
Il Teatro Residences 1, 2 is a stylish residential project from the developer Arada Properties, which is part of the Aljada community in Sharjah. Each residence has a view on the one of the main area attractions — the theater, designed by the famous Japanese architect Tadao Ando, and a multi-level pedestrian area. The complex consists of two identical mid-rise buildings. Each building has a basement level with parking spaces, a ground floor, seven residential floors, a roof with a infinity pool and a relaxation area. Apartments with 2 to 3 bedrooms and lofts with 2 or 3 bedrooms are available for purchase. The interior design uses bright colors and high-quality finishes. The complex's amenities include a gym, a health club and a landscaped park with recreational areas and a green corridor leading to the theater. All apartments are equipped with a smart home system, as well as concierge services, 24-hour security and laundry. There are exhibition halls, shops and supermarkets, cafes and restaurants within walking distance. The unique location of the complex Il Teatro Residences 1, 2 allow you to reach the City Center Al Zahia in just 2 minutes away. University City and Madar are a 5-minute away, Sharjah International Airport can be reached in 10 minutes, and Dubai International Airport and Downtown Dubai can be reached in about 25 minutes.
Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Il Teatro Residences 1, 2 launch basis | 2,639 | AED 2.38M | Current launch / asking basis |
| Muwaileh Commercial ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Muwaileh Commercial premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |






















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Astraterra Properties
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Muwaileh Commercial
Il Teatro Residences 1, 2 by Arada Properties
Located in Muwaileh Commercial
Starting from AED 2,375,000
Unit mix includes 1 BR, 2 BR, Apartments
Expected handover: May 2026
Official brochure and PDF marketing materials available
Official render/gallery images available
Ready-to-move units · Direct from owner · Verified by Astraterra
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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