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Introduction: Why Sharjah?
Sharjah is known for its rich past and lively culture. However, it’s also becoming a hub for modern life and creativity. The future projects in Sharjah promise to mix heritage with technology, making it an attractive location for families, companies, and tourists. Imagine living in a neighborhood that offers both luxury and economy, surrounded by state-of-the-art infrastructure and leisure facilities. That’s the future Sharjah is building
Communities in Sharjah for Upcoming Projects
Sharjah is home to several gated neighborhoods that cater to different lives. These neighborhoods are built with families in mind, giving features that improve daily life.
Aljada: This huge private neighborhood by Arada is changing urban life. It features homes, working areas, and shopping shops, all built to meet the needs of families. Expect schools, parks, and leisure centers that make life easier and more fun.
Tilal City: This mixed-use development stresses ecology and neighborhood life. With a focus on eco-friendly practices, Tilal City offers a range of living choices, from flats to mansions. It’s a place where current amenities meet green life.
Masaar: Located in Tilal City, Masaar is another exciting project that focuses on building a lively neighborhood. It will feature parks, outdoor paths, and leisure places that support a healthy living.
These communities are just the beginning. Sharjah is growing quickly, and there are many more projects on the way.
Upcoming Infrastructure and Transportation
As Sharjah grows, so does its need for efficient facilities and transportation. The country is spending greatly on projects that will improve connection and ease of movement.
Sky Pod Sharjah: This new transportation method will allow people to move at speeds of up to 120 km/h. Covering 2.4 km, the Sky Pods will run above major roads, lowering traffic jams and saving land for green areas. This project is about 80% complete and is expected to change public travel in Sharjah.
Sharjah Ring Road Expansion: This project aims to improve traffic flow by connecting Sharjah with major roads. Expect reduced journey times and easy access to nearby emirates.
Sharjah International Airport development: With plans to raise capacity, this development will improve Sharjah’s place as a key flight hub. The terminal's growth will increase the airport's capability to 20 million people yearly, Wam stated. More flights mean more connection for locals and tourists alike.
These building projects are important for supporting Sharjah’s growth and ensuring that it stays a safe and approachable city.
Upcoming Entertainment and Tourism Projects
Sharjah is not just about living and business projects; it’s also focused on nightlife and tourists. The emirate aims to draw tourists with unique adventures and sites.
Kalba Eco-tourism Project: This project aims to turn Kalba into a healthy tourist location. It will feature upscale resorts, nature areas, and outdoor activities like hikes and fishing.
Moon Shard Project: Nestled in the Sharjah Mountains, this crescent-shaped building will include a luxury hotel and leisure facilities. It claims to offer stunning views and a unique experience for tourists.
Cultural and Arts Projects: Sharjah is known for its cultural history. Upcoming projects will include art galleries, museums, and cultural centers that celebrate the emirate’s rich past and promote local artists.
These entertainment and tourism projects will not only boost the local economy but also enhance Sharjah’s reputation as a vibrant cultural hub.
Upcoming Residential Projects in Sharjah
Al Walid Tower by Tiger Properties
A flagship development situated in the heart of Sharjah Al Walid Tower stands out for its strategic location, opulent interiors and state-of-the-art amenities. Developed by renowned developer Tiger Properties , Al Walid Tower will have studio apartments and 1, 2 4 bedroom units. Residents can enjoy stunning city views.
Al Mamsha Souks by Alef Group
This mixed-use project by Alef Group combines residential apartments with dining, entertainment and shopping options. Apartments at Al Mamsha Souks come in studio, 1 and 2-bedroom configurations. The development is located in the Muwaileh district, close to malls, hospitals, parks and the University City campus.
Orchid Plots at Al Zahia by Sharjah Holding
This unique development offers land plots for buyers to custom-build dream villas. Orchid Plots are part of Al Zahia community by Sharjah Holding. With plot sizes ranging from 5000 sq.ft to 12000 sq.ft, buyers can design 4 to 8-bedroom villas as per their requirements.
Nama 3 by Alef Group
Nama 3 forms part of Al Mamsha Raseel project by Alef Group in Muwaileh. It offers 1, 2 and 3-bedroom apartments. Sizes range from compact 666 sq.ft 1 bedroom units to 1828 sq.ft 3 bedroom homes. It conveys a timeless elegance. Nama 3 is located close to major highways and industrial areas.
