As 2022 concluded on a positive note for the UAE real estate market, Sharjah’s real estate market has also shown prominent growth. The dubizzle Sharjah market report for 2022 presents an in-depth analysis of the annual sales and rental price trends observed in 2021.
Sharjah, the third largest Emirate in the UAE, has a vast array of properties with the amenities to make living convenient for everyone. Potential investors and tenants can find a range of apartments and villas in Sharjah.
For an accurate overview of the 2022 property rent and sale market, we have segmented the Sharjah annual market report into apartments and villas to buy and rent in the emirate.
It is important to note that the mentioned prices are subject to change as per the available amenities, location, the developer involved in the project and other key factors.
Top Areas for Buying Apartments in Sharjah
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021 | STUDIO | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Al Khan | ROI 3.31% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Al Majaz | ROI 5.96% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Al Nahda (Sharjah) | ROI 5.46% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Muwaileh | ROI 2.74% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
| Al Taawun | ROI 3.12% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| STUDIO
| 1-BED
| 2-BED
|
Following is our analysis of the top areas of buying apartments for sale in Sharjah for 2022.
The apartments for sale in Al Khan have been the top choice for buyers looking for an apartment in Sharjah in 2022. Al Khan is a waterfront community with the added advantage of short commutes to Dubai. Buyers can also find a range of mid to high-rise apartments and complexes in the area.
With an average sales price of AED 695k and ROI of 3.3%, Al Khan is one of the well-established residential areas in proximity to Majaz and Al Qasba waterfronts.
- The per-square-foot price of apartments in Al Khan in 2022 has increased by 0.5%.
- The asking price of studio apartments in 2022 have averaged at AED 379k, while the prices for 1-bed and 2-bed apartments have averaged at AED 544k and AED 839k, respectively. Also, the price for 3-bed flats increased and averaged at AED 1.22M.
Al Majaz has ranked second among the most searched areas for apartments for sale in Sharjah. With an average sales price of AED 676k and an ROI of 5.9%, it is one of the top family-friendly areas in Sharjah. Al Majaz is situated on the curve of Khalid Lagoon, boasting scenic views and plenty of spaces for outdoor activities.
As per the dubizzle’s Sharjah real estate market 2022 analysis:
- The average price-per-square-foot for apartments for sale in Al Majaz has increased by 6.3%.
- The average asking price for the apartments in Al Majaz has also increased and was recorded at AED 399k for studio flats, AED 335k for 1-bed flats and AED 574k for 2-bedroom apartments.
- The average asking price for 3-bed apartments for sale in Al Majaz increased from AED 812k in 2021 to AED 864k in 2022.
The next most searched area for apartment sales in Sharjah in 2022 has been Al Nahda. The area strategically lies between Sharjah and Dubai. With an average price of AED 583k and an ROI of 5.4%.
Al Nahda (Sharjah) is home to a famous sport-themed central park along with several reputable schools and public bus routes that run from the Al Nahda Metro Station Dubai.
- The average sales price-per-square-foot of apartments in Al Nahda decreased by 3.4% in 2022.
- The asking prices of apartments for sale in Al Nahda Sharjah have also dipped. The price of studio apartments has been averaged at AED 175k. However, the average price of 1-bed apartments in the area remained static at AED 422k.
- The average cost of 2-bed apartments for sale in Aljada decreased and averaged at AED 541k in 2022. The average sales price for 3-bed flats in Al Nahda has also decreased from AED 865k in 2021 to AED 800k in 2022.
Muwaileh has been the fourth most desirable area for buyers interested in buying apartments in Sharjah. The community lies close to the industrial areas of Sharjah, giving an advantage to investors to get more rental income.
According to our analysis, the sale price in 2022 has averaged at AED 787k with an ROI of 2.7%. Proximity to Sheikh Mohammed Bin Zayed Road (E311) is one of the main reasons for Muwaileh’s popularity.
- The per-square-foot price of apartments in the area witnessed a slight increase of 0.8% in 2022.
- The asking price for studio apartments has also increased and averaged at AED 380k. Whereas the average sales price for 1 and 2-bed flats in Muwaileh have increased and averaged at AED 586k and AED 948k, respectively.
- The price for 3-bedroom apartment has averaged at AED 1.37 M in 2022.
Al Taawun is the fifth most popular area among buyers interested in apartments in Sharjah. The area is situated along the curve of Al Mamzar Lake and Khalid Lagoon and offers exquisite views from waterfront apartments.
With an average price of AED 727k and an ROI of 3.1%, Al Taawun is famous for boasting bustling street life and healthy outdoor living. The area offers several medical, educational and entertainment facilities.
