The Sharjah property market is enriched with diversified property portfolios & idyllic locations, making this city ideal for real estate investment. Despite being Dubai’s neighbor, Sharjah offers excellent infrastructure, lucrative investment opportunities & higher ROI – all at lower & reasonable prices. With the perfect blend of tradition & modernity, the city is determined to facilitate its investors with pocket-friendly living standards & promising future. Let’s check out why the Sharjah property market is thriving & attracting foreign investment in its landscape.
Recent transactions at Sharjah Real Estate
The Sharjah Real Estate Registration Department’s March 2024 report states that the properties for sale in Sharjah are still robust and active. 8.1 million square feet and 2,606 transactions valued at AED3.1 billion demonstrate how vibrant Sharjah City is, meeting the needs of the residential, commercial, industrial, and agricultural sectors for different types of real estate in UAE.
A sizeable amount—32.1% of the total—were sales transactions, suggesting a strong demand for real estate ownership in the Sharjah property market. Even though they are rarer, mortgage transactions demonstrate ongoing investor interest and add to the market’s overall stability.
Muwailih Commercial stands out as a central hub of the Sharjah property market, topping the amount of cash trades and transaction counts, highlighting its appeal to buyers and investors. There is also a noticeable amount of activity in other locations, such as Rawdat Al-Qart, Al-Khan, and Tilal, which reflects the diverse range of options available in Sharjah.
The Central and Eastern regions provide encouraging growth indicators, as seen by the large transaction volumes observed in Al-Madina Al-Qasimia and places such as Khor Fakkan and Kalba. This dispersed activity indicates that Sharjah’s real estate is becoming more appealing outside its traditional centres.
Sharjah Property Market Analysis
Sharjah Sales and Rental Property Market Report and the Q1 2024 numbers from the Sharjah Real Estate Registration Department show the market’s strong growth and durability. Positive trends in sales and rental rates are shown in both studies, indicating a thriving market with bright futures for investors.
Notable neighbourhoods popular with renters and buyers are Al Khan, Muwaileh, Al Tai, Al Jazzat, Al Nahda, and Al Qasimia. These neighbourhoods provide various real estate choices, from villas to apartments, to suit different tastes and price ranges.
Apartments for sale in Sharjah have been one of the most popular choices for purchasers, especially in coastal areas like Al Khan, where average costs are approximately AED 948,000, and the returns on investment (ROI) are remarkable at 3.51%. On the other hand, villas in prestigious neighbourhoods like Al Tai fetch high prices when they are up for sale. 5 bedroom homes typically sell for AED 5.84M, with a 3.4% expected return on investment.
According to the figures, real estate transactions have increased significantly in Q1 2024, totalling Dh10 billion, a stunning 67.1% rise over the same period the previous year. At 80.9% of all transactions, residential properties made up the majority, suggesting that the property market is still in demand.
With a trading area of 28.3 million square feet and 23,478 transactions overall, the Sharjah real estate market exhibits high activity and investor confidence. The significant rise in trade value and the corresponding increase in sales transactions highlight Sharjah’s appeal as a profitable location in the UAE’s ever-changing real estate market. Strategic investments in Sharjah’s real estate sector offer attractive chances for investors looking for long-term returns as the market changes.
Why Foreigners are investing in Sharjah Real Estate?
The reasons are vividly evident, and naming the Sharjah properties for sale in UAE is quite popular.
- Affordable prices: The Sharjah properties are available at comparatively lower prices, offering top-notch developments with modern & posh amenities
- Strategic location: the Sharjah properties enjoy an advantageous location in all of its areas. With Dubai in the neighbourhood, the city has the potential to attract & captivate Dubai’s resident’s attention.
- Economic Stability: Sharjah’s varied economy, which is supported by industries like trade, tourism, and manufacturing, guarantees economic stability and creates a safe atmosphere for real estate investment.
- Diversified housing solutions: from houses to villas, apartments & studios – this city never fails to provide buyers with the exact solution for living according to their preferences.
- Rapid Developments: Sharjah’s real estate investments have become more appealing due to ongoing infrastructure developments and sustainable urban development initiatives, guaranteeing long-term appreciation and demand.
