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As per the governing laws of Sharjah, foreign nationals don't have the right to own freehold property. But they can lease the chosen property for 100 years after registering with the Sharjah Real Estate Registration Department (SRERD). One has to acquire special permission from the ruler of Sharjah. You can find some of the best properties in Sharjah at Al Taawun, Al Nahda, Al Qasimia, Muwaileh, Al Majaz, Al Khan, Tilal City, and Aljada.
The areas mentioned above offer investments in apartments, villas, townhouses, penthouses, villas, and more. It is important to check whether the property is freehold, how much it costs, and the return on investment.
Buying property in Sharjah on lease is easy and expats can hold it for a maximum of 100 years. After following certain guidelines set up by the Sharjah government, you will be able to have the property in your name in Sharjah, UAE. You can easily find villas, townhouses, apartments, duplexes, and many different types of commercial and residential property. Sharjah is a very culturally oriented city. Therefore, it is a must to follow all the guidelines.
You can find apartments with 1, 2, or 3 bedrooms, and they are one of the most popular places to invest. However, apartments for sale in Sharjah came in different configurations, interiors, and sizes. You can also find lofts, studios, duplexes, hotel apartments, and many more.
The Sharjah property market has seen huge investments. Many families invest in massive properties like villas. These villas for sale in Sharjah have up to 7 bedrooms or more, so that large families can stay together and spend some quality time.
When investing in Sharjah properties as they are ideal and can offer the best return on investment if kept long enough. The prices of townhouses start from AED 2,059,000 to AED 3,099,000 or more. You can easily find townhouses for sale in Sharjah.
For investing in Sharjah property, make sure to evaluate the following attributes mentioned below:
Freehold or non-freehold Properties: Expats cannot buy freehold property in Sharjah. They are only allowed to have any property on lease for a maximum of 100 years, which is limited to certain locations.
Term: As a foreign expat, you have to follow detailed guidelines to be able to buy property in Sharjah even on a lease for 100 years.
Affordability: The operational or upfront fee you have to pay to the developer while buying property in the Sharjah process must fall within your budget or affordability rate. Just ensure that you don't feel burdened with the price.
Maintenance Expenses: If you are planning to purchase a luxury property for sale in Sharjah then make sure that you can easily afford the maintenance charges. Every property needs proper care from time to time, whether you stay there or not.
Market Trend: Sharjah property market trends will give you a better understanding of the property price index in Sharjah and the best place to buy property in Sharjah.
Locality Insight: Best place to buy property in Sharjah? This question will help you narrow down your research. Some of the best areas to buy property in Sharjah are Al Majaz, Al Nahda, Al Khan and more.
Sharjah is the main cultural city of the UAE. It revolves mainly around Islam and traditional Arab culture. Arab culture is evident in the form of attire, cuisine, architecture, music, and even museums! However, Sharjah has seen tremendous growth recently, particularly in hotels and shopping malls.
You can easily find luxury properties for sale in Sharjah. It is also one of the safest cities in the UAE after Abu Dhabi and Dubai. Many investors are investing in Sharjah property in top-notch locations like Al Taawun, Tilal City, Al Qasimia, Muwaileh, Al Majaz, Al Nahda, Al Khan and more. You can further check the list of some of the best areas to invest in property in Sharjah.
In the first half of 2022, a drop was seen in the price of property in the Sharjah process. But these drops in prices have led to the rapid demand for properties in the Sharjah property market. In the last few months, several local and international investments have been made to buy property in Sharjah. This flow of investors has increased by almost 50%, and it is estimated that millions of transactions have been made in the Sharjah property market.
In the UAE, the Ministry of Education (MoE) is responsible for all aspects of education. It is important to prepare young people who can contribute to a nation's growth and progress. Private and public schools are both managed by the Ministry of Education, which sets guidelines for them. In 2018, the Government of Sharjah issued Emiri Decree No. 45 of 2018 to launch the Sharjah Private Education Authority (SPEA). SPEA is affiliated with the Sharjah Government. Several curriculums are offered in Sharjah in different schools.
Some of the outstanding educational academies in Sharjah are the American School of Creative Science, GEMS Millennium School Sharjah, Beaconhouse Al Khaleej International Private School, Delta English School, GEMS Cambridge International Private School Sharjah, Victoria International School, and several others. Here is the list below representing some more names of top-rated schools in Sharjah.
The best real estate investments in Sharjah are in the following areas:
Reasons why buying property in Sharjah is advised to foreign investors and expats.
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.
In the heart of the United Arab Emirates, the emirate of Sharjah stands as a testament to the transformative power…...
