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Sharjah Real Estate is a vibrant and growing market in the United Arab Emirates. With high-end residential projects and attractive commercial properties, the city offers a wide variety of options for those looking to invest. We have made your job easier by providing you with the best properties to choose from.
Nesto Hypermarket is a famous hypermarket chain in Sharjah. Most Nesto stores are spread close to the gated communities in…...
Sharjah is the third-largest city in the United Arab Emirates. Located along the Persian Gulf, Sharjah is the cultural capital of the UAE and is home to a number of museums, art galleries, and cultural centres. The city is also known for its stunning architecture, including the iconic Sharjah Fort and the Sharjah Heritage Area. Sharjah is also known for its vast parks, beautiful beaches, and lively nightlife. The city is home to numerous international universities and attracts visitors from across the globe owing to its blend of modern and traditional culture.
The real estate market in Sharjah has seen a massive jump in the past few years. The real estate market of Sharjah is very dynamic. Recently, the Emirates Executive Council has allowed people from all nationalities to buy real estate in Sharjah. This has caused a price hike of 20% within three months in the real estate market.
The real estate market in Sharjah is expanding rapidly. Most people living in Sharjah choose the city for its close proximity to Dubai. Since the city is less crowded than Dubai, people prefer living here. Even the rent in Sharjah is relatively cheaper from Dubai. The stakeholders of the real estate market in Sharjah include immigrants from India, Pakistan, Sri Lanka, the Philippines and other nations. One of the main factors for the growth of the Sharjah real estate market is the Council’s decision to let people of all nationalities buy properties in the city. Therefore, the market size of the Sharjah real estate market has seen a hike.
In 2022, Sharjah saw an increase in the purchase of residential and commercial properties, which translates to people living in the Emirates having an improved standard of living. The Emirates’ real estate market has seen stability for quite a while. This stability has caused investors to affirm their faith in the Sharjah real estate market. The economic health of the United Arab Emirates has strengthened due to its growing real estate markets. Residential transactions including land, apartments, and homes are twice as high, when compared to commercial spaces. People from the neighbouring cities have also invested in Sharjah as a second property or a holiday home.
The government of UAE is devoted to developing the nation through sustainability and innovation. Sharjah is one of the most investment-friendly cities in the United Arab Emirates. The investors get a plethora of options in terms of educational, economic, healthcare, and recreational facilities.
The city falls in the list of top ten countries with good connectivity. It stands sixth in the list due to the smooth movement of people, goods and services within and outside the city. Mowasalat buses of Sharjah are the most common mode of public transport in the city. The second most used transport system is cab services. Uber and Careem are trusted brands for ride-hailing services.
The current population of Sharjah is 2,197,200. The population has seen an increase of 1.2% since 2022. The current population of men in Sharjah accounts for 4,49,371 and women is 2,06,257. The Department of Statistics and Community Development analysed that the expat population in Sharjah is way more than the Emiratis. When we talk about the sex ratio, the female population is more than the male. But the expat population consists of more men than women.
The largest population bracket in Sharjah is people aged 20-39. This bracket covers college students and working professionals. The languages spoken are Arabic, Hindi, English and Urdu. The majority of the people follow Islam in Sharjah.
The majority of people who move to Sharjah do so to save on the rent and buy cheaper houses as compared to Dubai. Most of the ex-pats often land in Sharjah first due to its affordability. The lifestyle of Sharjah is pretty laid back. People frequently visit shopping malls, restaurants and other entertainment spots in Sharjah. Most of the people in Sharjah are college students and working professionals.
The real estate market in Sharjah is constantly rising. Home buyers will find various properties to choose from, ranging right from modern high-rises to villas. There is something for everyone, from luxury apartments to economical housing options. The city has a number of educational institutions, hospitals and healthcare facilities, making it a great place to live and raise a family.
The cost of living in Sharjah is also relatively low compared to other cities in the United Arab Emirates. Overall, Sharjah is a great place to call home. It is a vibrant city with plenty to offer its residents. With its booming real estate market, it is an ideal place to invest.
In recent years Sharjah has become a hotspot for immigrants and students from various countries. This has led to a colossal increase in the demand for real estate in the city. There are several supermarkets, hypermarkets, healthcare facilities, schools, recreational facilities, and more. The real estate market in Sharjah has seen a 20% price hike in the last three months.
The property demand is at an all-time high since the government allowed people of all nationalities to invest in Sharjah Real Estate. Recently, Al Khan, Al Majaz, Al Nahda and Muwaileh have seen an increase in the demand for residential and commercial properties. Al Khan and Al Majaz are residential hotspots. Apartments are the property type that is purchased the most in the area.
Al Nahda and Muwaileh are rental hotspots in Sharjah. Hoshi is known for purchasing villas whereas Al Tai is where most villas are rented. But Muwaileh has the highest return on investment, almost 6.54% followed by Al Sabhka at 5.29% and Al Ghafia at 4.61 per cent in the third quarter of 2022. For off-plan projects, Al Zahia in Muwaileh, Maryam Island in Al Khan and Sarab Community in Aljada are well known.
The top localities in Sharjah for rent and sale are mentioned below.
Muwaileh is near the Sharjah Industrial Area. It is located on the outskirts of the city. Muwaileh is one of the cheapest places to rent an apartment. Apartments for rent are mostly studio, bedroom and two-bedroom apartments. Muwaileh has many low-rise buildings ranging from 3-7 floors.
Al Majaz is located near the Buhaira Corniche. The area is family-friendly with many water activities and other outdoor activities. It is a popular location for renters and investors alike. The area is divided into Al Majaz 1, Al Majaz 2 and Al Majaz 3. Al Mazaj two is occupied by the renters more since it has watersports, restaurants and splash parks. 1, 2, and 3BR apartments are mostly preferred for rent and sale in the area.
