Properties for sale in Sharjah

Real Estate Market Trends and Opportunities in Sharjah

Sharjah's real estate market has seen remarkable growth due to extensive infrastructure development, such as new residential and commercial projects, which enhance connectivity and urban living. Key factors driving property sales include affordable prices compared to neighbouring emirates, high-quality developments, and a family-friendly environment. Additionally, buying property in Sharjah can lead to long-term residency but does not grant a golden visa, as this benefit is currently exclusive to certain investments in Dubai and Abu Dhabi.

Detailed Insights on Buying a Property in Sharjah

Sharjah offers a diverse range of properties, from modern apartments to expansive villas and residential plots.

Top Residential Property Types

• Apartments: These are popular for small families and professionals, offering affordability and modern amenities.
• Villas: Ideal for larger families, villas provide privacy, spacious layouts, and luxurious features.
• Residential Plots: Suitable for custom-built homes, plots give buyers the flexibility to design their dream property.

Investing in Sharjah: Why Sharjah is the Right Choice?

Sharjah offers a thriving real estate market with affordable prices and excellent infrastructure, making it an ideal investment destination for both local and international buyers.

Investment Options to Consider

Focus on properties with high ROI, strong capital appreciation, and demand in the rental market.

Top Locations with High ROI in Sharjah

Sharjah boasts several prime locations delivering excellent returns on investment:

Apartments

• Ajmal Makan City: Premium waterfront apartments offering scenic views and modern amenities.
• Aljada: A vibrant community with contemporary apartments and excellent connectivity.
• Al Khan: Popular for its coastal apartments with stunning views and proximity to cultural hubs.
• Muwaileh: Affordable apartments in a family-friendly area near top schools.
• Al Majaz: Iconic waterfront apartments with easy access to retail and leisure facilities.

Villas

• Aljada: Luxurious villas in a master-planned community with green spaces and family-friendly features.
• Al Ramtha: Budget-friendly villas with spacious layouts and convenient access to amenities.
• Al Ghubaiba: Well-connected villas offering privacy and a peaceful residential atmosphere.
• Al Rifa: Elegant villas in a tranquil neighbourhood with modern facilities.
• Halwan Suburb: Villas in a serene area known for its community-centric lifestyle.

Freehold Areas to Consider for Expats

Freehold ownership in Sharjah provides expatriates full ownership rights. Key freehold areas include:

• Aljada: A thriving community with residential and commercial opportunities.
• Tilal City: A mixed-use development offering residential plots and modern infrastructure.
• Al Mamsha: A walkable community with contemporary properties and retail spaces.

Popular Off-Plan Projects Launched in Sharjah

Exciting off-plan projects in Sharjah include:

• Arim in Hayyan by Alef Group: Premium villas in a gated community with family-friendly amenities.
• Sarai in Masaar by Arada: Luxurious homes with innovative designs and a central location.
• Sequoia in Masaar by Arada: Exclusive residential villas set amidst lush landscapes.
• Saro in Masaar by Arada: Stylish Villas with flexible payment plans in a sought-after community.
• Al Thuraya Island in Ajmal Makan by Ajmal Makan Properties: A modern Community with top-tier amenities and stunning views.

Living in Sharjah: Why Sharjah is the Ideal Place to Call Home? 

Living in Sharjah means enjoying a blend of modern urban amenities and rich cultural heritage. Residents benefit from affordable housing, excellent schools, a family-friendly environment, and access to world-class healthcare. Sharjah’s commitment to sustainability and its robust public transport make it an attractive place for individuals and families alike.

All You Need to Know Before Buying a Property in Sharjah

Sharjah offers ready and off-plan properties catering to diverse needs. Ready properties are ideal for immediate occupancy, while off-plan properties offer lower upfront costs and flexible payment plans.

Advantages of Buying a Property in Sharjah

• Affordable pricing compared to neighbouring emirates.
• High rental yields.
• Strategic location with excellent connectivity.
• Growing freehold areas for expatriates.
• Robust legal framework for property transactions.
• Modern infrastructure and facilities.
• Family-friendly community offerings.

Ready Properties vs Off-Plan Properties

Ready properties provide immediate possession and reduce the risk of delays, while off-plan properties often cost less and allow buyers to customise.

Stages of Buying a Ready Property

1. Property Selection: Choose a property that matches your requirements.
2. Sales Agreement: Sign the agreement outlining terms and conditions.
3. Deposit Payment: Pay the required deposit to secure the property.
4. Ownership Transfer: Complete the payment and transfer ownership at Sharjah Municipality.

Stages of Buying an Off-Plan Property

1. Developer Research: Choose a reputable developer with a proven track record.
2. Property Selection: Identify and select a unit within the desired development.
3. Reservation Form: Sign a reservation form and pay the booking fee to secure the property.
4. Sales and Purchase Agreement (SPA): Formalise the purchase by signing the SPA, outlining terms and conditions.
5. Payment Plan Adherence: Follow the developer's scheduled payment plan during the construction phase.
6. Construction Updates: Regularly monitor the progress of the construction to stay informed.
7. Handover and Inspection: Inspect the completed property upon handover to ensure it meets expectations.
8. Final Payment and Title Deed Registration: Make the final payment and register the property with the Sharjah Real Estate Registration Department.

