Al Taawun is a lively neighbourhood located in Sharjah. It runs along two streets: Al Taawun Street and New Al Taawun. The area has a developed infrastructure and a high concentration of affordable residential real estate.
The community is home to Al Mamzar Lake and Al Khan Lake. Residents can enjoy waterfront areas with beautiful views of the lagoons.
The area has a symmetrical layout with a park at its centre. Each building is a multifunctional complex with shops, pharmacies, and supermarkets on the first floors, and there are apartments on the remaining floors. Residents can access a wide range of amenities and services without leaving the buildings. There is also a commercial building with offices.
Al Taawun has established itself as a family holiday destination. There are plenty of parks and entertainment centres. Residents can enjoy an active and healthy lifestyle. There are gyms in the new residential complexes, and there are fitness centres in Al Nahda and Bab Al Shams. Local parks have hiking and biking trails, as well as areas for outdoor sports and yoga.
Residents can choose from a selection of nearby restaurants and cafes. Some of them have been recognized as the best eateries in Sharjah. For example, Khubz & Meleh has become famous for its Lebanese cuisine. Other popular places include Safartus, Dar Ward, Delicious Corner, and Dawar Al-Tawoon. Most of the restaurants offer home delivery, and there are also bakeries, candy stores, and coffee shops.
Al Taawun is home to Al Taawun Mall, one of Sharjah’s most popular shopping centres. The mall overlooks Al Khan Lake and has a glass sphere on its roof. There are an abundance of boutiques, cafes, and attractions. Al Arab Mall is also located near the residences and has a Nesto Hypermarket where residents can buy groceries and household goods.
Residents can take advantage of nearby educational institutions and medical centres, such as Chubby Cheeks Kindergarten, Little Wonders Kindergarten, Maharat Al Khaleej School, Victoria International School of Sharjah, Oriana Hospital, Oxygen Medical Centre, Medcare Medical Centre, and Art Medical Centre.
There are public bus stops situated throughout the neighbourhood. The border of Dubai can be reached within a 10-minute drive of the apartments via Al Ittihad Street.
Real estate in the Al Taawun area is considered profitable in terms of investment. Apartments are affordable compared to other parts of the UAE. Units can be sold for AED 330,000 (USD 90,000) and have a return on investment rate of 4%.
The yield is based on the calculation of long-term leasing agreements. Residences are suitable for families with children. Annual rental rates start at AED 20,000 (USD 5,500). This is one of the few places in Sharjah where affordable apartments overlook the lagoons.
*The price is valid for 2022
Tiger is a mixed-use complex that consists of three 36-storey buildings located on Al Taawun Street. Properties include one- to two-bedroom apartments that have a minimum size of 1,000 sq. ft. The project also features offices and retail outlets. Tiger 2 has a Lemara Supermarket on the first floor. Residents can enjoy a variety of amenities, including Tiger Gym, a swimming pool, a billiard room, and a ping pong table. Units have a starting price of AED 450,000 (USD 122,500).
*The price is valid for 2022
Terhab Hotel & Residence consists of two buildings. Tower 1 has 290 serviced apartments, and Tower 2 is home to the five-star Pullman Hotel. The towers have a spa centre, a sauna, cafes, restaurants, swimming pools, conference rooms, and event space. Two-bedroom apartments are the most popular units and range in size from 1,460 sq. ft. to 2,076 sq. ft. Properties have a starting price of AED 800,000 (USD 218,000), and annual rental rates start at AED 53,000 (USD 14,500).
*The price is valid for 2022
Majestic Tower is a 52-storey residential complex that is situated near the waterfront. The building has a height of 210 metres and consists of six levels of parking and a podium with a lobby and gym. Retail outlets are available on the first floor. Residential real estate consists of two- to four-bedroom apartments that range in size from 1,900 sq. ft. to 5,000 sq. ft.
Saeed Al Alami Building has a traditional style and is located on Al Taawun Street. It consists of three residential floors and a podium level with commercial outlets. Residents have access to a lobby with 24-hour concierge services, as well as a gym and outdoor swimming pool. Residential real estate includes two- to three-bedroom apartments. The minimum price for an apartment that overlooks the lagoon is AED 760,000 (USD 207,000).
*The price is valid for 2022
Al Majaz Park is located on the shores of Lake Khalid. It is a family-friendly area with children’s playgrounds, sports facilities, and a mini-golf course.
The Valley of Arts is situated in the community of Al Qasba. It is a popular centre for cultural events. Visitors can enjoy theatres, museums, exhibitions, and craft markets.
Al Noor Island can be reached within a 15-minute drive of Al Taawun. It is a tranquil spot located on Lake Khalid. The island is home to the Butterfly House and Cactus Garden, which are open to the public. Visitors who enjoy poetry and literature can visit a reading pavilion. In the evening, the island is illuminated by laser lights.
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