Queen Tower
About Queen Tower
(sq. ft.)
Queen Tower is a 26-storey residential complex located in the Al Majaz district of Sharjah. There are a total of 166 residential units that are situated on 21 floors. The remaining five floors are reserved for parking.
Properties include one- to three-bedroom apartments that are available to buy and rent. Units have bedrooms with ensuite bathrooms, dressing rooms, living rooms, kitchens with built-in cabinets, lounge/dining areas, balconies, and staff accommodations. Some apartments also have large entrance halls and two balconies.
The complex provides a variety of amenities and services, including:
- Guest parking
- Three high-speed lifts
- Security services
- Refuse collection service
- Swimming pool
- Gym
- Nearby park
- 24-hour concierge services
- Spacious lobby for welcoming guests
Apartments range in size from 700 sq. ft. to 1,830 sq. ft. and range in price from AED 330,000 (USD 90,000) to AED 800,000 (USD 218,000).
*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 700 sq. ft.
- Total Amount of Unit 166
Location
The nearest bus stops, Al Khan Street – Al Buhairah Apartment and Al Intifada Al Buhairaa Police Station, are located within a five- to 10-minute walk of the residences. Dubai International Airport and Sharjah International Airport can be reached within a 30-minute drive.
The complex is situated within walking distance of many social, commercial, and leisure facilities, including:
- Diamond Pyramid Shopping Centre
- Farhat Al Madina Supermarket, Carrefour, Noor Al Amani Supermarket, and Istanbul Supermarket
- Lulu Hypermarket
- Laffah Restaurant, Five Star Restaurant, Shababeek, and Beit Setti
- KFC, McDonald’s, and Pizza Hut
- Al Durrah International School
- Creative Home Nursery
- NMC Medical Centre Al Majaz
- Al Majaz Kayak Rentals
- Al Qasba Mosque
- Kids Fun House Alqasba
- Al Khan Corniche Beach and Al Mamzar Beach
- Al Majaz Splash Waterpark
The tower is located within a five- to 10-minute drive of several popular destinations, including the following attractions.
- Masrah Al Qasba is a theatre with the capacity to accommodate more than 250 visitors. The auditorium hosts private events, public gatherings, comedy shows, theatre productions, and musical concerts. It has an indoor playground for children, as well as other attractions.
- Al Fardan Centre is a popular shopping destination with many stores, restaurants, and entertainment venues.
- Al Majaz Park is a beautiful coastal area that is popular among locals and visitors.
Payback
Al Majaz is situated on the bend of the Khalid Lagoon. Due to its coastal location, residences are in high demand. Properties are ideal for those looking to maintain a healthy lifestyle with scenic views and outdoor activities.
Residential units in Queen Tower have a return on investment rate that ranges from 7% to 8%. Annual rental rates range from AED 27,000 (USD 7,000) to AED 55,000 (USD 15,000). If current trends continue, Investments can be recouped within 13 to 16 years.
*The price is valid for 2021
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