Top areas for expats to buy a property in Sharjah
Sharjah is emerging as a prime destination for global real estate investors looking to own property in the UAE. The emirate offers an enticing array of real estate options for foreign investors, with numerous new developments launching across the city. As the UAE’s cultural capital, Sharjah is poised to meet the growing housing demand with sustainable and appealing community living concepts. Let’s delve into some of the most popular areas for foreign investors in Sharjah.
Can Foreigners Buy Property in Sharjah?
In 2014, the Government of Sharjah made landmark reforms to the real estate ownership laws pertaining to expat property investment. The initial amendments allowed non-GCC nationals to buy real estate in Sharjah as long as they had a valid residency visa. However, foreign investors could purchase only up to five properties in the several Sharjah freehold areas to invest for foreigners.
If you are wondering, “can foreigners buy property in Sharjah?”, the answer is yes they can after a law change in 2018. The new law made it possible for overseas investors to purchase real estate in Sharjah without a residency visa on leasehold basis.
Whereas in 2022, the government updated real estate laws which provided a clear pathway for inheritance rights linked to freehold areas in Sharjah for investors. While we can expect more changes in the future, currently, these are the most popular areas for foreign investors in Sharjah.
Popular Areas for Foreign Investors in Sharjah
If you’re an investor interested in buying properties for expats in Sharjah, you can choose from apartments, townhouses, villas, duplexes and even residential plots – depending on your budget, preferences and lifestyle. Foreign investors can consider apartments and villas for sale in Sharjah.
According to search trends on Bayut, these are the top areas for foreigners to invest in Sharjah.
Aljada
Counted among the most popular areas for foreign investors in Sharjah, Aljada is located near Sharjah Airport International Free Zone (SAIF) and University City. The area is the first real estate destination with freehold properties in the emirate.
Offering an ideal combination of work, entertainment, retail, recreation and living standards, this unique urban community has successfully attracted expat investment in Sharjah real estate.
PROPERTIES FOR SALE IN ALJADA
Promoting an active lifestyle, Aljada by Arada promises luxury living at affordable prices. The area offers different types of properties for expats in Sharjah. Choose from penthouses, townhouses, villas and high-end apartments.
- To buy a studio in Aljada, you can expect to pay an average cost of AED 407k.
- The average price to buy 1 and 2-bedroom apartments is AED 894k and AED 1.30M respectively.
- The 3-bedroom apartment for sale in Aljada has an average price of AED 1.98M.
- The ROI for apartments for sale in Aljada is 5.37%, making it one of the top areas for expats in Sharjah.
Browse Aljada floor plans to figure out which properties suit your requirements.
You can also get luxurious villas for sale in Aljada. These units range from 3 to 5 bedroom units.
- The average cost to buy 3-bedroom villas in Aljada is AED 2.03M.
- Larger 4-bedroom villas for sale in the area have an average asking price of AED 2.81M.
- Spacious and airy 5-bedroom villas have an average sale price of AED 3.33M.
- The ROI for villas in the area is 6.92%.
AMENITIES IN ALJADA
Aljada is designed for stress-free living with amenities and facilities that support this lifestyle. The area has schools, mosques, clinics, outdoor sports facilities, a library, a civil defence centre, a post office, and even hotels and offices as part of its premises. Those who buy a flat in Aljada can enjoy all these amenities and more.
TILAL CITY
Tilal City is an investors’ haven. This first-of-its-kind development provides you with a never-before opportunity to buy leasehold land in Sharjah and build your property.
This mixed-use development spanning 25 million sq. ft. is located on Emirates Road (E611). Tilal City is Sharjah’s first-ever master-planned community, designed for conducive community living.
Tilal City has four distinct divisions that include residential, commercial, entertainment and retail offerings. Hence, it is no surprise that Tilal City has become one of the most popular areas for expats to invest in Sharjah.
PROPERTIES IN TILAL CITY
You can find 1, 2 and 3-bed apartments for sale in Tilal City. The design of the apartments ensures the maximisation of space. Plus, the amenities on offer in the buildings will satisfy the entire family.
- The average cost of a 1-bed flats is AED 983k.
- On average, the asking price for a 3-bedroom villa for sale in Tilal City is 2.19M.