- In 2022, the average sales price-per-square-foot of apartments for sale in Al Taawun decreased by 9.4%.
- The average price for studio apartments in 2022 was stable at AED 355k, whereas the asking price of 1-bed flats averaged at AED 551k.
- The average prices for 2 and 3-bed flats in Taawun have averaged at AED 771k and AED 1.04M respectively.
Top Areas for Renting Apartments in Sharjah
We have analysed the annual and monthly rental change from 2022 to 2021 to provide insight into the average rental prices for apartments in Sharjah.
Apartments for Rent in Sharjah on a Yearly Basis
POPULAR AREAS | STUDIO Avg. Yearly RentChange from 2021 | 1-BED Avg. Yearly RentChange from 2021 | 2-BED Avg. Yearly RentChange from 2021 |
|---|---|---|---|
| Al Nahda (Sharjah) | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Muwaileh | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Muwailih Commercial | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Al Qasimia | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Al Majaz | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
According to the dubizzle Sharjah real estate market report for 2022, Al Nahda has emerged as the most searched area to rent apartments in 2022.
- With an overall price increase of 4%, the average rent for apartments in Al Nahda was AED 26k.
- The yearly rent of studio apartments in Al Nahda has averaged at AED 16k, whereas the annual rent for 2-bed flats has averaged at AED 29k.
Muwaileh has earned the second position with an average rental rate of AED 20k, with a decrease of 4.7%.
- Compared to the previous year, the annual rental for studio apartments in Muwaileh remained the same and has averaged at AED 12k.
- The rent of 2-bed apartments has also decreased and averaged at AED 32k in 2022.
Next, we have the Muwailih Commercial area, ranked third with an increase of 9.5% and an average rental cost of AED 23k.
- The rental price of studio apartments in Muwailih Commercial averaged at AED 12k and the average rent of 2-bed apartments has increased from AED 31k to AED 32k in 2022.
Al Qasimia has ranked fourth among the serached areas to rent apartments in Sharjah during 2022.
- This neighbourhood hasn’t experienced any change, with an average annual rent of AED 21k.
- The yearly rent for studio apartments in Al Qasimia averaged at AED 14k, while the 2-bed apartments have averaged at AED 24k in 2022.
Al Majaz has ranked fifth with an average rental cost of AED 34k annually.
- The average price of apartments decreased slightly by 5.5%.
- The rental cost of a studio averaged at AED 16k, and the yearly rent of 3-bed apartments averaged at AED 34k.
Apartments for Rent in Sharjah on Monthly Basis
As per the Sharjah property market report for 2022, with an average rent of AED 3,036, Al Nahda ranked on top among the apartments for rent on a monthly basis.
- The monthly rental of studio apartments in Al Nahda averaged at AED 2,699.
- Cost for renting 2-bed apartments averaged at AED 3,438. This is the monthly rental cost of an apartment in Al Nahda.
Muwailih Commercial ranked second with an average monthly rent of AED 2,335.
- The monthly rent for studio flats averaged at AED 1,552, decreasing by 14.6% from last year.
- The monthly rent of 2-bed apartments in Muwailih Commercial has averaged at AED 2,980 per month.
With an average rent of AED 2,936, Al Majaz ranked third among apartments for rent on a monthly basis.
- The monthly rental of studio apartments in Al Majaz has averaged at AED 4,500.
- The rent of 2-bed apartments averaged at AED 3,215, which decreased by 6.2% from last year.
Muwaileh ranked fourth among monthly rental flats with an average rental price of 2,053.
- Studio flats in Muwalieh were available in the area for as low as AED 1,530 per month and 2-bed flats were available for as high as AED 2,200 in 2022.
Al Taawun has ranked fifth with an average rental cost of AED 3,095 per month.
- The rental cost of a studio averaged at AED 3k, and the monthly rent of 2-bed apartments averaged at AED 3,225.
Top Areas for Buying Villas in Sharjah
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| Muwaileh | ROI 6.57% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Sharjah Sustainable City | ROI 4.75% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Al Tai | ROI 3.61% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Hoshi | ROI 2.93% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
| Al Rahmaniya | ROI 1.75% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2021
| 3-BED
| 4-BED
| 5-BED
|
Let’s look into our analysis of the top areas for buying villas for sale in Sharjah for 2022.
Located on the outskirts of Sharjah, Muwaileh also attracts those interested in buying villas in the Emirate. Here you can find spacious villas featuring outdoor gardens, state-of-the-art amenities, covered parking spaces and large living areas.
- With a projected ROI of 6.6% of ROI, the sales price of villas in Muwaileh has averaged at AED1.92M.
- The overall prices of villas in Al Reef have decreased by 8%.
