Where to find studio apartments for sale in Sharjah at under AED 300k
The emirate of Sharjah is generally known for its affordable housing and family-friendly living, but it’s equally popular among bachelors and young couples. The availability of affordable studio apartments for sale in Sharjah makes it an ideal real estate destination for working-class singletons in the emirate. And taking into account the favourable prices, buying a studio flat in Sharjah present excellent investment prospects for investors too. Here’s a list of the best areas to buy studios in Sharjah under AED 300k.
TOP 3 AREAS TO BUY STUDIO FLATS IN SHARJAH UNDER AED 300K
Those who wish to buy cheap studios in Sharjah, have a wide selection to choose from. Almost all of Sharjah’s popular neighbourhoods for apartment sales offer studio flats in varying sizes and floor plans.
For the most part, buying studio flats in Sharjah roughly costs between AED 200k and AED 660k. Depending on the areas you prefer, these prices tend to fluctuate. However, if you’re particularly in search of cheap studio apartments for sale in Sharjah, these areas offer excellent options within a AED 300k budget.
AREA | AVERAGE SALE PRICE |
|---|---|
AREA Aljada | AVERAGE SALE PRICE AED 281,175 |
AREA Al Nahda | AVERAGE SALE PRICE AED 291,111 |
AREA Al Qasimia | AVERAGE SALE PRICE AED 290,000 |
ALJADA
One of the best areas for foreigners to invest in Sharjah, Aljada is a unique urban community developed to provide a modern mix of entertainment, work, lifestyle, leisure and retail facilities. With part of it still under construction, this popular off-plan development in Sharjah has both residential towers and villa communities to offer residents. The most popular apartment complexes in Aljada are the East Village, MISK and Areej Apartments.
The upscale Aljada development is highly sought-after by investors who wish to buy apartments in Sharjah. Investors can buy studio apartments in Aljada for an average price of 281k. These may not be the cheapest studio flats in Sharjah, but they are newly constructed with most lifestyle amenities within easy reach, within the 300k budget. The convenience of lifestyle is one of the many reasons people prefer buying apartments in Aljada over other areas in the emirate.
AL NAHDA SHARJAH
Second, on our list of top areas with affordable studio apartments for sale in Sharjah, is Al Nahda. The best thing about this area is its location.
Al Nahda Sharjah is strategically located on the Dubai-Sharjah border, offering residents convenient access to the best of both worlds. The area comprises a variety of residential complexes, mostly inhabited by small families and professionals who work in Dubai. The area also offers proximity to schools, restaurants, malls and the Sheikh Zayed Road (E11).
Investors can find a good range of apartments for sale in Al Nahda, which are available in studio, 1, 2 and 3-bed configurations. Studio flats for sale in Al Nahda have an average price of AED 291k – just within our 300k benchmark for cheap studio apartments for sale in Sharjah. It is also one of the best areas to rent studio apartments in Sharjah for the same reason.
AL QASIMIA
Named after the Royal family of the emirate, Al Qasimia ranks third on our list of popular areas to buy studios in Sharjah under AED 300k. The area offers affordable, family-friendly living with lifestyle amenities and facilities within comfortable reach.
Al Qasimia is located close to notable landmarks like the Ittihad Park and the King Faisal Mosque. The Mega Mall is situated nearby and the district is home to several schools and education facilities, which makes it equally popular among families.
Apartments for sale in Al Qasimia come in studio, 1, 2 and 3-bed configurations. Studio flats for sale in Al Qasimia, Sharjah can be purchased for an average sale price of AED 290k.
FREQUENTLY ASKED QUESTIONS
WHAT ARE BEST RESIDENTIAL AREAS FOR FAMILIES IN SHARJAH?
The most popular family-friendly areas in Sharjah include Al Majaz, Al Nahda and Al Taawun.
HOW MUCH WILL THE CHEAPEST 2-BED FLAT IN SHARJAH COST ME?
Based on the (current at the time of writing) listing on Bayut, you can buy a 2-bed apartment in Sharjah for a minimum price of AED 280k.
WHAT ARE THE BEST AREAS TO BUY CHEAP STUDIO FLATS IN SHARJAH?
Other than the options to buy studios flat in Sharjah under 300k listed above, you can explore the properties in Muwaileh and Maryam Island areas with a slight increase in budget. Studios for sale in these neighbourhoods of Sharjah start around 325k and 350k respectively.
According to the Sharjah Market Report 2020, the sensitivity of the market has led to a more competitively priced supply of apartments for sale in Sharjah, making the conditions ideal for potential home buyers.
Given a lot of people choose to live in Sharjah and work in Dubai, there is always a demand for homes in the cultural capital of the country. Whether you’re buying apartments to live in or rent out, flats in Sharjah present lucrative investment prospects.
People in search of more affordable investment opportunities around the country should explore the top areas to buy studio flats in Dubai.
For more updates on the real estate market in Sharjah and the UAE, follow us on MyBayut.
