Alfa Tower
About Alfa Tower
(sq. ft.)
Alfa Tower is a 12-storey residential complex located in the Al Majaz district of Sharjah. The project was developed by Al Misk Properties.
Residential units include one- to three-bedroom apartments that have living rooms, dining rooms, kitchens, balconies, bedrooms, fitted wardrobes, and bathrooms with showers. Two- to three-bedroom apartments also have staff accommodations and guest bathrooms, and some properties have laundry rooms.
The complex provides a variety of amenities and services, including:
- Ample covered parking
- Guest parking
- High-speed lifts
- 24-hour security
- Maintenance services
- Shops, a canteen, a pharmacy, and salons on the ground floor
- Spacious lobby
- 24-hour concierge services
- Jogging paths
Apartments range in size from 529 sq. ft. to 2,015 sq. ft. and have a starting price of AED 200,000 (USD 54,000).
*The price is valid for 2021
Property Information
- Location Al Majaz, Sharjah, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 1-3BR Apartments
- Area from 529 sq. ft.
Location
The nearest bus stop is located within a 10-minute walk of the apartments. Dubai International Airport can be reached within a 25-minute drive, and Sharjah International Airport is situated within a 30-minute drive.
The complex is located near many social, commercial, and leisure facilities, including:
- CG Mall Building, Sharjah Central Souq, and Blue Souk Shopping Centre
- Spinneys, Right Supermarket, Istanbul Supermarket, and Finland Supermarket
- Lulu Hypermarket, Nesto Hypermarket, and Amber Centre
- Al Sajaya Restaurant, Al Bahar Al Thahbi Restaurant, Caesars Restaurant, and Italian Concept Restaurant
- Al Khalidiyah Primary School
- Pippen Park Nursery School
- Damas Medical Centre, Prime Medical Centre, New Medical Centre, Aster Clinic, Shanthi Medical Centre, and Medcare Hospital Sharjah
- Modern Gym Zone Fitness
- Al Ittihad Park, Gold Souq Park, and Round Park
The tower is situated within a five- to 10-minute drive of several popular destinations, including the following attractions.
- Al Noor Island is a well-known recreation area among residents and visitors. There is an amusement park, an art club, a library, and many other places of interest.
- Sharjah Aquarium is a two-storey oceanarium with 20 aquariums.
- Maritime Museum is a cultural centre that has exhibits about the country’s maritime history and heritage.
Payback
Al Majaz is considered to be one of Sharjah’s most popular residential areas. There is high demand for residential properties due to the fact that most of the complexes are situated near the beach. The community has all of the necessary amenities to ensure a comfortable living environment. Residents have easy access to supermarkets, schools, restaurants, and parks. Properties in the area have a return on investment rate that ranges from 6.3% to 7.1%.
Apartments in Alfa Tower have an annual rental rate that starts at AED 30,000 (USD 8,000). If current trends continue, investments can be recouped within 14 to 16 years.
*The price is valid for 2021
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