Sharjah offers a wide array of properties to buy in the following categories:
Apartments are available in many sought-after areas, including Aljada, Muwaileh, Maryam Island and Al Khan, just to name a few. There are studios and 1–5 bedroom residences within the Sharjah real estate market, with a 1-bedroom unit costing AED 280K (USD 76K). The living area of a one-bedroom apartment ranges from 200 to 3,500 sqft.
Villas can be found in Tilal City, Al Badie and Sharjah Sustainable City, among other coveted locations. The layout options vary between 2 bedrooms and 7+ bedrooms, priced at a minimum of AED 649K (USD 177K). The total living areas of these types of residences is between 1,800 and 35,000 sqft.
Townhouses for sale are nestled in Muwaileh Commercial, Aljada, Al Tal and other neighbourhoods, and have living areas ranging from 1,290 to 6,980 sqft. The 2–5 bedroom properties are on offer at an initial cost of AED 995K (USD 271K).
Land plots can be acquired in Al Heera, Al Zubair and Tilal City, among other sought-after addresses. The total land area varies between 2,510 and 20,550 sqft, and has a minimum price of AED 280K (USD 76K).
Whole building options are also available in Al Khan, Muwaileh, Al Majaz and more areas for a starting price of AED 525K (USD 143K). The size of these properties constitutes 2,500 to 35,000 sqft.
Penthouses are located in Al Majaz, Al Taawun, Muwaileh Commercial and many other attractive areas. Interested real estate buyers can choose from property sizes between 2,369 to 8,000 sqft. At the same time, the configurations have from 2 to 5 bedrooms, with a minimum cost of AED 900K (USD 245K).
Duplexes can be bought in prestigious areas such as Al Majaz and Al Khaz for AED 1.5M (USD 408K). The total area of these properties varies from 3,300 to 4,566 sqft, whereas the configurations boast 4 or 5 bedrooms.
Full floor units in Sharjah are located in Al Khan and Sharjah Industrial City, with a total living area of 16,000 to 20,000 sqft. The initial cost of this type of property amounts to AED 450K (USD 122K).
As well as all the above, one can consider acquiring commercial units, such as warehouses, offices, factories, shops, labour camps and retail spaces.
Some of the most popular areas in Sharjah are as follows:
Maryam Island by Eagle Hills is a first-of-its-kind waterfront development, nestled in the heart of Downtown Sharjah. Besides premium residential apartments, the island houses an abundance of retail outlets, 4–5 star hotels and fine dining restaurants. This flagship project caps the northwestern quadrant of the Al Khan Lagoon.
Conveniently situated between Sharjah and Dubai, Al Nahda houses various kinds of apartment units in high-rise towers. Occupants of this area can benefit from easy access to medical centers, supermarkets and entertainment venues and schools. This neighbourhood is quite popular among those who work in Dubai, but prefer to reside in Sharjah.
Muwaileh is a suburban area which comprises 3–7 floor buildings with budget-friendly properties. It is quite popular with families, since it has some of the most well-established schools in the emirate, such as the Delta English School and Brilliant International Private There is also an array of groceries that can be found, including Nesto Hypermarket and Al Mawal Supermarket.
Recognized by UNESCO as the Cultural Capital of the UAE in 1998, Sharjah is home to plenty of museums, galleries, archaeology sites and interactive edutainment options. In addition, there is Sharjah City Centre and Sharjah Mega Mall, which both offer the ultimate shopping experiences, and JCI-certified medical facilities – Al Qasimi Hospital, Al Zahra Hospital, Al Dhaid Hospital and 15 other medical establishments.
Not forgetting that some of the top schools in the UAE are also located in the emirate, and include Delta English Al Khaleej International Private School, Scholars International School, and American School of Creative Science. At the same time, sport enthusiasts will appreciate the Sharjah Shooting and Golf Club, the Sharjah Equestrian and Racing Club, a collection of world class cricket stadiums and a base for global water sports.
The cost of living in Sharjah is more affordable than some of the other more well-known emirates, which means that supermarkets, academic institutions and eateries are all a lot more affordable than in Dubai. Taking the above mentioned information into account, it is not surprising that Sharjah is in demand among families with children, who opt to reside in the serene environment with all the essential facilities right on their doorstep.
The most popular apartments in Sharjah are those with 1-bedroom configurations, priced at AED 550K on average. At the same time, villas in Sharjah average at approximately AED 1.8M, and a 2-bedroom townhouse costs about AED 900K. Those looking to buy an office, can expect to pay about AED 890K for 3,000 ft of space.
According to Bayut and dubizzle’s Sharjah real estate market report for H1 2022, the most popular areas for apartment acquisition were Al Khan, Al Majaz, Al Nahda, Al Taawun and Muwalleh. On the other hand, villas for sale were highly popular in Hoshi, Muwaileh, Al Tai and Al Gharayen.
Back in 2014, the Sharjah government decided to open up its real estate market to all expat residents, allowing them to purchase real estate in select areas on a 100-year lease basis. When the lease term expires, in theory, the unit is returned back to the landlord. Nevertheless, in reality this does not happen frequently, as by the time the lease years reduce down to zero, leaseholders will most likely have some legislation passed to increase the lease period by paying a specific amount. It is worth noting that currently freehold property in Sharjah is available exclusively to UAE and GCC nationals.
That being said, there are a large number of developments in Sharjah designated for foreigners, including Tilal City, which offers a unique opportunity to buy/lease land and build property within the emirate. All in all, the most in-demand investment properties in the emirate are 1-bedroom apartments and spacious family villas. These options are suitable for both short and long-term investment purposes, guaranteeing a high ROI and the opportunity to resell the unit at the higher price in the future.