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Learn more about the Sharjah property market through trends and average prices.
Steeped in culture and heritage, Sharjah is the third biggest city in the UAE. With a transforming landscape coupled with galleries and museums which have made it a popular tourist destination.
Formerly the Cultural Capital of Islamic Culture, it is home to a wide variety of markets and stalls on the eastern side of the town. Stretching for around two kilometers, the main shopping artery can be found on Al Wadha Road providing artifacts and handcrafted goods. Don’t miss Sharjah’s Mleiha Archaeological Site and markets such as the Gold Souk showcasing the best of oriental architecture offering different types of goods. Souk Al Arash is the city’s first market dating back to the 20th Century where you can find numerous arts and crafts.
There is also a modern convention Centre that plays host to a wealth of events, trade fairs, exhibitions, and concerts. Expect first-class hospitality at Sharjah’s variety of luxury hotels and a majestic lakeside front is known as the Al Majaz Waterfront filled with modern amenities. Sharjah International Airport is located less than eight kilometers from the City Centre.
When searching for the best type of properties in Sharjah, it's essential to consider various factors such as location, budget, property size, and amenities. The vibrant city of Sharjah offers a diverse range of housing options that cater to different preferences and needs. Here we highlight some of the most popular property types in Sharjah:
1. Apartments: Apartments are the most sought-after property type in Sharjah, offering a wide array of options for both families and single professionals. With various sizes, styles, and price ranges, apartments in Sharjah cater to various budgets and needs. Popular areas for apartment living include Al Majaz, Al Khan, Al Taawun, and Al Nahda, which offer modern buildings, stunning waterfront views, and easy access to essential amenities.
2. Villas: For those looking for spacious living and privacy, villas in Sharjah provide an ideal option. Villas can be found in areas such as Al Tai, Muwaileh, and Barashi, which are renowned for their family-friendly communities and serene atmosphere. These properties often come with private gardens, dedicated parking, and a variety of sizes and designs, which can cater to both small and large families.
3. Townhouses: Townhouses combine the best of apartment and villa living, offering residents a comfortable and well-designed space, while often being more budget-friendly than standalone villas. Townhouses can be found in gated communities, providing residents with added security, shared amenities such as swimming pools and play areas, and a genuine sense of community. Popular areas for townhomes include Al Zahia, Nasma Residences, and Al Suyoh.
4. Residential Plots: For those looking to build their dream home from the ground up, residential plots in Sharjah offer the perfect opportunity. Areas such as Al Saja'a and Al Rahmaniyah are known for their availability of residential land, allowing potential buyers to design and construct a custom property according to their preferences and family needs.
Today, Sharjah is known for its focus on family-friendly living. Al Khan not to mention Al Nahda is becoming increasingly popular with a collection of mid-range properties available. The former enjoys a wealth of mid-range riverside rental properties and complexes.
The Al-Tawwun neighborhood is extremely attractive to families. Close to the leisure destination of Al Qasba, families can enjoy numerous restaurants, cafes and the iconic Eye of the Emirates Ferris wheel. Muwaileh has several budget-friendly property developments and is one of the most affordable areas to live in Sharjah. It is also less than 15 minutes from a plethora of schools and nurseries.
Nestled between Sharjah’s Mega Mall and King Faisal Mosque, Al Qasimia is another favored residential area offering plenty of schools within close proximity. Packed with supermarkets, retail stores, and dining choices, it is close to Ittihad Square Park which is a popular picnic haunt.
Home to many expats families, Al Nahda has a myriad of high-end residential developments in the city catering to investors searching for furnished and unfurnished properties. For cost-effective waterfront living, look no further than Al Majaz. Brimming with one and two bedroom apartments, it is one of the trendiest residential areas in Sharjah boasting a glorious riverside location on Khalid Lake. Situated in the heart of Sharjah, it houses several well-known brands, restaurants, and a concert hall.
