Misk
About the project
(sq. ft.)
Misk is a modern residential complex within the community of Aljada located in the centre of Sharjah. The project is being implemented by Arada Real Estate and Zaha Hadid Architects. It is currently under construction and is expected to be completed by the end of 2022.
Misk is a residential tower with nine floors featuring studios, apartments with one to three bedrooms, and penthouses.
Properties include spacious bedrooms, equipped kitchens, dining rooms, living rooms, several bathrooms equipped with modern plumbing, laundry rooms, dressing rooms, and staff accommodations. Units have modern finishes, high ceilings, panoramic windows, balconies, built-in closets, Wi-Fi, and air conditioning/heating. Residents can enjoy beautiful views of the surrounding parks and gardens for their homes.
The complex offers a variety of amenities, including:
- Indoor parking
- Gym
- Swimming pool
- Clubhouse
- Event space
- Children’s playground
- Sports facilities
- Hiking and bicycle paths
- Park and barbecue areas
- 24-hour security with video surveillance
Units have a minimum size of 95.9 sq. m (1,033 sq. ft), and properties have a starting price of AED 775,000 (USD 210,996).
*The price is valid for 2021
Location
Sheikh Mohammed Bin Zayed Road and University City Road are located near the complex and offer easy access to other parts of the city. There are bus stops situated within a five-minute walk of the residences, and a tram runs through the community.
The Sharjah International Airport can be reached within a 13-minute drive of the complex.
There are several nearby stores, supermarkets, restaurants, cafés, fitness centres, pharmacies, entertainment spaces, and movie theatres. The Al Zahia Mosque can be reached within a five-minute walk, and the SEHA Field community centre is located within 10 minutes of the complex.
Residents can enjoy local shopping centres, such as Madina Mall, Shopoint Mall, Bin Shabib Mall, and City Centre Sharjah. In addition to retail stores, malls offer restaurants, play areas, and entertainment venues.
The area also offers several schools, including Al Ramaqia Primary School, Delhi Private School Sharjah, and Sharjah Ambassador School. For hospitals and clinics, residents can go to Thumbay Hospital Daycare, Al Qassimi Hospital, and Prime Medical Centre.
Return on Investment
The return on investment rate for a property at Misk is 5.3%, per year. The minimum annual rental rate for a one-bedroom apartment is AED 30,000 (USD 8,168). Rental tax for a property is 5%, or AED 1,500 (USD 408), and maintenance fees start at AED 4,840 (USD 1,318). Therefore, the net income would be AED 23,660 (USD 6,442).
*The price is valid for 2021
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