Family Tower
About the project
(sq. ft.)
Family Tower is a modern 21-storey residential complex located in Abu Shagara, one of Sharjah’s most well-appointed areas. The project was developed by FAM Holding, and the building was commissioned in 2021. The development successfully combines innovative technology with natural elements, and residents can enjoy an environmentally-friendly design and comfortable living conditions.
Family Tower offers the following properties for sale and rent.
- One-bedroom apartments have an area of 840 sq. ft. and cost AED 462,000 (USD 126,000).
- Two-bedroom apartments range in size from 1,258 sq. ft. to 1,719 sq. ft. and cost AED 692,000 (USD 188,000).
- Three-bedroom apartments have a maximum size of 1,833 sq. ft. and a starting price of AED 914,000 (USD 249,000).
*The price is valid for 2022
The complex provides a variety of amenities and services, including:
- Ample parking
- State-of-the-art gym
- Community pool
- Multiple locations for family events
- Children’s playground
- Concierge services
- Reliable video surveillance and fire safety systems
Property Information
- Location Abu Shagara, Sharjah, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR
- Area from 840 sq. ft.
Location
Abu Shagara is a developed area of Sharjah that is strategically located between Al Wahda Street and King Faisal Street. Residents have easy access to the major districts of the emirate. Bu Daniq, Al Nud, and Corniche Al Buhaira can be reached within a five- to 10-minute drive of the apartments. Abu Shagara has a well-developed infrastructure and affordable housing prices. The community is suitable for family living.
There are several bus stops situated within a five-minute walk of the complex. Alternatively, cab services can be used.
Spinneys Supermarket, Al Urooj Grocery Store, Al Lulu Kindergarten, and Vadakkan Pepper Restaurant can be reached within walking distance of the residences.
The tower is located within a five- to 10-minute drive of many popular facilities, including:
- Sharjah Cooperative Society Market
- Sharjah Indian School
- Aster Clinic, Thumbay Clinic, and Dr. Ashok Menon Medical Centre
- Mega Mall Sharjah, a large shopping and entertainment centre
- Kamat Restaurant, Bab Abu Shagarah Restaurant, and Cancun Restaurant
- McDonald’s, Dunkin Donuts, Pizza Hut, and Krispy Kreme
- New Life Style Fitness Centre
Al Khan Beach is situated within a 15-minute drive away.
Abu Shagara Park is located in the centre of the area and is one of the most beautiful and visited places in Sharjah. Visitors can enjoy sports facilities, jogging paths, and children’s playgrounds.
Sharjah International Airport can be reached within a 20-minute drive, and the centre of Dubai is situated within a 30-minute drive.
Payback
Properties at Family Tower belong to the budget segment of the local market. Units have a great location and can make for great investments. As a result, apartments are in demand. A potential investor will certainly be interested in the profitability of the apartments, which can range between 6% to 6.5%. If current trends continue, investments can be recouped within 16 to 18 years.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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