Spacious-Terrace Studio in Al Mamsha Souks | Income-Generating Investment for AED 550K

Type

Apartment

Purpose

Sale

Furnishing

Furnished

Average Rent

AED 68,884 Yearly

Updated

24th October 2026

Completion Status

Ready

Studio for Sale in Al Mamsha – Souks Phase | Spacious Terrace & Rental Income

Property Details

Type: Studio with a Large Terrace
Studio Area: 380 sq. ft.
Terrace Area: 353 sq. ft.
Parking Area: 148 sq. ft.
Total Area: 882 sq. ft.
Asking Price: AED 550,000
Status: Rented for AED 33,000 annually

About Al Mamsha – Souks Phase
Al Mamsha, developed by Alef Group, is one of Sharjah’s prominent integrated residential communities, featuring modern architecture, pedestrian-friendly spaces, retail outlets, restaurants, and essential amenities.
Souks Phase is strategically located within the heart of the community, offering convenient access to retail and lifestyle facilities. Its location enhances its appeal to both residents and investors seeking a property with practical amenities and rental potential.
Location & Key Advantages

Easy access to University City of Sharjah.
Close to City Centre Al Zahia and major shopping destinations.
Convenient access to Sharjah International Airport and major roads.
An integrated community combining residential living, retail, and lifestyle amenities.

Investment Opportunity
A studio offered at AED 550,000, featuring a spacious terrace and dedicated parking space. Currently rented for AED 33,000 annually, providing an approximate gross rental yield of 6% before service charges and other expenses.

Posted on: 24th October 2026