- The ROI for flats for sale is 4.94%.
Apart from the various flats, Tilal City offers a good range of villas for sale with an impressive ROI of 5.07%.
- The average cost to buy a 3-bedroom villa in Tilal City is AED 2.12M.
- For a 4-bed unit, the average price would go up to AED 3.49M and AED 5.13M for a 5-bed villa.
- The average price to buy a 6-bedroom home in Tilal City is AED 9.20M.
AMENITIES IN TILAL CITY
The popularity of an area in terms of living and investing is highly influenced by the facilities available in and around it. Like the areas mentioned above for foreigners to invest in Sharjah, the Tilal City master plan includes lifestyle amenities. You can find dedicated retail areas, including independent outlets and a mega-shopping mall.
AL MAMSHA
Next on our list of top areas for property investment in Sharjah for foreigners is the mixed-use community of Al Mamsha. It combines modern living with contemporary lifestyle options, such as leisure and retail.
Al Mamsha is a vibrant urban development offering a new range of leasehold apartments for sale in Sharjah.
The area also features unique architecture, retail spaces and entertainment districts, creating an attractive living environment.
- 2 BEDS
- |
- 3 BATHS
- |
- 2451 SQFT
- 1 BED
- |
- 2 BATHS
- |
- 727 SQFT
- 1 BED
- |
- 2 BATHS
- |
- 700 SQFT
When a foreigner asks experts where to invest in Sharjah, apartments for sale in Al Mamsha are often mentioned during the conversation.
PROPERTIES IN AL MAMSHA
Al Mamsha is one of the popular expat areas in Sharjah with properties for sale. It offers contemporary and high-quality residential choices. This community in Muwaileh is popular amongst families and bachelors. The community boasts leasehold luxury apartments in 1, 2 and 3-bed variations.
Studio apartments are also available in a variety of floor plans to meet the varying needs of Sharjah real estate customers.
If you want to invest in something bigger, Al Mamsha has 2 and 3-bedroom duplex apartments with gardens and private terraces as well.
- The average price of a studio in Al Mamsha is AED 473k.
- It rises to AED 718k when it comes to 1-bed flats.
- For larger 2 or 3-bed flats, you can expect to pay a minimum of AED 1.18M and AED 1.60M, respectively.
- The ROI for apartments for sale in Al Mamsha is 5.71%.
AMENITIES IN AL MAMSHA
Ideally located only minutes from the Sharjah International Airport, Al Mamsha in Muwaileh is one of the popular areas for foreign investors in Sharjah.
The project enjoys a prime location close to the University City that houses the American University of Sharjah, Skyline University College and other top universities in Sharjah.
While the location is excellent, the development itself offers wide-ranging communal amenities. Investing here provides access to retail outlets, entertainment centres, nurseries, schools and a kids’ play area.
Swimming pools, high-tech gymnasiums and health club facilities are also available. Even if you don’t choose to live here, there will still be a high demand to rent properties in Al Mamsha, thanks to these conveniences.
FAQS ABOUT EXPAT AREAS IN SHARJAH
WHICH ARE THE MOST POPULAR AREAS TO RENT FLATS IN SHARJAH FOR EXPATS?
Looking for a rental flat in the emirate? Here’s a list of the top buildings to rent flats in Sharjah.
WHICH ARE THE MOST POPULAR RESIDENTIAL AREAS FOR FAMILIES IN SHARJAH?
If you are looking for a family home, consider these top residential areas in Sharjah.
The changes in Sharjah’s legislation have opened up new possibilities for foreign investors. Similarly, top areas for foreign investors in Sharjah have seen a significant inflow of money and are likely to grow further in the future as the government introduces other law amendments. Make sure you have all the documents and contracts to buy property in Sharjah.
So, now you know the answer to the question, where to invest in Sharjah? If you do decide to invest and move in, here is a list of top movers and packers in Sharjah that can help you through the process.
To keep up with the market trends and real estate news in Sharjah and the rest of the UAE, stay tuned to MyBayut.
Leave a Reply
Hello there
This is Ahmed Sultan
Marketing executive in Tilal properties can I need to get in contact with anyone from your end about this article, as soon as possible, please.
Hi Ahmed,
You can reach out to our team on mybayut@bayut.com.
Thanks