Faradis Tower — project image
Off-Plan

Faradis Tower

From AED 1.79M·Handover Feb 2027·20% down payment Payment
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AED 1.79M
Starting Price
Feb 2027
Handover
20% down payment
Payment Plan
2 BR · 3 BR
Type

Project Overview

Faradis Tower - a luxury project by Tiger, located on the Gulf Coast on the Al Mamzar Peninsula in Sharjah. The complex consists of a ground level, 5 podium floors and 50 residential floors and has a unique mesmerising design. The wavy shape of the tower has been carefully designed to convey an atmosphere of luxury blended with its surroundings. Every element is made of the finest materials to give the best positive emotions. There are 1-4 bedroom apartments and commercial spaces for sale. The interior elements attract attention and create an effect of grandeur, as they are designed in calm neutral colours that blend well with the relaxed atmosphere of the premises. Each residence offers scenic views of the bay and Dubai's famous skyline. The tower is equipped with a delightful array of amenities that add just an extra touch of comfort and luxury to its virtues. Residents are presented with a safe children's playground, a gym, a large outdoor swimming pool and jogging and walking paths. Faradis Tower is uniquely positioned to provide residents with quick access to the city's main attractions. Al Khan Beach is just 2 minutes away and Expo Centre Sharjah is 4 minutes away. City Centre Sharjah and Al Qasba Canal Sharjah can be reached in approximately 10 minutes, while the Sharjah Aquarium is approximately 15 minutes away.

Project Specifications
DeveloperTiger Group
LocationAl Mamzar 1
Unit Types2 BR, 3 BR, 4 BR, Apartments
AreaAl Mamzar 1
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 77,086 / year
Cash-on-Cash
2.2%
Levered cashflow AED 18,133
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 821,777 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

Faradis Tower — View 2
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Astraterra Properties

Official Documents

Download official marketing materials from Tiger Group.

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Payment Structure

20% down payment

Published payment summary

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Amenities & Lifestyle

Central A/C
Jogging tracks
Kids Play Area
Sauna
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Walking paths

Location

Al Mamzar 1

Nearby Destinations

Al Mamzar 1

Developer and Project Facts

01

Faradis Tower by Tiger Group

02

Located in Al Mamzar 1

03

Starting from AED 1,786,472

04

Unit mix includes 2 BR, 3 BR, 4 BR, Apartments

05

Expected handover: Feb 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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RERA Registered
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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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