Sharjah is famous across the globe for its museums, art galleries, and leisurely lifestyle. Increasingly, expats are investing in or renting a property in Sharjah. These real estate investments have brought billions of dollars to the UAE government. However, the demand and expectation for lavish properties have increased rapidly. You can rent property in Sharjah anywhere, and once you know the guidelines for renting, finding a home will be easy for you.
Several foreign investors have rented out properties for vacations in recent years. In addition to its excellent location, Sharjah offers an extensive range of projects, making it a popular investment location.
Here is a graph that illustrates the rental property trends in Sharjah.
What Types of Properties are in Sharjah?
You can rent commercial property in Sharjah or rent residential property in Sharjah at your convenience in the city. These luxurious properties are developed by the best developers in the state. With rising demand, they make sure to provide extravagant houses at an affordable rental price for the citizens and the foreign expats. Here are some popular properties for renting in Sharjah:
Apartments are the most popular property to rent in Sharjah. It is because apartments for rent in Sharjah come in different sizes, and configurations, and are perfect for a single individual or a family at the same time.
Villas are huge, beautiful, and equipped with every facility. These characteristics make them popular and in demand among the tenants. These villas are also available in different configurations, from 5 to 7 bedrooms or more. You can find villas for rent in Sharjah in areas like Muwaileh, Al Azra, Al Tai, Al Jazzat, Sharqan, Al Rifah, Barashi, Al Sabkha, Al Nekhailat, and Hoshi. Hoshi is quite famous as the most searched location for renting villas.
The townhouses for rent in Sharjah starts from AED 30,000 to AED 190,000 annually. It is because these townhouses are found in several sizes and formats and are also the most
luxurious properties for rent in Sharjah. You can select townhouses in an attached, semi-attached, or detachable format.
Popular Areas in Sharjah
Here are some of the most popular and
best places to rent property in Sharjah. Check the following ones to get the best deal while renting property.
When it comes to renting an apartment in Sharjah, Al Nahda is one of the most favoured areas. The rent for a studio apartment is AED 16,000 and for a 2-bedroom apartment, it is AED 27,000 annually. It is popular due to its strategic location and competitive rates.
Muwaileh is a family-friendly locality, safe and located in proximity to Dubai in Sharjah. The rent here is the same as it was in 2021. For a studio apartment, the rent is AED 12,000 and for a 2-bedroom it is AED 31,000 on a yearly basis. You can also find villas here for rent.
Al Majaz has amazing scenic waterfront views, eateries, and a bustling urban environment to make it a favoured rental place. Here, the prices for a 2-bedroom apartment for rent in Al Majaz Sharjah start at AED 33,000 and for a studio apartment, it is AED 16,000 annually.
To rent apartments in the emirate, you can look for locations like Al Taawun, Muwailih Commercial, Al Qasimia, Al Khan, Abu Shagara, Bu Tina, and Al Mamzar. Further, the rent in these areas is stable with a varying rate of only 10%.
Rent Price Trends for Properties in Sharjah
Expats investing in Sharjah properties are also taking a keen interest in taking long vacations or living on rent in these luxurious properties on rent in Sharjah. For the same reason, the rent price trend is fluctuating in several top-notch localities in Sharjah. Also, as per the 2007 tenancy law, the owner can only increase rent after three years from the commencement of the contract. However, to rent a property, you will require a copy of the landlord's ID card and a passport with an authenticated signature. As of 2022, the rent has declined in popular areas like Al Nahda.
Popular Societies Available on Rent
fees for renting a property in Sharjah vary depending on factors like society, location, the configuration of the house, and other attributes. But the main role is played by the society you choose to live in. Make sure to check the availability of the amenities nearby and what benefits you can avail yourself of in terms of facilities, luxury, and safety.
However, you can consider and compare different societies and localities before moving and acquiring the best property to rent in Sharjah in areas like Al Nahda, Muwaileh, Al Majaz, Al Taawun, Muwailih Commercial, Al Qasimia, Al Khan, Abu Shagara, Al Bu Tina, Al Mamzar, Al Wahda, Corniche Al Buhaira, and Rolla area. You can see the movements in the graph below to comprehend the luxury property to rent in Sharjah.
Preferred Rental Neighbourhoods in Sharjah
You can easily find the best property for rent in Sharjah, but finding it at the best location in the city takes all the hard work. Thus, you must look at the availability of amenities, key facilities, the availability of public transport, and other attributes. Further, the Sharjah property market is increasing rapidly due to the high demand for properties for both purchase and rental purposes.
best properties for rent in Sharjah can be found in Al Nahda, Muwaileh, Al Majaz, Al Taawun, Muwailih Commercial, Al Qasimia, Al Khan, Abu Shagara, Al Bu Tina, Al Mamzar, Al Wahda, Corniche Al Buhaira, and Rolla areas. Take a glance at the graph below to see the famous neighbourhoods with the most rental properties.
Furnished / Semi-Furnished Rentals Options in Sharjah
There are several residential properties for rent in Sharjah. As per your convenience and requirements, you can choose furnished and semi-furnished properties to rent in Sharjah in popular areas. The only difference between furnished and semi-furnished properties is that a furnished property has all the amenities and key facilities. However, the semi-furnished property only offers limited facilities. Some of the areas popular for furnished properties are Al Riqqa, Al Heera, and for semi-furnished are Al Majaz, Al Heera, Sharjah, Al Badie, Halwan, and more.
Furnished properties for rent in Sharjah have prices starting from AED 93,000 and onwards. However, semi-furnished residential properties for rent in Sharjah have an initial price of AED 18,000 and onwards.