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Properties Under AED 20 Million for Sale in Sharjah

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FAQs: Property for Sale in Sharjah

What types of properties are available for sale in Sharjah?

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.

Are there any restrictions for foreigners buying property in Sharjah?

The Sharjah Executive Council (SEC) announced that anyone can purchase a property in Sharjah under the new property legislation.

What are the popular areas to buy property in Sharjah?

Some popular areas to buy property in Sharjah are Aljada, Al Mamsha, and Tilal City.

What is the typical price range for properties in Sharjah?

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.

Who can buy property in Sharjah?

Both UAE and non-UAE citizens can buy a property in Sharjah, UAE.

Can non-residents sell property in Sharjah?

Yes, non-residents can sell property anywhere in the UAE, including Sharjah.

Is purchasing property in Sharjah a worthwhile investment?

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.

Is it possible for a non-citizen to acquire property in Sharjah?

Yes, non-citizens can acquire freehold property in Sharjah without any hassle.

Is the process of purchasing property in Sharjah straightforward?

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.

How much is the property tax in Sharjah?

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.

Is a visa granted upon purchasing property in Sharjah?

Investing in real estate in Sharjah offers the opportunity to obtain a ten-year resident visa for the UAE.

What is the extent of property tax imposed on foreigners buying property in Sharjah?

There is no property tax imposed on foreigners buying property in Sharjah.

How is property valuation done for a sale 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.

Can I sell my Sharjah property directly to a buyer?

You can sell your property directly to a buyer in the UAE without any middlemen being involved in the process.

Are there taxes or fees when selling property in Sharjah?

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.

Top Real Estate Companies in Sharjah

Seeking assistance from property developers in Sharjah is essential if you're interested in investing in or purchasing a new property in Sharjah. Here is a list of the best real estate companies in Sharjah to consult with for all your requirements, from budget and property variations to the top neighbourhoods in Sharjah.

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