Sharjah’s real estate market has attracted considerable interest from global investors in recent years. Sharjah, an emirate in the United Arab Emirates, is renowned for its abundant cultural history and advantageous geographical position. It has become an attractive choice for individuals looking to invest in real estate. The spike in interest can be ascribed to certain pivotal aspects that render the Sharjah property market exceedingly attractive to international investors.
The government’s proactive measures to improve the real estate sector are a key factor in attracting an increasing number of international investors to Sharjah. The implementation of freehold ownership for non-GCC nationals has had a significant impact, enabling foreign individuals to acquire real estate in specified regions. This action has created a wide range of real estate prospects in Sharjah, facilitating overseas purchasers in their ability to invest in and possess property.
Still, allocating funds to Sharjah real estate provides a distinctive combination of cost-effectiveness and substantial profits. Sharjah offers low pricing without compromising on quality, in contrast to its more renowned counterparts such as Dubai and Abu Dhabi. The Sharjah property market has become more appealing due to the Emirate’s emphasis on sustainable development and infrastructure enhancements. These advancements guarantee that investors can anticipate substantial growth in property values and rental yields in the long run.
The strategic positioning of Sharjah is a significant factor in attracting foreign investors to the city. Situated next to Dubai, Sharjah takes advantage of its close proximity to one of the most vibrant cities in the world, while still keeping its own unique personality and a more laid-back way of life. Sharjah’s equilibrium makes it a perfect option for individuals seeking to experience the advantages of both urban areas. The exceptional connectivity provided by major highways and the forthcoming expansion project of the Sharjah International Airport will improve accessibility, hence increasing convenience for international purchasers.
Besides, the wide variety of properties on offer accommodates various investing tastes. Sharjah offers a diverse range of real estate options for overseas purchasers, including high-end beachfront apartments and more economical home projects. This variety guarantees that investors can discover houses that correspond to their financial objectives and lifestyle choices.
Sharjah’s cultural and educational environment further enhances its attractiveness. The Emirate is widely recognized for its cultural festivals, museums, and educational institutions, providing a lively and intellectually stimulating atmosphere for its citizens. The cultural diversity of Sharjah not only appeals to tourists but also attracts long-term inhabitants, resulting in an increased demand for real estate investments in the city.
In due course, opting to invest in Sharjah real estate is progressively becoming a preferred option for global investors. Sharjah is an attractive place for real estate investments due to its advantageous investment policies, strategic positioning, wide range of property choices, and excellent potential for high profits. The Sharjah property market is undergoing continuous development and is expected to provide lucrative prospects for international investors seeking to take advantage of this rapidly growing sector.
In the first half of 2024, the Sharjah real estate market demonstrated significant growth. The total trading value of real estate transactions reached AED 18.2 billion, a 35.6% increase compared to the same period in 2023. This increase was driven by 10,809 sales transactions, a notable rise from the 6,592 transactions recorded in the first half of the previous year
The Sharjah Real Estate Registration Department’s semi-annual report highlights several key trends:
Sales Transactions: The city of Sharjah saw the highest number of sales transactions, totaling 4,932 across 109 areas. Muwailih Commercial Area led in both the number of sales and trading value. Residential properties and lands were the most frequently traded, with residential lands accounting for 1,994 transactions, followed by 1,454 residential apartments, and 788 residential built-in lands
Investment: UAE nationals were the largest investors, owning 17,390 properties worth AED 8.8 billion. Other significant investments came from Indian, Syrian, Iraqi, Egyptian, and Jordanian nationals. In total, 106 nationalities invested in Sharjah’s real estate market during this period
New Projects: Seven new real estate projects were launched, including residential complexes and mixed-use towers, covering a total area of 16.2 million square meters. Notable projects include the Anantara Sharjah Residences in Al Raffa and the Faradis Tower in Al Mamzar
Growth Factors: The surge in transactions is attributed to the emirate’s development projects, attractive investment environment, and the facilitation of property ownership for expatriates and GCC nationals. Additionally, government incentives and strategic urban development plans have played a crucial role in this growth
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