Al Ramaqiya
About Al Ramaqiya
(sq. ft.)
Al Ramaqiya is a small residential community located in Sharjah near the Wasit Nature Reserve. Its main attraction is the park, which is ideal for walks and family vacations. One of the residential complex’s distinctive features is its safe living environment, as well as its measured and quiet atmosphere. It is also conveniently located near Sheikh Mohammed Bin Zayed Road, one of the country’s main highways.
Properties include four- to six-bedroom villas that are available to buy and rent. Units have an average size of 10,000 sq. ft. The layouts are characterised by their convenient and clever use of free space. Some properties have swimming pools and private gardens.
Four-bedroom villas have a starting price of AED 4,000,000 (USD 1,092,000). Six-bedroom villas have a starting price of AED 5,900,000 (USD 1,611,000). Annual rental rates range from AED 95,000 to 130,000 (USD 26,000 to 35,500).
*The price is valid for 2021
Property Information
- Location Wasit, Sharjah, UAE
- Status of Project Completed
- Type of Project Villas
- Units 4-6BR
- Area from 10,000 sq. ft.
Location
Most residents living in the community prefer to travel around using personal vehicles. Sheikh Mohammed Bin Zayed Road is located within a five-minute drive of the villas. There are also several bus stops situated throughout the area. The neighbouring communities of Al Goaz, Al Yash, and Al Sweihat can be reached within a 10-minute drive, and Sharjah International Airport is located within a 25-minute drive.
Al Ramtha Supermarket is situated right in the community and offers a wide range of groceries and household goods. Carrefour Hypermarket can also be reached within a five-minute walk of the residences.
The community is home to the prestigious Sharjah American International School, which uses an American curriculum. Al Kamal School, Mariam School, and Waset Model School are located in neighbouring areas. For higher education, residents can go to the University City of Sharjah, which is situated within a 20-minute drive.
The community does not have any restaurants or catering facilities. The closest eateries can be found in the nearby district of Al Nuaimiya, which can be reached within a 10-minute walk of the villas. Restaurants are known for serving local, Middle Eastern, Indian, and European cuisines.
For medical care, residents can go to Wasit Clinic, a facility known for its expert team of medical professionals. Thumbay Hospital is located within a five-minute drive of the community.
Payback
Al Ramaqiya offers comfortable living conditions in an area with well-developed infrastructure. Residents have easy access to schools, medical centres, and supermarkets.
The purchase of a property is considered to be a good option for generating a passive income. Units have a return on investment rate of 2.5%, which is a positive indicator for villas in the area.
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