The Boulevard
About project
(sq. ft.)
The Boulevard is a residential complex in the centre of Sharjah. Developed by Arada, the project is currently under construction, and it is scheduled for completion at the end of 2022.
The complex was designed using a modern style. The community is made up of several nine-storey buildings with strict geometric proportions and a monolithic structure. The first floors offer retail stores and cafés, and residents have access to an onsite health club and swimming pool. There is a common recreation area that creates a social environment for residents.
The complex includes apartments with one- to three-bedroom layouts. Units feature floor-to-ceiling windows with panoramic views of the surrounding area. The complex offers several different floor plans, so residents can choose a layout that best fits their needs. One-bedroom apartments feature spacious balconies and range in size from 52 sq. m (567 sq. ft) and 65 sq. m (703 sq. ft). Three-bedroom apartments are the largest units with a minimum area of 174 sq. m (1,877 sq. ft).
The complex provides a variety of amenities, including:
- 24-hour security with video surveillance
- Parking
- Equipped gym
- Family-friendly recreation areas
- Barbecue area
- Children’s playground
The starting price for a unit in the complex is AED 547,000 (USD 148,920).
*The price is valid for 2021
Location
The development is located in Sharjah, the capital of the Emirate of Sharjah. It is a culture and business hub with a dynamic economy, and it is situated in the Aljada district. The Boulevard is a relatively new project with the construction of the first buildings beginning in 2018.
The community is connected to other cities via Sheikh Mohammed Bin Zayed Road. Residents have easy access to the Dubai International Airport, which is located within a 25-minute drive of the residences, and Sharjah, which can be reached within a 13-minute drive.
The Boulevard is on a central street in the community and is surrounded by retail stores and restaurants. It is a lively place with well-developed infrastructure and convenient transportation links.
Madar Entertainment Centre and Aljada Business Park are situated within walking distance of the complex. The area offers several educational institutions, such as pre-schools, schools, and universities. Residents can also go to local supermarkets, medical clinics, and a 24-hour pharmacy.
Return on Investment
The Boulevard attracts foreign investors due to units being relatively affordable. Property owners can choose to live in the unit or rent it out. Units have a minimum annual rental rate of AED 19,000 (USD 5,173).
Due to the fact that the project is new, there is no exact data on the payback period. However, analysts predict that the return rate will be at least 5.8%, per annum.
The community is part of a free economic zone. Owners are exempt from paying taxes, and they may rent or sell properties at their discretion. The complex is located within close proximity to the city centre and the emirate’s institutions for higher education, which results in high demand for local real estate.
*The price is valid for 2021
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