Al Noor Tower
About Al Noor Tower
(sq. ft.)
Al Noor Tower is a 42-storey residential complex located in Al Majaz 3, Sharjah. Properties include one- to two-bedroom apartments that have bedrooms, at least two bathrooms, living rooms, kitchens, and balconies.
Apartments range in size from 1,195 sq. ft. to 1,850 sq. ft. and have a starting cost of AED 310,000 (USD 84,000).
*The price is valid for 2021
The complex provides a variety of amenities and services, including:
- Five levels of covered parking
- Guest parking on the street outside the building
- Five high-speed elevators
- Round-the-clock security and video surveillance
- Swimming pool
- Gym
- Pharmacy, grocery store, and spa salon on the first floor of the building
Property Information
- Location Al Majaz, Sharjah, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR Apartments
- Area from 1,195 sq. ft.
Location
Al Majaz 3 is part of the larger Al Majaz community located in Sharjah. The area borders Khalid Lake. It is a mixed-use neighbourhood with a well-developed infrastructure and good transport accessibility. Residents have easy access to recreation centres and entertainment venues.
The tower is situated near Al Khan Street and Al Wahda Street, which provide direct routes to other parts of the emirate. The nearest bus stop, Buhaira Apartment, can be reached within a five-minute walk of the apartments.
Residents can choose from a selection of local restaurants and cafes, such as Laffah, Hannouf, Al Kabab Al Iraqi, and Seroop, which are within walking distance of the tower. For groceries and household goods, residents can shop at Noor Al Amani, Farhat Al Medina, and Al Fayha. Kids Park Kindergarten is also situated within walking distance.
The complex is located within a five- to 10-minute drive of many social and commercial facilities, including:
- Al Khalidiyah Elementary School
- University of York St John University UAE, and Lincoln University of Business, and Management
- Al Hayat Medical Centre and Al Bayan Medical Centre
- Al Fardan Shopping Centre
- Al Khan Beach
Al Majaz Waterfront Park is one of the area’s most popular vacation spots. Al Qasba is also a must-see destination in Sharjah. It features Maraya Art Park, Al Qasba Theatre, Farat Qaddouri Music Centre, and Al Qasba Music Fountain, among others. Visitors can go to the Corniche Al Buhaira Promenade where there are many boutiques, restaurants, and a cinema.
Sharjah International Airport can be reached within a 20-minute drive of the apartments.
Payback
Al Majaz 3 is a vibrant residential community. Almost all of the local real estate is situated on the shores of a lagoon. As a result, properties are in stable demand among tenants and investors. In addition, Al Majaz 3 has all of the necessary amenities for an active and healthy lifestyle.
Properties at Al Noor Tower have a return on investment of 7%. Annual rental rates range from AED 32,000 (USD 9,000) to AED 45,000 (USD 12,000). If current trends continue, investments can be recouped within 15 to 18 years.
*The price is valid for 2021
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