Current Market Trends: Growth and Opportunities
Sharjah's real estate market is encouraging. The volume of property transactions in the first half of 2024 surged considerably compared to the same period of previous years, reflecting the increasing interest being shown in the emirate.
Wide Choice for Investment: From off-plan projects to completed properties, Sharjah offers wide choices for investment. More specifically, off-plan projects tend to be extremely popular, having an element of high return on investment.
Affordable Housing: It is well-recognized for pocket-friendly housing, therefore becoming the most sought-after destination for families and young professionals alike. This emirate's commitment to quality living at reasonable pricing definitely makes it stand apart from other markets.
Sustainable Development: Investors are increasingly looking toward eco-friendly developments. Sharjah being keen on sustainability in its upcoming projects definitely lines up with global trends, hence making it a smart choice for future investment.
Here is a current market performance in H1 2024
| Month | Trading Volume (AED) | Trading Volume (AED) | Sales Transactions (%) | Mortgage Transactions (%) |
|---|---|---|---|---|
| January | 3.9 billion | 5,412 | 16.3 | 5.3 |
| February | 3.1 billion | 4,458 | 23.5 | 8.0 |
| March | 3.1 billion | 2,606 | 32.1 | 12.8 |
| April | 1.7 billion | 1,632 | 35.5 | 12.1 |
| May | 4.0 billion | 9,454 | 13.2 | 6.1 |
Why Invest in Sharjah's Upcoming Projects?
There are many reasons to invest in Sharjah's upcoming projects. Here are some of the key reason
- Affordability - Property prices are generally more reasonable compared to nearby Dubai. Allows higher rental returns.
- Strategic Location - Easy travel to Dubai and Northern Emirates. Located near airports, ports and road networks.
- High Growth - With new projects and facilities, Sharjah's business and people are growing quickly.
- Strong returns - Gross renting returns of 5-8% can be achieved, especially on villas and cottages in community projects.
- Lifestyle - Sharjah gives a healthy lifestyle with fun, education, healthcare and other services.
- Stability - Prices and demand are generally more stable compared to chaotic Dubai. Lower risk profile.
Key Amenities You Can Expect from Sharjah's Upcoming Projects
When considering future projects in Sharjah, expect a range of features meant to improve your lifestyle:
- Modern Facilities: Expect state-of-the-art gyms, swimming pools, and community centers that cater to residents’ needs.
- Green Spaces: Many buildings will include parks and leisure places, supporting a healthy and busy lifestyle.
- Retail and eating Options: Enjoy a range of shopping and eating experiences within your neighbourhood, making life easy and pleasant.
- Educational Institutions: Access to great schools and educational centres is a goal, ensuring that families have everything they need.
- Healthcare Services: Upcoming projects will also focus on offering easy access to healthcare services, ensuring residents' well-being.
What Should You Consider When Investing in New Sharjah Developments?
If you are looking to invest in future projects in Sharjah, here are some tips:
- Do in-depth due research on creator name and track record of completing projects on time Ensure the project has all approvals in place before investing funds.
- Research the place carefully and go for established and emerging areas with good connectivity
- Analyze current sales and hiring trends in the area to gauge demand drivers
- Study the project plan and unit mix. Opt for small unit types seeing high renter demand Evaluate the perks and facilities. Well-designed projects will have higher usage and repeat rates
- Consider getting pre-launch prices for under-construction projects to maximize financial gains
- Select areas meeting your goal renter type - students, workers, families etc Partner with a reliable rental agent ahead of completion to ensure smooth leasing and tenant sourcing
- Doing thorough study and making measured investments will help maximize your gains in new Sharjah developments.
Conclusion: A Future Full of Possibilities
With new big projects across residential, business and tourist areas, Sharjah's real estate market is ready for strong growth in the coming years. The upcoming changes provide beneficial investing choices for end-users and buyers. By making informed choices backed by in-depth research, you can capitalize on Sharjah's future potential. The right advice from experts will further help you avoid mistakes and find rich opportunities. While choosing new projects, assess your goals, income, and risk appetite to make profitable investments in one of UAE's most promising markets.
