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In Sharjah, residential properties such as apartments and villas are the main property types for sale. However, one can find commercial properties for sale, such as warehouses, office spaces, retail stores, etc.
The Sharjah Executive Council (SEC) announced that anyone can purchase a property in Sharjah under the new property legislation.
Some popular areas to buy property in Sharjah are Aljada, Al Mamsha, and Tilal City.
The price range for properties in Sharjah keeps changing. The price starts at AED 121,000 and goes up to AED 5,250,000 for apartments. Prices are even higher for villas and bigger properties. Please note that these prices are approximate and can fluctuate based on location, type of property, and market conditions.
Both UAE and non-UAE citizens can buy a property in Sharjah, UAE.
Yes, non-residents can sell property anywhere in the UAE, including Sharjah.
Sharjah has a bright future for investors because of its increasing GDP, diverse economy, and a young population that is well-educated and ambitious. The city offers access to skilled talent and global markets, making it a great place to buy property.
Yes, non-citizens can acquire freehold property in Sharjah without any hassle.
Sharjah has one of the most straightforward purchasing processes for a property. Buying a property in Sharjah requires four legal steps. They include drafting a contract, signing a Memorandum of Understanding (MoU), obtaining a No Objection Certificate (NOC), and transferring ownership at the Registrar’s Office.
Residential properties in the UAE are not subjected to property tax. However, buyers should be aware of additional costs like maintenance fees, service charges, and registration fees. These fees vary based on different factors.
Investing in real estate in Sharjah offers the opportunity to obtain a ten-year resident visa for the UAE.
There is no property tax imposed on foreigners buying property in Sharjah.
There are six ways to evaluate a property for sale in Sharjah. The most common evaluation method is sales comparison or market data approach based on sales history and location.
You can sell your property directly to a buyer in the UAE without any middlemen being involved in the process.
Property owners do not need to pay taxes in Sharjah and other parts of the UAE. However, a 4% transfer fee is assessed when purchasing or selling a property in Sharjah, divided equally between the buyer and the seller.