Popular areas to buy 1-bedroom apartments in Sharjah under AED 550k
Known as the cultural capital of the UAE, the emirate of Sharjah has always been a hub for affordable properties. With more unique residential projects being launched in the emirate, Sharjah’s real estate market draws a lot of attention from both buyers and investors. If you’re considering investing in 1-bedroom flats for sale in Sharjah, MyBayut shares the most popular areas to consider, where these properties are available for under AED 550k.
Popular with 1-BHK flats for sale in Sharjah under AED 550k
As per our data experts, the most popular area for 1-bedroom flats for sale in Sharjah is Al Khan. The community of Aljada follows comes in closely behind in second, followed by Al Nahda, Muwaileh and Al Majaz. According to Bayut and dubizzle’s annual Sharjah market report for 2020, the mentioned areas are also considered some of the most affordable in the emirate.
Al Khan
Al Khan is one of the prime waterfront communities in the emirate and features several residential buildings that face the creek. The neighbourhood is situated at the border between Sharjah and Dubai — making it ideal for prospective buyers who regularly commute between the two emirates. Aside from their proximity to Dubai, the community also features luxurious apartments that face the Al Khan Lagoon. There are also a few schools in Al Khan, like the Victoria International School, which offers an Australian curriculum.
The average price of 1-bed flats for sale in Al Khan is AED 547k, with an ROI of 3.3%. Interested buyers can look at these floor plans in Al Khan to better understand available layouts.
ALJADA
The off-plan development of Aljada, near Sharjah University City, has proven to be the second most popular for 1-bedroom flats for sale in Sharjah. Backed by Arada, Aljada promises to be a self-sufficient and self-contained community with all the amenities and attractions residents need.
Aljada has a large portfolio of Sharjah apartments for sale, with various sub-communities offering unique features. The apartments for sale in Aljada will have a contemporary style and will be accompanied by amenities such as gymnasiums, swimming pools, parks, malls, schools and hospitals. One of the sub-communities for apartment sales in Aljada is Nest, a purpose-built student accommodation complex with various facilities.
The prices to invest in Aljada 1-bedroom apartments for sale averages at AED 549k with an ROI of 3.1%. Interested buyers can check out Aljada floor plans for a closer look at these 1-bedroom flats for sale in Sharjah.
AL NAHDA
Known to offer some of Sharjah’s most affordable apartments, Al Nahda also ranks amongst the most popular sub-communities where prospective investors can purchase 1-BHK units. Apartments in Al Nahda are especially sought after due to the community’s proximity to Dubai. These apartments are popular with many who choose to live in Sharjah and work in Dubai.
Al Nahda provides a convenient lifestyle for residents with nurseries, well-known supermarket chains, shopping malls and parks — all of which are located within the area. Additionally, Al Nahda is well-connected, located just off Al Ittihad Road.
Looking for reasonably-priced 1-bedroom flats for sale in Sharjah? Potential investors should consider looking into the 1-bedroom apartments in Al Nahda, which cost an average of AED 412k. They also come with an average ROI of 6.1%, thereby proving to be lucrative investments.
Muwaileh
The community of Muwaileh is located on the emirate’s outskirts and close to Dubai. Another selling point is its proximity to Sheikh Mohammed Bin Zayed Road (E311). Additionally, its appeal to investors is also due to the availability of apartment sales. Furthermore, some of the best schools in Sharjah can also be found in Muwaileh. Examples include the Delta English School, which offers a CBSE curriculum.
Averaging at AED 537k with an ROI of 13.7%, the 1-bed apartments for sale in Muwaileh can be a steal for investors searching for affordable real estate in the Sharjah property market. Check out Muwaileh floor plans for more insight into apartment layouts.
AL MAJAZ
Next on our list of the best areas to buy 1-bedroom apartments in Sharjah is the vibrant neighbourhood of Al Majaz. This waterfront district is ideal for anyone looking to invest in centrally-located apartments in Sharjah for sale. The properties here have scenic views and have leisure amenities at hand.
These 1-bedroom flats for sale in Sharjah are in proximity to popular recreational and leisure destinations of Al Majaz Waterfront Park and Al Noor Island. The neighbourhood also has all the essentials in its vicinity, such as supermarkets, schools, hospitals and many popular eateries.
The average price to buy 1-bedroom apartments in Al Majaz is AED 328k. With an ROI of 8.9%, these units can be ideal for buyers searching for promising real estate investments in the city. Check out the available floor plans at Al Majaz for a closer look at the properties.
Frequently Asked Questions
Where else can I find affordable 1-BHK apartments for sale in Sharjah?
Aside from the aforementioned areas, potential investors can also look into several other communities for flats for sale in this configuration. These include Abu Shagara, Al Qasimia, Al Mamzar, Al Qasba and Al Taawun.
I have kids. What if I want to buy a larger apartment?
Those looking for more spacious accommodation should check out these buy 2-bed flats in Sharjah.
Can expats buy property in Sharjah?
There are indeed options for expatriates who want to invest in the Sharjah real estate market. For example, areas like Aljada are considered some of the best areas for expat property investments in Sharjah.
What is there to do in Sharjah?
Those who want to make the third-largest emirate their home can also indulge in the many available activities. Aside from a multitude of enlightening museums, Sharjah is also popular with visitors due to its awe-inspiring landscapes and seascapes. There’s no shortage of things to do in Sharjah.
That concludes our review of the most popular neighbourhoods with 1-bedroom flats for sale in Sharjah. Sharjah attracts many families due to its safe and secure environment. You can read up on the Sharjah residential areas for families, which are close to schools, parks, clinics and more.
For more updates on the real estate market in the United Arab Emirates, stay tuned to MyBayut.