- The costs to buy villas in the area averaged at AED 1.50M for 3-bed villas, AED 2.1M for 4-bedroom and AED 2.96M for 5-bed villas.
Next, we have the Sharjah Sustainable City in our list of top areas for buying villas in the Emirate. The area is a self-sustained mixed-use community featuring supermarkets, mosques, schools, universities and healthcare facilities.
With an average price of AED 2.04 M and an ROI of 4.7%, the area features a range of retail outlets and dining options.
- The per-square-foot price has increased by 7.1% from AED 658 to AED 705 in 2022.
- The 3-bedroom price in 2022 has been averaged at AED 1.67M.
- The price has averaged AED 2.13M for 4-bedroom and AED 2.72M for 5-bedroom villas.
As per the Sharjah market report for 2022, Al Tai has emerged as the third most popular area to buy villas in Sharjah. The residential area is also known as Al Tayy. The area is nestled at the intersection of two major roads - Emirates Road and Sharjah Kalba Road.
With an average price of AED 2.52 M and an ROI of 3.6%, the area Al Tai boasts several amenities such as mosques, retail shops and community parks.
- Contrary to last year, the prices of villas have increased by 9.3% in 2022.
- The asking price of 3-bedroom villas in Al Tai has been averaged at AED 1.74M.
- For 4 and 5-bedroom villas, buyers had paid an average price of AED 2.21M and AED 4.78M in 2022.
With an average price of AED 2.58M and an ROI of 2.9 %, Hoshi ranks fourth in the most searched areas for buying villas in Sharjah. The area is located near the Dubai – Sharjah border. The family-friendly area boasts a wide range of villas, ideal for large families.
- The average sales price-per-square of villas in Hoshi recorded a percentage change of 38.5% % in 2022.
- The asking prices of villas for sale have decreased. The price of 4-bed villas averaged at AED 1.92M in 2022 and the price for 4-bed villas averaged at AED 2.94M.
Al Rahmaniya also maintained its popularity among buyers and investors interested in buying villas in Sharjah.
With an average price of AED 1.68M and ROI of 1.7%, the family-friendly area is divided into 10 residential sub-communities
- In 2022, the per-square-foot price of apartments in the area decreased by 5.3%.
- The asking price of 3-bedroom villas has averaged at AED 1.35M.
- Investors interested in more bedrooms have spent an average of AED 1.82M for buying 4-bed villas and AED 2.62M for buying 5-bed villas in Al Rahmaniya.
Top Areas for Renting Villas in Sharjah
POPULAR AREAS | 3-BED Avg. Yearly RentChange from 2021 | 4-BED Avg. Yearly RentChange from 2021 | 5-BED Avg. Yearly RentChange from 2021 |
|---|---|---|---|
| Barashi | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Sharqan | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Al Jazzat | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Al Tai | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Al Ghafia | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||
As per our Sharjah rental market report for 2022, potential tenants looking for villas in Sharjah showed interest in Barashi in 2022.
- The monthly rent in the area has averaged at AED 104k.
- The price of a 3-bedroom villa has remained stable at AED 85k, while the cost of a 5-bed has increased by 8%, averaging at AED 141k.
Sharqan has ranked the second most popular area to rent villas in Sharjah, with an average rent of AED 105k.
- The monthly rent of 3-bed villas in Sharqan has increased from AED 76k to AED 88k in 2022.
- However, the cost of 5-bed villas has increased by 21% and the average rent recorded AED 113k.
Al Jazzat has emerged as the third most popular area to rent villas in Sharjah with an average monthly rent of AED 79k.
- The monthly rental of 3-bedroom villas in Al Jazzat has averaged at AED 52k.
- The rent of 5-bed villas averaged at AED 101k, which increased by 7.8% from last year.
With an average rent of AED 109k, Al Tai ranked fourth among the villas for rent in 2022.
- The monthly rental of 3-bed villas in Al Tai averaged at AED 83k, which increased by 8.7%.
- The rent of 5-bed villas averaged at AED 129k, which increased by 5% from last year.
Tenants looking for rental villas in Sharjah have also shown an interest in Al Ghafia with an average monthly rent of AED 44k.
- Compared to 2021, the average rent of 3-bedroom villas in Al Ghafia has decreased from AED 37k to AED 35k.
- The cost to rent 5-bed villas in Al Ghafia has averaged at AED 48k.
That brings us to the end of dubizzle’s Sharjah market report for 2022 To get a better idea and unrivaled statistical analysis take a look at our annual Dubai sales report 2022 and 2022 Dubai annual rental market report.
Stay tuned to the UAE's popular property blog for more in-depth real estate market analysis.