Al Khan is one of Sharjah’s seafront communities. The main highlight of the area is the Al Khan Lagoon. Most apartments in Al Khan are for rent. Major properties rented are 4 bedrooms and penthouses. The area also has some freehold regions for foreigners to invest in. Most apartments in the Al Khan region overlook waterfronts making it a desirable place to buy properties for Thalassophiles.
Al Nahda lies between Dubai and Sharjah making it an ideal location for people who work in Dubai or Sharjah. Since living in Sharjah is more economical than in Dubai, many people wish to live in Sharjah and work in Dubai. Al Nahda has villas and apartments and is known for purchasing and selling homes. It is a family-friendly location, offering many recreational activities. Most families choose two-bedroom apartments for rent in Al Nahda.
Muwaileh Commercial is a mixed-used area located in Sharjah. The area is close to Dubai, instantly making it the investors' and renters’ first choice. Muwaileh Commercial is known for its rental apartments. The proximity to Sheikh Mohammed Bin Zayed Road and the University City of Sharjah makes it a good place to invest. Most sought-after properties are studio, 1, 2, and 3 bedroom apartments.
Aljada was established in 2017 and developed by Arada Developments LLC. The community offers both residential and commercial projects. Aljada is where many expats live when they arrive first. The area is close to the DXB Airport and Sharjah Airport. The city offers studio, 1, 2, and 3 bedroom apartments.
Al Saja is an industrial city developed by Sharjah Asset Management Holding (SAM). It is a mixed-used city that has ample space for retail, commercial as well as residential entit ies. The area has nearly 353 industrial buildings. The city is close to the Al Hamriya Port. This area is mainly a home to warehouses, labour camps, commercial spaces, industrial plots and shops.
Sharjah is the hotspot of several new projects. Some of them are listed below.
Sharjah is the third largest Emirate in the UAE, and it is known for its cultural and historical significance. The city has a diverse population and a strong economy, with a thriving industrial sector and a growing tourism industry. The real estate market in Sharjah has been steadily growing in recent years, with new developments and projects being announced regularly. The city offers a range of property options, including apartments, villas, and commercial spaces, at various price points. One advantage of investing in properties in Sharjah is that the cost of living is generally lower than in neighbouring Dubai, making it an attractive option for those looking for more affordable real estate options.
On the other hand, Sharjah is a city where settling in especially for ex-pats is easier than in Dubai. The rent or purchase of spaces in the city is still cheaper in Sharjah. Due to its proximity to Dubai, Sharjah has a high scope of turning into the next real estate hub for hotel chains, builders for commercial and residential projects and recreational areas like malls, indoor activities, and other such projects.
However, like any investment, there are also risks associated with investing in real estate. It is important to thoroughly research the market and seek advice from financial experts before making any investment decisions.
Sharjah houses some of the top real estate companies in the world. These organisations are driven by development through innovation. Some of the top real estate companies in Sharjah are mentioned below.
Arada Developments LLC is a reputed real estate developer based in Sharjah. Currently, they are working on 16 projects and have completed four projects. They lead by the principle of creating spaces which inspire the residents.
Sharjah Holding aims to celebrate happiness and joy throughout the Emirate. The developers are focused on the economic development of the nation. The company focuses on bringing forth innovation and improving the quality of life of the people of Sharjah.
FAM Holding is known to construct state-of-the-art residential and commercial properties throughout the UAE. Since 2006, the real estate company has delivered luxurious projects close to all the hotspots of the city. The headquarters of FAM Holdings is in Dubai.
Headquartered in Abu Dhabi, Eagle Hills have spread its wings all across the UAE, Africa and Europe. Their clients not only choose them for their facilities and opulence but also their sustainable and eco-friendly methods.
With the aim of indulging in eco-friendly development of projects, Alef Group is known for its luxurious green building projects. The company was established in 2013 and is headquartered in Sharjah. They are involved in mixed-use projects and developing walkable communities.
The company was founded in 2004 and has since become a leading developer in the UAE, with a focus on creating high-quality, innovative, and sustainable real estate projects. Shoumous Properties is a venture of Albatha Real Estate and MAG Group.
The Arthur Mackenzy Group is mainly located in Dubai. However, it caters to the rest of UAE, India, Europe, Africa and most of Asia. They are known to develop some of the best projects the world has seen. The company is involved in property development and other real estate facilities.
Established in 2008, Tilal Properties has since become a prominent player in the real estate industry of the UAE. They developed the Tilal City in Sharjah. The community has schools, religious spaces, supermarkets, and industrial, residential and commercial units.
Al Thuriah Group is famous for its multi-purpose projects in Sharjah. Since its inception in 1996, Al Thuriah covers everything from construction, interior design, properties and facilities management. The organisation is focused on delivering the best to its clients.
Currently, the prices of properties in Sharjah are high due to an influx of buyers after the government allowed the purchase of properties by people of other nationalities.
The cost of infrastructure depends upon the area in Sharjah. Every city has something unique about it, hence the cost of infrastructure depends on how developed the area is.
Sharjah is a city of young blood. Most residents are families with working professionals and students.
There are almost 1,75,000 Emiratis and almost 1.2 million expatriates living in Sharjah
The highest ROI in Sharjah is at Muwaileh at 6.54%.
Al Yarmook is one of the cheapest areas in Sharjah.
Al Narjis- Al Zahia Villa Community Phase 3 is one of the best communities in Sharjah.
Hayyan Real Estate Project is one of the biggest projects in Sharjah.
Al Khan, Buhairah Corniche, Al Nahda and Al Majaz are the poshest areas in Sharjah.
The 5 advantages of real estate investing in Sharjah