Manazil Tower 2
About Manazil Tower 2
(sq. ft.)
Manazil Tower 2 is a 42-storey residential skyscraper located in Al Khan, Sharjah. The project was developed by Manazil Real Estate and was commissioned in the first quarter of 2010.
Properties include one- to three-bedroom duplexes and apartments. Units have spacious living rooms, dining rooms, staff accommodations, balconies, kitchens, bedrooms with ensuite bathrooms, and fitted wardrobes. Some apartments also have walk-in wardrobes.
The complex provides a variety of amenities and services, including:
- Five levels of covered parking with space for 344 vehicles
- Four high-speed lifts
- 24-hour security
- Fitness room
- Steam room and sauna
- Health club
- Swimming pool with changing rooms
- Children’s playground
- Game room with billiards and snooker
- Rooftop heliport
- Intercom system
- Spacious lobby
- 24-hour concierge services
- Firefighting equipment
- Nearby bus stops and Metro stations
Apartments range in size from 900 sq. ft. to 1,976 sq. ft. and range in price from AED 360,000 (USD 98,000) to AED 580,000 (USD 158,000).
*The price is valid for 2021
Property Information
- Location Al Khan, Sharjah, UAE
- Status of Project Completed
- Type of Project Residential Building
- Units 1-3BR Apartments
- Area from 900 sq. ft.
Location
The nearest bus stop, Hotel Pullman, is located within a two-minute walk of the residences. Dubai International Airport can be reached within a 15-minute drive. Sharjah International Airport is situated within a 25-minute drive.
The complex is located near many social, commercial, and leisure facilities, including:
- Matajer Al Khan Shopping Mall
- Al Asli Supermarket Taawun, True Value, and Lemara
- Jurat Al Raman Restaurant, Al Harir Iranian, and Dawar Al Tawoon Hyderabadi
- Sheffield Private School and Victoria International School
- Chubby Cheeks Nursery
- Arab Doctors Specialist Centre
The building is situated within a five- to 15-minute drive of several popular destinations, including the following attractions.
- Sharjah Aquarium is a two-storey oceanarium where visitors can see sea rays, seahorses, clown fishes, eels, and reef sharks.
- Eye of the Emirates is a famous Ferris wheel with 42 carriages.
- Sharjah Stadium is a sports stadium that regularly hosts cricket matches.
Payback
Al Khan is a coastal area known for its proximity to Dubai. It has a mix of both small residential complexes and luxury skyscrapers. The community also benefits from being close to many of Sharjah’s major tourist attractions.
Properties in Al Khan have a return on investment rate that ranges from 3.3% to 5.8%. Apartments can be purchased to subsequently rent out, which can generate long-term profits. The average rental rate for a residential unit in Manazil Tower 2 is AED 32,000 (USD 9,000), per year. If current trends continue, Investments can be recouped within 16 to 18 years.
*The price is valid for 2021
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Metropolitan Premium Properties
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