Property For sale in Sharjah

Sharjah: Affordable Luxury and High-Yield Property Investments

Sharjah, the cultural capital of the UAE, is a top destination for property buyers and investors. It offers a unique blend of a family-friendly lifestyle, rich heritage, and modern living. With lower prices and high rental yields compared to neighboring emirates, it’s a smart choice for anyone looking to invest in real estate.

Top Property Types in Sharjah

Sharjah’s real estate market offers a wide range of options to suit every need and budget.

• Apartments: Apartments are the most common property type. You can get various sizes from studios to multi-bedroom units. They are a popular choice for young professionals, couples, and small families.
• Villas and Townhouses: For those who need more space, villas and townhouses are available, especially in the newer, master-planned communities. These properties are perfect for families seeking a private and spacious living environment.

Prime Locations to Buy Properties in Sharjah

Sharjah has several prime locations for property investment and residence. The emirate is developing rapidly, and many of these areas offer great potential for future appreciation.

• Al Mamsha Raseel: This is a modern, walkable neighborhood in the new area of Sharjah. It’s known for its walkable layout and modern villas.
• Sharjah Waterfront City: This is a sharjah project offering waterfront villas and apartments. The community offers a resort-style living.
• Masaar: A large project centered around eco-friendly living. It has a mix of living spaces in a nature-themed environment.
• Maryam Island: Located in the heart of Sharjah, this island neighborhood has a mix of residential and commercial properties with stunning views of the Arabian Gulf.
• Aljada: This thoughtfully designed community offers a complete lifestyle experience. It features residential properties, retail areas, educational institutions and leisure amenities. It’s the hub of modern city life.

Living in Sharjah: Why Invest in Sharjah?

Sharjah is a city of opportunity with a stable and growing real estate market.

• Affordability: Property prices in Sharjah are much lower than in other UAE cities. So, you do not need too much money to buy a property here.
• High Rental Yields: Demand for rentals is high, especially from people who work in Dubai, so strong rental returns.
• Strategic Location: Sharjah is between Dubai and the Northern Emirates so it’s a convenient and well connected hub.
• Investor Friendly Policies: Recent government initiatives have made property ownership for expats easier, with new laws allowing full freehold ownership in designated areas.

Advantages of Buying a Property in Sharjah

• Sharjah is tax-free. No property taxes, no income tax on rental income, no capital gains tax on property sales.
• It has a stable and diversified economy. That’s why it is a safe place for long-term investments.
• Sharjah is family-friendly, rich in culture and safe communities. So, you can have a good quality of life.
• Investing in a Sharjah property gives you a long-term residency visa

Popular Off-plan Projects Launched in Sharjah

Ready vs Off Plan Properties in Sharjah: Which is Better?

In Sharjah, you have two options: ready-to-move property and an off-plan property. But which is better? It depends on your investment goals.

• Ready Properties: These properties are ready to move in, which is Ideal if you want to earn immediate rental income or move in quickly.
• Off Plan Properties: Off-plan properties mean under-construction properties. They have flexible Sharjah properties for sale with a payment plan. If you have limited upfront cash, these properties are good options. They also have more potential for capital growth in future.

How to Buy Property in Sharjah

Buying a property in Sharjah is a straightforward process.

1. Research and Select: Find a property that suits your needs and budget.
2. Arrange Your Finances: Get financing if needed.
3. Sign the Sales Agreement: Both buyer and seller sign a Memorandum of Understanding (MOU) or Sales and Purchase Agreement (SPA).
4. No Objection Certificate (NOC): Obtain an NOC from the developer or relevant authority, confirming no objections to the sale.
5. Transfer Ownership: Pay and transfer the property at Sharjah Real Estate Registration Department (SRERD).
6. Title Deed Issuance: SRERD issues the title deed in your name.

What are the Charges for Buying Property in Sharjah

When buying a property you should budget for:

• Registration Fee: 2% of the purchase price to SRERD.
• Agency Commission: 2% of the purchase price to the real estate agent.
• Developer Administration/NOC Fee: Some developers charge NOC fee to approve the property transfer.

Along with the above charges, there are other charges to consider

• Maintenance Fees: For property upkeep and repairs.
• Service Charges: For shared amenities and utilities.
• VAT: 5% on applicable services.
• Property Insurance: Protects the property.
• Bank Processing Fees: Mortgage or loan processing fees.