Properties for Sale in Al Majaz

Al Majaz is one of four communities in Sharjah with waterfront access. The area was originally conceived as a project to attract tourists. As a result, it is a popular place among visitors looking to admire the spectacular views of Khalid Lake. The neighbourhood is lively, while also being quiet and safe. There are plenty of family-friendly residential units. Visitors and residents can take advantage of an abundance of holiday activities for people of all ages.

Real estate in Al Majaz is in demand due to its location on the waterfront. Residential complexes were built so that everyone has a view of the lagoon. Residents have easy access to various entertainment venues and social facilities, and there are several nearby parks, restaurants, and outdoor recreation areas. Properties include studios, apartments, offices, and retail stores. Residents can enjoy many amenities, including health clubs and swimming pools. Units range from studios to five-bedroom duplex penthouses. The community is also home to hotels, such as Al Majaz Premiere, Hilton Sharjah, and Golden Tulip Sharjah.

The area is divided into three communities: Al Majaz 1, Al Majaz 2, and Al Majaz 3. The most popular community among buyers and tenants is Al Majaz 2, which has one of the area’s largest parks and is situated on the waterfront. Corniche Street passes through the neighbourhood and offers a wide selection of restaurants and green areas for recreation and sports. A few of the most popular restaurants include Menaa Marseille (Filipino cuisine), Ushna (Indian cuisine), Shakespeare and Co. (international cuisine), and Levantine (Lebanese cuisine). There are also many cafes, bakeries, and candy stores. For fast food, residents can go to Texas Chicken, Nandos, KFC, Domino’s Pizza, and McDonald’s.

There are local retail stores and shopping centres, such as Safeer and Al Fardan. For groceries and household goods, residents can shop at Hypermarket Lulu, Metro Manila, Al Fatour, Al Fayes, and Shams Al Buhaira. Al Majaz is popular among families, which has led to the development of several educational institutions, such as Creative Home, Five Kids, Bluebells, Baby First Kindergarten, Al Mazaya Private School, Progressive English School, and Arabian Gulf School. There are bus routes that run through the area. The Al Wahda Street Car Parkway is located near the residences, and Sharjah and Dubai International Airports can be reached within a 15-minute drive of the community.

Al Majaz was voted Sharjah’s most desirable location for buyers and tenants in 2020. Waterfront properties that overlook the lagoon are particularly popular among investors. Units can be purchased to subsequently rent out, which can generate a stable income. The annual rental rate for a studio starts at AED 17,000 (USD 5,000). The average annual rental rate for a two-bedroom apartment is AED 34,000 (USD 9,000). Return on investment rates range from 6.3% to 9%, per annum. Residential real estate is surrounded by social facilities, recreation areas, shopping centres, and entertainment venues. It is also possible to rent offices and stores. Al Majaz is popular among tourists because of its many interesting attractions.