The Blue Tower is a 42-storey residential complex located in Al Majaz 3 on Corniche Street (S110). The building overlooks Lake Khalid.
Properties include studios and one- to four-bedroom apartments that range in size from 1,400 sq. ft. to 4,500 sq. ft. Units feature bedrooms with ensuite and separate bathrooms, open-plan kitchens, living areas, dining areas, and balconies with beautiful views of the surrounding area. Three- and four-bedroom apartments also have staff accommodations and laundry rooms.
Apartments have annual rental rates that range from AED 40,000 (USD 11,000) to AED 105,000 (USD 29,000) and an average purchase price that ranges from AED 1,900,000 (USD 518,000) to AED 2,350,000 (USD 640,000).
*The price is valid for 2021
Al Majaz 3 is one of the most popular beachfront communities in Sharjah. It is home to many residential and commercial properties. The area is bordered by the communities of Al Khan, Abu Shagara, and Al Nud.
Residents can easily travel around using public transport, personal vehicles, and cabs. The Adnoc Petrol Station can be reached within a five-minute walk of the tower, and there is a Metro station situated within a 10-minute walk. Sharjah International Airport is located within a 20-minute drive.
For groceries and household goods, residents can go to Carrefour Market, City Centre Supermarket, Awwal Al Madina Supermarket, and Fairways Supermarket, which are situated within a 10-minute drive of the apartments. Residents can choose from a selection of local restaurants. Al Fanar Restaurant & Cafe, Chin Chin Chinese Restaurant, Nayaab Haandi Pakistani Restaurant can be reached within a five- to 10-minute drive. Residents can also go to various fast food restaurants, such as Pizza Hut, McDonald’s, Hardee’s, and KFC, which are also located within a 10-minute drive.
Kids Park Kindergarten, Al Khalidiyah Primary School, and Al Hayat Medical Centre can be reached within a 15-minute drive of the tower.
The Blue Tower offers many profitable investment opportunities. Apartments have an average return on investment rate of 6.4%.
Properties are in demand due to the tower’s picturesque location, eco-friendly atmosphere, and well-developed infrastructure. Residents have easy access to all of the necessary amenities to ensure a comfortable stay.
Sign up for our weekly newsletter for market updates!