Majestic Tower
About the project
(sq. ft.)
Majestic Tower is a 52-storey residential skyscraper located in the Al Taawun area of Sharjah. The complex was commissioned in 2009.
Properties include two- to four-bedroom apartments that are available to buy and rent. All residential units have panoramic windows overlooking the lagoon, large built-in closets, at least four bathrooms, kitchens, spacious living rooms, and balconies. Some apartments also have staff accommodations with private baths.
The building provides a variety of amenities and services, including:
- Retail stores on the ground floor
- Six levels of covered parking with reserved spaces
- Separate outdoor parking for guests
- High-speed elevators
- Round-the-clock security with video surveillance
- Central air conditioning and electricity
- Common gym
- Swimming pool
- Children’s play area
- 24-hour concierge services
Apartments range in size from 1,900 sq. ft. to 5,000 sq. ft. and have a maximum price of AED 2,100,000 (USD 572,000).
*The price is valid for 2022
Property Information
- Location Al Taawun, Sharjah, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units 2-4BR
- Area from 1900
Location
Al Taawun is a bustling metropolis located near the Dubai/Sharjah border. The area is considered to be one of the most attractive places to live. It has a well-developed infrastructure, and there are many socially important facilities situated within walking distance of the residences.
Majestic Tower is located next to Al Mamzar Lake and Khalid Lagoon. As a result, residents can enjoy beautiful views of the waterfront.
The building also benefits from good transport accessibility. The nearest bus stop can be reached within a five-minute walk of the apartments. The neighboring communities of Al Mamzar, Al Khan, and Al Nahda are situated within a 10-minute drive, and Sharjah International Airport can be reached within a 20-minute drive.
The tower is located within a 15-minute walk of many infrastructural facilities, including:
- Bait Al Rawi, New Amanda Restaurant, and Al Ghaar Restaurant
- Hardees, McDonald’s, and KFC
- Al Rafid Grocery Store, Al Dhaftar Grocery Store, and Bab Al Taawun Grocery Store
- Little Wonders Nursery
- Al Durrah International School
- Medical Center Oriana Hospital
- Ansar Mall, a large shopping and entertainment complex
- Bab Al Shams Fitness, Al Nahda Fitness Centre, and Al Awaiel Gym
- Al Samawy Ladies Salon, Chicago Ladies Salon, Cuts and Curls Ladies Salon, and Tulip Beauty
There are many nearby green parks. Al Mamzar Park is situated within a five-minute drive of the residences, and Al Nahda Park Sharjah can be reached within a 10-minute drive. The whole family can enjoy Al Khan Beach, which is located within a 10-minute drive. The famous Sharjah Expo Centre is also situated within a 10-minute drive and hosts many interesting events throughout the year.
Payback
The Al Taawun area is popular due to its affordable housing prices. Annual rental rates can reach up to AED 85,000 (USD 23,000). Apartments at Majestic Tower have a return on investment rate of 5.5%. If current trends continue, investments can be recouped within 18 to 22 years.
*The price is valid for 2022
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Metropolitan Premium Properties
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+971 4 428 6111
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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