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Investor Package: Competitive purchase price and attractive ROI - Freehold | AED45,467,000

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Investor Package: Competitive purchase price and attractive ROI - Freehold | AED45,467,000 - Freehold | AED45,467,000

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Introducing Lilac, the fourth neighbourhood to be launched by Al Zahia in Sharjah with 24 individual townhouses. The development will occupy over 900,000 sqm and will be home to around 12,000 residents when complete in addition to a range of amenities and facilities.

This investor package offers the opportunity to purchase 24 townhouses at a competitive rate ensuring attractive yields and the opportunity for capital growth, whilst retaining the flexibility to lease, sell or hold the units independently in the future.

The townhouses are due for completion and handover in Q4 2020.

PAYMENT PLAN

  • 5% Upon signing SPA AED 2,273,350 
  • 10% Upon breaking ground AED 4,546,700 
  • 5% +8 months AED 2,273,350 
  • 5% +8 months AED 2,273,350 
  • 75% Handover AED 34,100,240

Investor package features

  • 24 three bedroom townhouses located in the heart of the Al Zahia neighbourhood 
  • Total plot size 60,504 sqft 
  • Average plot area 2,521 sqft 
  • Package price AED 45,467,000 
  • Average unit price AED 1.89m 
  • Average rental income (annually) AED 135,000
  • Average rental yield 7.31%
  • Average net yield 6.38%

Cluttons is an international real estate services company with almost 40 years experience in the UAE. Cluttons operates in both the residential and commercial property markets with services including residential sales and lettings, commercial leasing and investment, consultancy, property management and valuation. Whether managing a large portfolio for a corporate client, or helping a family find the perfect home, we make it easy.

Ref: CLS-S-1090

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