Properties in Sharjah

Off Plan Projects In Sharjah

This real estate market of Sharjah has scored more with numerous off plan projects under the ropes, catering to the ever-increasing diverse needs of clients. These include residential apartments, private villas and mixed-use developments located in specific areas like Aljada, Maryam Island, Tilal City, and Muwaileh. Off-plan properties refer to buying properties yet to be constructed, in turn giving buyers the best price and payment plan.

Important developments include Hayyan and Masaar for their concern over sustainable living through better green spaces and state-of-the-art amenities for life. Investing in off-plan projects will also allow the buyers to reap the future price appreciation of the asset and the ambition of a rapidly growing urban landscape in Sharjah.

Average Property Price In Sharjah

Sharjah’s property rates are cheaper than those in the neighboring emirates such as Dubai. The square foot price ranges from AED 600 to AED 830 depending on location and type of property. Villas in Sharjah cost, on an average, about AED 1.5 million for three-bedroom units. Lower rentals can be really taken up on apartments that are in proximity to significant locations like Al Mamsha or Muwaileh Commercial. This has made Sharjah a great choice for families and investors looking for high standard living at much lower costs.

ROI In Sharjah

Sharjah’s real estate market has a very impressive rental yield between 8% and 10%, higher than a lot of world markets. Together with the affordable price of property, there is strong demand for rental units, earning investors good returns. The increasing expatriate population in the emirate is also raising the demand for rentals, especially for mid-range apartments and villas. Sharjah reduces entry costs in comparison with Dubai with high rental yield and consequently remains an excellent investor location for real estate.