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What You Need to Know About Sharjah

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.

Types of Property in Sharjah

There are a number of different properties in Sharjah for real estate buyers, expats, and foreign investors. Choose from modern condos, apartments, and townhouses with some featuring private maid’s quarters. Less than half an hour by car to Dubai, it makes commuting for work extremely convenient with excellent transport connections.

Named among the top ten cities of the future, there are exclusive gated developments in Sharjah catering to overseas buyers including Aljada. Due for completion by the end of 2019, this all-inclusive condo community boasts sleek one to three bedroom apartments, penthouses, premium townhouses, and semi-detached villas. There is an extensive range of facilities which range from a swimming pool and business Centre to a dedicated entertainment hub, lush green spaces and easy access to an on-site retail area.

Considered to be one of the pioneering investment locations in the UAE, purchasing property in Sharjah has been made easier thanks to governmental changes. Since 2014, foreign investors can buy real estate in Sharjah as well as surrounding areas. Compared to Dubai, there is a growing demand for more affordable accommodation and rentals in this specific emirate attracting many local and foreign buyers.

Popular developments where investors can find several in-demand properties feature Al Tai as well as Al Khan and Muwaileh.

Popular Areas in Sharjah

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

Lifestyle in Sharjah

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.

Top 5 Reasons Why to Invest in Sharjah

  1. Healthcare—Sharjah is fast becoming a major worldwide medical tourism destination collating doctors, medical students, and esteemed practitioners. The healthcare industry is set to expand rapidly with an estimated value of $2.5 billion by the end of 2019.
  2. An alternative to Dubai—the principal attraction as to why there is more foreign interest in Sharjah is down to affordability compared to Dubai. Dependent on the development type, residential prices are around 30% less for a property configuration that is of a similar standard.
  3. Continual Expansion—Developments such as Aljada reinforce Sharjah’s growing property boom and the allure of premium quality first-time family homes. This $6.5 billion exclusive gated community will see 10,000 units constructed by 2025 with access to a plethora of services including five-star hotels, a hospital, four schools, a shopping boulevard, and tree-lined parks.
  4. Tourism Influx—a growing rise in tourism and traveler numbers has seen more than 12 million visitors fly to Sharjah Airport in 2018. Blending business and pleasure, Sharjah’s diverse mélange of stunning buildings, modern skyscrapers, malls, and cultural attractions make it a truly special city.
  5. Promising Rental Returns—alongside an emerging cityscape with growing demand for housing, foreign investors in Sharjah can expect net yields of between 8%-10%.