigners to own and retain property.
Investing in residential units in Al Khan can yield a return on investment of 3.3% to 5.8%. Investing in Palm Tower 1 will result in a return on investment of between AED 38,000 (USD 10,000) and AED 65,000 (USD 18,000) within 14 to 17 years if current trends continue.
*Prices are valid for 2021