Manazil Tower 5
About Manazil Tower 5
(sq. ft.)
Manazil Tower 5 is an apartment complex located in the Al Taawun area of Sharjah. The development consists of two 40-storey towers with 462 residential units and 15 offices. The project was developed by Manazil Real Estate.
Properties include one- to three-bedroom apartments that have kitchens, living rooms, balconies, guest bathrooms, built-in wardrobes, and ensuite bathrooms. Three-bedroom apartments also have staff accommodations.
The complex provides a variety of amenities and services, including:
- Covered parking for 487 vehicles
- Visitor parking near the buildings
- Eight high-speed lifts
- 24-hour video surveillance
- Regular maintenance services
- Central air conditioning
- Emergency power supply
- Gym
- Three swimming pools
- Indoor children’s playground
- Sauna, steam room, and whirlpool
- Two large lobbies for meeting guests
Apartments range in size from 800 sq. ft. to 2,000 sq. ft. and range in price from AED 450,000 (USD 123,000) to AED 540,000 (USD 147,000).
*The price is valid for 2021
Property Information
- Location Al Taawun, Sharjah, UAE
- Status of Project Completed
- Type of Project Residential Building
- Units 1-3BR Apartments
- Area from 800 sq. ft.
- Total Amount of Unit 462
Location
The nearest bus stop, Hotel Pullman, is located within a five-minute walk of the apartments. Sharjah International Airport can be reached within a 35-minute drive.
The buildings are situated near many social, commercial, and leisure facilities, including:
- Matajer Al Khan Shopping Mall
- Afamia Market, Nejoum Alarab Supermarket, and True Value Supermarket
- Khubz and Meleh Restaurant, Rukn Al Mishwar, and Abraj Zam Zam Restaurant
- Victoria International School and Dubai Carmel School
- Maharat Al Khaleej Nursery
- Oriana Hospital
- Aster Waseem Pharmacy
The complex is also situated within a five- to 10-minute drive of many popular attractions, including the following destinations.
- Al Qasba is a recreation area with restaurants, playgrounds, and entertainment facilities. Visitors can take advantage of a Ferris wheel with picturesque views of the Arabian Gulf.
- Sharjah Aquarium is a popular tourist attraction with 20 aquariums featuring marine life.
- Al Majaz Park is a family-friendly area with playgrounds, fountains, jogging tracks, and a mosque.
Payback
Al Taawun is considered to be one of Sharjah’s most attractive areas to live in. It is a small neighbourhood with plenty of shops, supermarkets, restaurants, parks, recreational centres, and entertainment venues.
Properties at Manazil Tower 5 have a return on investment rate of 4.9%. Annual rental rates range from AED 24,000 (USD 5,000) to AED 40,000 (USD 14,000). If current trends continue, investments can be recouped within 16 to 19 years.
*The price is valid for 2021
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