Description

Introducing a prime investment opportunity in Sharjah's Al Mafraq community: a fully operational labour accommodation camp for sale, boasting a remarkable capacity of 7,680 workers. This MOHRE-licensed facility spans 41,000 sqm of land with a built-up area of 31,199.71 sqm, featuring 16 accommodation blocks and a total of 768 rooms. With 34 years remaining on the leasehold, this property promises long-term stability. The camp is not just a place for workers; it is a significant income-generating asset, currently yielding an annual revenue of AED 73.878 million and a stated net income of AED 34.894 million. With an indicative return on investment of 17.9% and a payback period of approximately 5.6 years, this offering is ideal for both institutional and private investors looking to enhance their portfolios. Asking price for this exceptional property is AED 195 million. Serious inquiries are welcomed, and we are prepared to provide a Non-Disclosure Agreement (NDA) along with due diligence documentation for interested parties. Don't miss this chance to invest in a large-scale, income-producing accommodation asset in a strategic location.