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Residential buildings in Sharjah are an attractive option for investors and residents seeking affordable yet comfortable living spaces. Sharjah offers a wide range of properties to suit different needs. The city’s residential buildings come equipped with modern amenities, making them appealing to families and professionals. With a steady demand for rental properties, investing in a residential building provides long-term growth and consistent rental yields. Flats within these buildings also offer great opportunities for those looking to own their first home or expand their real estate portfolio.
Sharjah, renowned for its cultural heritage and proximity to Dubai, is one of the UAE's most prominent cities. As a more affordable alternative to its neighbouring emirates, Sharjah has grown in popularity among expatriates and local residents. The city combines modern living with a family-friendly environment, offering a slower-paced lifestyle compared to Dubai while still being well-connected to major hubs. Sharjah’s real estate market is buoyed by its strong infrastructure, educational institutions, and commitment to preserving its cultural identity, making it a desirable place to live and invest.
Located near the Dubai border, Al Nahda is one of the most areas in demand in Sharjah. The neighbourhood has high-rise residential buildings with modern amenities. It offers excellent connectivity to Dubai, making it ideal for those who work in the neighbouring emirate but prefer more affordable living spaces.
Al Khan is known for its waterfront views and peaceful environment. This area offers flats and residential buildings with stunning views of the lagoon. Due to its beauty and proximity to shopping malls and leisure spots, Al Khan is perfect for investors looking for properties with higher rental demand.
Muwaileh is an up-and-coming area popular with families and students. It is close to several educational institutions, making it a great location for those with children or for investors looking to target the student rental market. Residential buildings here offer good value for money, with plenty of modern facilities.
Al Majaz is one of Sharjah's prime areas, offering waterfront living and a range of residential buildings with high-end facilities. It is a vibrant community known for its parks, cultural centres, and proximity to key commercial hubs.
Al Qasimia is a well-established neighbourhood in Sharjah, offering a mix of affordable flats and residential buildings. It is centrally located, providing easy access to shopping centres, schools, and hospitals, making it a popular choice for families.
Property prices in Sharjah vary depending on the location, size, and property type. Below is an overview of the price range for residential buildings and flats in different localities across the city:
|
Locality |
Price Range (AED) |
|
Al Nahda |
2.1M - 5M |
|
Al Khan |
2.5M - 6.5M |
|
Muwaileh |
1.3M - 4M |
|
Al Majaz |
2.5M - 8M |
|
Al Qasimia |
1.8M - 3.5M |
|
Maryam Island |
1.2M - 4.5M |
Sharjah’s real estate market has seen consistent growth in recent years. With an increasing number of expatriates choosing Sharjah as their home, demand for residential properties has increased. The city offers affordable housing options compared to Dubai, which has attracted a steady influx of buyers and renters.
In 2024, Sharjah’s market remains stable, with a particular focus on affordable housing. Areas like Muwaileh and Al Qasimia continue to draw attention for their relatively low prices and high rental yields. Moreover, the city's family-friendly environment, coupled with increased infrastructure developments and new residential projects, ensures that the market remains attractive for investors and residents. Rental yields in Sharjah are higher than in many parts of Dubai, making it an appealing option for investors seeking regular income from their properties.
When buying a residential building or flat in Sharjah, several costs come into play beyond the property’s purchase price. First and foremost is the Sharjah Real Estate Registration Fee, which typically amounts to 2% of the property value. Depending on the agent, buyers should also budget for agency fees, which usually range between 2% and 5%.
For those opting for a mortgage, there are mortgage processing fees to consider, along with valuation and administrative charges, which can range from 0.5% to 1% of the loan amount. Additionally, maintenance costs in Sharjah vary depending on the building and its facilities, with maintenance fees usually set per square foot.
Other potential expenses include common area service charges, insurance, and legal fees. It is advisable to account for these costs to avoid surprises and to ensure a smooth buying process.