Best Areas For Foreigners To Invest in Sharjah

For every international investor interested in the UAE real estate industry, invest in Sharjah that is developing Sharjah property market with a host of investable properties, including apartments for sale in Sharjah and townhouses, villas, promising commercial projects. Furthermore, given the fast-paced growth of various business domains such as automobile, healthcare, FMCG, etc., Sharjah has become a commercial hub with equal demand for residential properties.

And due to this steady demand for lucrative properties in Sharjah, many new properties are getting introduced throughout the city. While earlier people without residency permits weren’t allowed to invest in real estate in Sharjah, everything has changed now. Keep reading below to learn more about the best areas for foreign investors in Sharjah. 

Can Foreigners Buy Property in Sharjah?

Sharjah is a famous city in the UAE where you can choose from various property options for a profitable real estate investment. Although real estate laws in Sharjah still forbid foreigners from buying freehold property, you can find long-term leasehold properties in the areas listed below. The longest period that investors can rent for is 99 years.

In addition, the Sharjah government announced significant changes to the real estate ownership rules relating to expat real estate investment in Sharjah in 2014. As long as they possess a valid residency visa, non-GCC members can purchase real estate in Sharjah under the original changes made to the law. However, earlier, just five properties could be bought by international investors.

So to help promote investments in the city, more and more real estate builders are coming up with promising projects. However, note that foreigners cannot invest in every real estate project in the city. So it is better to remain aware of the best areas for foreign investors in Sharjah for a thoughtful investment. 

Top Areas For Foreign Investors in Sharjah 

Various options delight foreign investors who are planning to invest in real estate in Sharjah. Sharjah attracts many corporate administrators planning to establish their businesses in the UAE. Besides, given the luxurious amenities that the residential sector offers, Sharjah is equally famous among investors eyeing to invest funds in a holiday home or a property purchased for rental purposes. 

• Aljada

The trendiest real estate area in Sharjah is Aljada which is close to University City and the Sharjah Airport International Free (SAIF) Zone. This distinctive urban development has successfully drawn foreign investment in Sharjah real estate by providing the appropriate balance of employment, entertainment, retail, leisure, and living standards.

• • Properties in Aljada

Aljada by Arada encourages a healthy lifestyle and promises luxurious living at reasonable pricing with multiple property options making it one of the best areas for foreign investors in Sharjah. 

A two-bedroom villa in Aljada can be purchased, making this one of the best neighbourhoods in Sharjah to find affordable townhouses. The wide selection of Aljada flats for sale is another choice for those looking into alternatives to purchasing townhouses in Aljada.

• • Amenities in Aljada

Aljada has amenities and services that ensure a stress-free way of life. Schools, mosques, clinics, venues for outdoor sports, a library, a civil protection centre, a post office, and even hotels and offices are located in the region. As a foreign investor, you will have access to all the amenities you need in this luxurious community, which is still under construction.

• AL Mamsha

The mixed-use neighbourhood of Al Mamsha is next on our list of the ideal places to invest in Sharjah as an expat. Al Mamsha is a dynamic urban development that offers you a new choice of homes for sale in Sharjah by fusing modern living with contemporary lifestyle components of leisure and retail. Additionally, this is one of the most promising areas for foreign investors in Sharjah. It features distinctive architecture, shopping centres, and entertainment hubs, making it a desirable place to live.

• • Properties in Al Mamsha

This community in Muwaileh offers modern and premium living options and is made for everyone. While non-GCC citizens can purchase long-term leasehold flats in Al Mamsha, GCC residents can get apartments there on a freehold basis.

The neighbourhood offers luxurious apartments with 1, 2, and 3 bedrooms. Moreover, studio apartments are offered in a range of floor plans to accommodate the different needs of Sharjah real estate clients. Al Mamsha provides 2 and 3-bedroom duplex flats with gardens and individual terraces if you are looking to invest in Sharjah.

Al Mamsha is an excellent alternative to invest in, whether you are a local or an immigrant living in the UAE. In addition, Al Mamsha offers luxurious studio apartments and two-bedroom luxury apartments.

• • Amenities in Al Mamsha

Al Mamsha in Muwaileh is undoubtedly one of the best places in Sharjah for foreign investors because of its excellent location, as it is just a few minutes from the Sharjah International Airport.

The property is situated in a prominent area near University City, home to the American University of Sharjah, Skyline University College, and other prestigious Sharjah universities.

The property offers a wide range of community amenities and services and a great location. Investing here gives you access to shopping malls, entertainment venues, daycare centres, schools, and a playground for children.

There are also swimming pools, cutting-edge gyms, and health club amenities accessible. Due to these benefits, this area will experience a great demand for rental houses.

• Tilal City

Tilal City in Sharjah emerged as a refuge for real estate investors. Thanks to this ground breaking construction, you can purchase land in Sharjah and construct your residence. GCC citizens may buy land in this location on a freehold basis. However, international investors in Sharjah may invest in Sharjah by opting for a  99-year lease. 

• • Properties in Tilal City

Tilal City, Sharjah’s first-ever luxurious master-planned neighbourhood, is situated on Emirates Road E611 and was created to promote community life. Given its rapid development, it has become one of the best places in Sharjah to invest in real estate for expats. In addition, there are four major sections of Tilal City: living, doing business, having fun, and shopping.

The offered properties have no communal or maintenance fees, and in addition to residential properties, you can also choose to invest in mixed-use land in Tilal City.

• • Amenities in Tilal City

The amenities offered in and around a location significantly impact its popularity as a place to live and invest. The Tilal City master plan includes plenty of room for lifestyle services and facilities, similar to the locations described above, for foreigners to invest in Sharjah. There are intricate retail belts with independent stores and a large mall.

Due to city law revisions, the UAE residence visa requirement for foreign investors interested in purchasing real estate in Sharjah has been removed. It has made it possible for foreigners to invest in Sharjah. It is not surprising that Sharjah has recently grown to be a prosperous location for foreign real estate investment in the United Arab Emirates.

The Bottom Line

In a nutshell, projects like Aljada, Tilal City, and Al Mamsha present potential for a pleasant lifestyle and successful investments for anyone looking to purchase luxury flats or any other property type in Sharjah. Although the market appears promising, it will be some time before more locations begin to sprout up all over the city for foreign investors. The most prominent residential complexes in Sharjah offer a broad inventory of homes with excellent returns on investment for investors searching for larger residential properties.

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