Al Mohanad Tower
About Al Mohanad Tower
(sq. ft.)
Al Mohanad Tower is a 40-storey residential complex located in Al Majaz, a coastal area of Sharjah. The project was developed by Al Mudeer and was commissioned in 2006.
There are a total of 197 residential units, including two- to four-bedroom duplexes and apartments. Apartments have built-in wardrobes, equipped closed-plan kitchens, bathrooms, living rooms, panoramic windows, balconies, and staff accommodations. Three- to four-bedroom apartments also have offices and walk-in wardrobes.
The tower provides a variety of amenities and services, including:
- Six levels of underground parking with space for 190 vehicles
- Five high-speed lifts
- 24-hour security and video surveillance
- Key-card entry
- Maintenance services
- Central air conditioning
- State-of-the-art gym
- Swimming pool
- Jacuzzi
- Cafe
- Children’s playground
- 24-hour concierge services
Apartments range in size from 1,750 sq. ft. to 3,500 sq. ft. and range in price from AED 675,000 (USD 184,000) to AED 2,000,000 (USD 545,000).
*The price is valid for 2021
Property Information
- Location Al Majaz, Sharjah, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 2-4BR Apartments, Duplexes
- Area from 1,750 sq. ft.
- Total Amount of Unit 197
Location
The community is not serviced by public transportation, so residents are advised to travel using personal vehicles and cabs. Dubai International Airport can be reached within a 15-minute drive of the apartments.
Al Mohanad Tower is situated within walking distance of many social, commercial, and leisure facilities, including:
- Al Majaz Mall
- Carrefour Market, Lulu Hypermarket, Al Madina Discount Centre, and Al Qasid Supermarket
- Pak Arab Chicken Tikka Restaurant, Bangkok Town Restaurant, and Nayaab Haandi
- Al Khalidiyah Primary School
- Little Feet Nursery and Al Reyada Nursery
- Elite Medical Center Hospital
- Safwan Ibn Umayyah Mosque
- Al Safya Park
The tower is also located within a 10-minute drive of several popular destinations, including the following attractions.
- Al Majaz Waterfront Park offers plenty of activities for visitors of all ages. There is a mini golf course, restaurants, and jogging tracks.
- Sharjah Aquarium is an oceanarium with more than 150 species of marine life.
- Sharjah Museum of Islamic Civilization has more than five thousand artefacts depicting the history of Islam.
Payback
Al Majaz is a coastal area with access to the Khalid Lagoon. Residents can enjoy beautiful waterfront views from their balconies. As a result, properties in Al Mohanad Tower are in demand among tenants and investors. Units have a return on investment rate of 5.5%. Annual rental rates range from AED 37,000 (USD 10,000) to AED 65,000 (USD 18,000). If current trends continue, investments can be recouped within 19 to 24 years.
*The price is valid for 2021
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