Al Ferasa Tower
About Al Ferasa Tower
(sq. ft.)
Al Ferasa Tower is a modern 27-storey residential complex located in Al Majaz 1, one of the actively developing areas of Sharjah. Properties include one- to three-bedroom apartments and four-bedroom penthouses.
Apartments range in size from 1,020 sq. ft. to 4,800 sq. ft. and have bedrooms with ensuite bathrooms, built-in closets, living areas, dining areas, and kitchen areas.
Residential units feature original interiors with high-quality finishes, furniture, and appliances. Apartments vary in configuration, so each family member can be accommodated.
Properties have a minimum price of AED 375,000 (USD 103,000) and an annual rental rate of AED 33,000 (USD 9,000).
*The price is valid for 2021
The tower offers all of the necessary facilities to ensure a comfortable living environment. Resident can enjoy a variety of amenities and services, including:
- Five levels of parking with designated spaces
- Guest parking outside the building
- Four high-speed elevators for quick movement between floors
- Modern heating and air conditioning systems
- 24-hour security and video surveillance
- Equipped gym
- Swimming pool
Property Information
- Location Al Majaz, Sharjah, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-3BR Apartments, 4BR Penthouses
- Area from 1,020 sq. ft.
Location
The main feature of Al Ferasa Tower is its convenient location in Al Majaz 1. The community is located along the Buhaira Corniche Promenade. The nearest public transportation stop, ADNOC Petrol Station, can be reached within a five-minute walk of the building.
For groceries and household goods, residents can shop at Al Shamia and Right Supermarket, which are located within a 10-minute walk of the apartments. Residents can choose from a selection of local cafes and restaurants. Kamat and Gazebo serve local and international dishes and can also be reached within a 10-minute drive.
The complex is situated within a 15-minute drive of several facilities and attractions, including:
- Five Kids Kindergarten and Baby First Kindergarten
- Al Durrah International School
- Medical institution Sharjah Corniche Hospital
- Al Fardan Shopping Centre and Safeer Mall
- Al Khan Beach
- Sharjah International Airport
The Heart of Sharjah Historical Project, Sharjah Aquarium, and the Eye of the Emirates Ferris wheel can also be reached within a short drive of the residences.
Payback
Al Ferasa Tower is a modern residential complex with apartments that are in demand among tenants and investors. Properties are popular due to the tower’s comfortable living environment and convenient location near the coast.
Al Ferasa Tower offers many profitable real estate investment opportunities. One-bedroom apartments have a return on investment rate of 9.1%, which is a positive indicator for investors.
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