Family orientated, Sharjah has a rich Islamic culture packed with stunning architecture and museums. This forward-thinking emirate has a broad selection of distractions such as the Central Souk filled with 600-plus stores and the Sharjah Museum of Islamic Civilization. Discover 150-plus species of fish at Sharjah’s Aquarium or explore Al Noor Island with an incredible 500 exotic butterflies and beautifully manicured gardens.
Enjoy family fun activities at Adventure Land with an indoor jungle gym, amusement style rides and go-karts whilst culture-vultures can uncover ancient Bedouin history at Mlehia. The Museum of Calligraphy is the only museum in the region dedicated to this particular art with many precious exhibits on display.
For animal enthusiasts, the Arabian Wildlife Centre is an expansive site accommodating 100-plus species. Opened in 1999, this zoo has an aviary with a vast number of creatures including cheetahs, wolves, deer, hyenas, and scorpions among others.
In the Emirate of Sharjah, the regulations surrounding property ownership differ from those in other parts of the United Arab Emirates. It is important to understand the distinctions in order to make informed decisions about property investment in this region.
In terms of freehold ownership, properties in Sharjah are generally not available for freehold ownership by non-GCC (Gulf Cooperation Council) nationals. Freehold ownership is primarily reserved for UAE and GCC nationals or UAE-established companies that are wholly or partially owned by GCC nationals.
However, the Emirate of Sharjah has introduced a long-term leasehold system to welcome foreign investment into its real estate sector. This system grants non-GCC nationals the right to lease properties for a period of up to 100 years. This leasehold ownership model enables expatriates and foreign investors to benefit from the city's thriving real estate market with a feeling of stability and long-term commitment.
The Sharjah government has designated specific areas for leasehold property development, including the Al Mamsha, Maryam Island, and Sharjah Waterfront City projects. These developments offer a diverse range of residential, commercial, and hospitality properties to suit various investment objectives.
It is essential to note that while leaseholders have the right to occupy and use the property as they wish, they do not possess the absolute ownership rights that freehold properties provide. The land on which the leasehold property is situated remains under the ownership of the original landowner.
To summarize, properties in Sharjah are generally not available for freehold ownership by non-GCC nationals. However, foreign investors can take advantage of the long-term leasehold system established by the Sharjah government, granting them the right to lease properties for up to 100 years. This system allows non-GCC nationals to engage in the Sharjah real estate market while ensuring a degree of security and long-term commitment.
As an authoritative voice in real estate, we understand that safety and security are the top priorities when considering purchasing a property. In regards to Sharjah, we are pleased to inform you that it is indeed a safe investment destination for potential property buyers. Located within the United Arab Emirates, Sharjah boasts a reputation for its commitment to cultural preservation and adherence to Emirati customs and traditions.
There are several factors that contribute to the safety and attractiveness of the real estate market in Sharjah.
Firstly, Sharjah's government actively promotes stability and security, resulting in low crime rates and a safe environment for residents and businesses alike. The emirate has a well-developed infrastructure, with efficient police force and emergency services that contribute to the overall safety and well-being of the community.
Secondly, Sharjah has seen steady economic growth, and its real estate sector is no exception. The government's investment in infrastructure projects and commitment to diversifying the economy has created an environment conducive to business and investment opportunities. Property prices in Sharjah are comparatively affordable, making it an attractive market for first-time buyers and seasoned investors.
Moreover, in 2014, the government relaxed the restrictions on property ownership, allowing non-Arab expatriates with UAE residency visas to own properties in certain designated areas. This progressive step has further enhanced the attractiveness of the Sharjah real estate market.
Lastly, Sharjah offers a wide range of real estate options, catering to various budgets and preferences. From luxurious villas to modern apartments, the property market in Sharjah is diverse and offers an excellent quality of life. Additionally, properties in the emirate are generally spacious and equipped with modern amenities, ensuring a comfortable living experience.
In conclusion, purchasing a property in Sharjah is a safe decision as it offers a secure and stable environment, affordable real estate options, and promising investment potential. However, we always recommend potential buyers to have a thorough understanding of the local market and seek professional guidance before finalizing any investment.