28/01/2023
*Land for Sale for AED 1.65 Million | G+3 Plot Opportunity Plot *
No commission fees, No service fees, No maintenance fees, No administration fees, No hidden fees
Land is located in Tilal City, Sharjah. The land is located just opposite to the Garden, Mosque and community commerical center
Plot Value : 1,650,000 AED
Plot Size : 8,000 sqft
Plot BUA : 22500 sqft
Construction Value : 4,050,000 AED
Plot Value : 1,650,000 AED
Total : 5,700,000 AED
Units in G+3 : 18 units
12 units of Two Bedrooms (1000 sqft)
6 units of One Bedroom
(800 sqft)
Rental Income :-
2 bedrooms : 38,000 AED x 12 units = 456,000 AED
1 bedroom : 28,000 AED x 6 units = 168,000 AED
Total for 18 units : 624,000 AED
Total Investment : 5,700,000 AED
Total Income : 624,000 AED
ROI = 11% first year
Money to be returned from 9 to 10 years maximum.
Selling the full building on 10% can provide capital gain of 1,200,000 AED