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Buy Properties in Sharjah 2024

After Dubai, properties for sale in Sharjah enjoy the most attention. Affordable prices, more spacious layouts & eco-friendly environment are what make property in Sharjah a green flag for investors. This city has also ranked as the 3rd most populous city, making residents settle in the UAE landscape on budget-friendly terms. According to the Sharjah Real Estate Registration Department, the volume of transactions in Sharjah reached AED 4 Billion in May 2024 with a total of 1632 transactions, jumping from AED 1.7 billion in April. Sales were conducted at 89 locations spread throughout Sharjah's towns and districts. These assets comprised agricultural, commercial, industrial, and residential areas. There were 141 transactions for built-in lands, 185 tower units, and 253 lands total in terms of transferred real estate. This is a noticeable growth in properties for sale in Sharjah, promising more potential profits in upcoming months.

Best Areas to Buy Property in Sharjah

Here’s the list of best areas to buy property which offers market competitive prices with significant ROI & capital gains.

Al Khan

Al Khan stands on the forefront when it comes to jot down best area to buy property in Sharjah. This location offers various residential options including studios, apartments, penthouses & plots that can be customized according to the taste. Properties in Al Khan start on average price of AED 800K with promising ROI of 4%. This location is the complete [package surrounded with commercial & leisure activities, letting residents enjoy their life to the fullest.

Al Majaz

Al Majaz is ideally located in the center of city, giving easy access to major landmarks of Sharjah & neighbor cities. This area was introduced in 2010. Since then, Al Majaz has secured top position in best real estate areas for investment with an average ROI of 6%.

Al Jada

Al Jada offers vibrant living standards majorly dedicated to villas development. This location practices eco-friendly living standards with jogging tracks, parks & community halls all around the neighborhood. With average starting price of AED 2Million, investors can find their dream villas built on modern style with glimpses of traditional elements. The ROI secured in Al Jada is approx. 5.5% annually.

Muwaileh

Muwaileh offers mid blend of apartments & villa community in Sharjah with top-tier amenities & modern infrastructure. This location offers spacious units with starting price of AED1.Million which goes up based on the category, size & development. With everything accessible in close vicinity & promising ROI of 5%, this area of Sharjah emerges as top investment destination for international buyers.

Al Nahda

Al Nahda is attractive because to its convenient access to Dubai, excellent public transportation, and facilities like shopping centers, medical facilities, and schools. With parks and affordable real estate options, it's the perfect place for commuters and promotes communal living. For expats, it offers an average return on investment of 6%.

Why People Are Investing In Properties For Sale In Sharjah?

Buying property in Sharjah is quite a spillover from Dubai. This city has welcomes all the investors belonging to minimum budget looking to buy a luxurious residence for their future. One of the significant reasons of buying property in Sharjah is the lower prices in comparison with other cities of UAE. In addition, Sharjah has one of the most diverse economies in the UAE and the surrounding area, with non-oil industries accounting for over 96% of total economic activity.

Moreover, this city caters various designs & unit categories, ensuring to deliver exactly what the buyer is looking for. Whether they are hunting studios or penthouses or want to buy some luxurious waterfront villas – Sharjah property market have diversified options to offer. With handful of development from leading developers of UAE, Sharjah is an exquisite option for real estate investors.

However, the UAE governments have been playing keen attention to Sharjah development. They have spent majorly on city’s master plan to improve utilities, public transportation & road networks.

Types of Properties available in Sharjah Property Market

The real estate in Sharjah provides all kinds of units that are vital for investment. From including apartments to villas, the popular locations of Sharjah are enriched with these unit categories. Al Jada, Maryam Island and Al Khan appear most dominant options offering apartments ranging from 2 bedrooms to 5 bedrooms. The average size available ranges from 200 square feet to grandeur 4000 square feet costing up to AED 300K on minimum range.

Townhouses with two to five bedrooms are available in Muwaileh Commercial, Aljada, and Al Tal. They range in size from 1,290 to 6,980 square feet and start at AED 995K (USD 271K).

Complete structures with sizes ranging from 2,500 to 35,000 sqft are offered at Al Khan, Muwaileh, and Al Majaz. Prices start at AED 525K (USD 143K). Penthouses with 2 to 5 bedrooms and sizes ranging from 2,369 to 8,000 square feet are available in Al Majaz, Al Taawun, and Muwaileh Commercial. Prices start at AED 900K (USD 245K).

FAQ's

Why should I buy property in Sharjah?

With affordable prices, easy connectivity & higher ROI – buying property in Sharjah is worth investing.

What is the average cost of apartment in Sharjah?

The average cost of apartments in Sharjah is nearly AED 1Million. But this price may vary depending on the size, location & development of the property.

Can any nationality buy property in Sharjah?

Yes! Investor with any nationality can avail the opportunity to buy or invest in Sharjah property for sale. Thanks to free-hold units that allows foreigners to avail property ownership in UAE.

What amenities to expect in properties for sale in Sharjah?

Amenities like parks, gymnasium, swimming pools, rooftop dining, and community halls are a must with property in Sharjah. However, based on the development other posh amenities can come along including private elevators, private Jacuzzis, swimming pools & more.

Is it cheaper to live in Sharjah?

The premises of Sharjah provides more affordable terms of living rather than Dubai. If you plan to live in Sharjah it will cost you around AED 4000 that will cover your rental, grocer, travelling & other expenses. This city appears to be a budget friendly option for individuals trying to attain comfortable living standards in UAE.