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

Ready Properties

• Immediate Occupancy: Move in or lease the property right after purchase.
• Tangible Inspection: Assess the property's actual condition and features before buying.
• Established Infrastructure: Benefit from existing amenities and developed surroundings.

Off-Plan Properties

• Lower Entry Price: Often available at prices below market rates for comparable ready properties.
• Flexible Payment Plans: Developers may offer instalment options during the construction phase.
• Potential Appreciation: Property values might increase upon project completion.

Procedure, Documentation & More

Process of Buying Property in Sharjah

1. Define Your Objectives: Determine your investment goals and property preferences, such as location, type, and budget.
2. Financial Preparation: Assess your financial capacity and explore mortgage options if financing is required.
3. Engage a Real Estate Agent: Collaborate with a licensed agent experienced in the Sharjah market to assist in property selection and negotiations.
4. Property Selection: Identify properties that align with your criteria and arrange viewings to assess suitability.
5. Offer and Negotiation: Present an offer to the seller and negotiate terms, including price, payment schedule, and any contingencies.
6. Memorandum of Understanding (MOU): Sign an MOU outlining the agreed terms and conditions between both parties.
7. Deposit Payment: Pay the agreed-upon deposit, typically held in escrow until completion.
8. No Objection Certificate (NOC): Obtain an NOC from the developer or relevant authority, confirming no objections to the sale.
9. Final Payment: Complete the remaining payment obligations as per the agreed schedule.
10. Ownership Transfer: Finalize the transfer at the Sharjah Real Estate Registration Department (SRERD) and receive the title deed.

Required Documents

1. Valid passport copy
2. Emirates ID (for residents)
3. Residence visa copy (for expatriates)
4. Proof of income or bank statements
5. Signed MOU
6. No Objection Certificate
7. Power of Attorney (if applicable)
8. Sales and Purchase Agreement (SPA)

Types of Ownership

• Freehold Ownership: Full ownership of the property and land indefinitely.
• Leasehold Ownership: Right to use the property for a fixed term, typically up to 99 years.

Freehold vs Leasehold

• Freehold: Provides complete ownership of the property and land.
• Leasehold: Grants usage rights for a set term, after which ownership reverts to the landlord.

Price Analysis, Extra Costs & Other Considerations

How to Evaluate Property Prices Before Buying a Property in Sharjah?

Bayut offers several tools to help buyers estimate property prices accurately. One of them is the trends section, which provides valuable insights into market dynamics by displaying average prices, rental yields, and the latest property trends across various locations. This feature enables buyers to make well-informed decisions by comparing properties and understanding the current market landscape.

What are the Fees for Buying Property in Sharjah?

When purchasing property in Sharjah, buyers should consider the following fees:

• Registration Fee: 2% of the property price.
• Agent Commission: 2% of the property price.
• Mortgage Registration Fee: Varies based on the mortgage value.
• Maintenance Fees: Covers property upkeep and repairs.
• Service Charges: For shared amenities and utilities.
• VAT: 5% on applicable services.
• Developer’s Fee: Depends on the property and developer.
• Title Deed Issuance Fee: Charged for official documentation.
• Property Insurance: Protects the property from risks.
• Bank Processing Fees: Includes mortgage or loan processing costs.

How to Obtain a Mortgage in Sharjah?

1. Select a Bank and Mortgage Plan: Research banks and choose a suitable mortgage product.
2. Document Preparation: Gather and submit all required documents.
3. Loan Approval: Wait for the bank to review and approve your loan application.
4. Sign the Mortgage Agreement: Complete legal formalities and sign the contract.
5. Register the Mortgage: Submit the agreement to the Sharjah Real Estate Registration Department for official registration.

FAQs about properties for sale in Sharjah

At what price range can I purchase real estate in Sharjah?

On Bayut, you can find Sharjah residential property listed within the price range of AED 220,000 to AED 1,200,000,000.

What are the prime locations in Sharjah to buy properties?

Consider the following locations to start your search:

• Muwaileh
• Tilal City
• Al Khan

What is the count of residential properties listed for sale in Sharjah?

The total count of Sharjah properties available for purchase on Bayut is 53,923.

What is the average asking price for real estate in Sharjah?

Based on the properties advertised on Bayut in the past 6 months, the average sale price in Sharjah is AED 2,318,789. Real estate prices can go higher or lower depending on the type, size, condition and location of the property.

Has the asking sale prices changed for properties available in Sharjah?

The average asking price for properties in Sharjah has witnessed a change of +1%. The change in prices over the past 6 months can be due to factors such as changing market dynamics, newer developments, etc.

Which reputable schools are in Sharjah?

If you are looking for top-rated schools in Sharjah, consider the following:

• Delhi Private School, Sharjah
• The American Gulf School
• Beaconhouse Al Khaleej International School
• Delta English School
• GEMS Millenium School Sharjah

What options are there for nurseries in Sharjah?

If you are looking for nurseries in Sharjah, check out the following:

• British Orchard Nursery
• Future International Nursery
• Happy Home Nursery

Which agencies are the most prominent in Sharjah for selling properties?

These are the prominent real estate agencies in Sharjah with a high number of properties listed on Bayut:

• K A Homes Properties
• Mtown Real Estate
• Keyspace Real Estate