- Areas for Buying Apartments
- Areas for Renting Apartments
- Areas for Buying Villas
- Areas for Renting Villas
Sharjah, the third-largest emirate in the UAE, continued to garner attention for its unique blend of cultural heritage and modern living. Just 30 kilometres away from the bustling metropolis, Sharjah has been a preferred residential destination for many who work in Dubai but look for an affordable lifestyle. To accommodate a growing population of tourists, visitors and residents, the emirate has boasted a range of well-planned communities offering diverse properties for sale and rent.
The Sharjah real estate market has witnessed notable growth in 2024, driven by major infrastructure projects like the expansion of the Sharjah Ring Road and public transport enhancements, improving connectivity within the emirate and with neighbouring regions. Additionally, the expansion of Sharjah International Airport is set to boost the real estate sector by attracting more expatriates and frequent travellers, increasing demand for residential properties near the airport. These upcoming developments have underscored Sharjah’s rising appeal in the UAE property market.
In 2024, Sharjah’s real estate sector has showcased remarkable growth, with transaction volumes rising by 47% in the first nine months compared to the same period in 2023. The transaction value has reached a value of AED 28 billion across 69,078 transactions. Investors from 114 nationalities have contributed to this surge, with UAE citizens leading the way, investing AED 13.7 billion across 22,908 properties.
According to the report, issued by the Sharjah Real Estate Registration Department, non-Emirati GCC citizens have also contributed AED 1.7 billion in investments. The Sharjah government has implemented reforms that enhance investor confidence, such as allowing expatriate residents to purchase property. This has made the market more attractive to both local and foreign investors.
Notably, sales transactions, usufruct agreements and preliminary contracts have reached 17,000, a significant jump from 11,000 the previous year, while real estate mortgages have totalled AED 7.5 billion through 3,229 transactions.
dubizzle’s Sharjah Annual Property Market Report 2024 delves into the sales and rental trend analysis, highlighting the emirate’s continued appeal to investors and tenants alike.
Here are some key highlights of the 2024 Sharjah real estate market report.
- Al Nahda, Muwaileh Commercial and Muwaileh have emerged as the most popular areas for apartment rentals in 2024.
- Muwaileh has seen the largest increase of 57.14% in the average annual rent for apartments, largely driven by the development of sought-after communities like Al Mamsha. The demand can also be attributed to the affordability and the range of amenities offered at budget-friendly rates.
- Al Khan, Muwaileh, Aljada, Al Nahda and Al Majaz have remained the most sought-after neighbourhood for purchasing apartments in Sharjah in 2024.
- Al Majaz has experienced the largest increase in apartment sales prices, with a rise of 25.60%. Meanwhile, Al Nahda has recorded the highest ROI of 7.51%.
- Al Jazzat, Al Sabkha and Hoshi have been the most favoured areas for renting villas in Sharjah in 2024.
- The average annual rent for villas in Sharjah has ranged between AED 57k and AED 136k in 2024.
- Tilal City, Al Rahmaniya and Muwaileh have continued to be the top choices for villa purchases.
To provide a detailed analysis, the 2024 Sharjah real estate market report has been divided into segments, with separate sections dedicated to apartments and villas for sale and rent in Sharjah.
Top Areas for Buying Apartments in Sharjah
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023 | STUDIO | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Al Khan | ROI 4.40% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| STUDIO
| 1-BED
| 2-BED
|
| Muwaileh | ROI 4.37% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| STUDIO
| 1-BED
| 2-BED
|
| Aljada | ROI 5.56% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| STUDIO
| 1-BED
| 2-BED
|
| Al Nahda (Sharjah) | ROI 7.51% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| STUDIO
| 1-BED
| 2-BED
|
| Al Majaz | ROI 5.12% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| STUDIO
| 1-BED
| 2-BED
|
Sharjah consists of a wide range of neighbourhoods, each offering unique amenities and lifestyles to cater to various preferences. According to dubizzle search trends, the following are the top areas for purchasing apartments in Sharjah in 2024:
Al Khan
Al Khan, a vibrant waterfront community, has emerged as the most popular area for purchasing apartments in Sharjah. This area offers stunning views of Khalid Lagoon and the Arabian Gulf, with many residential buildings featuring lagoon-facing apartments. Al Khan provides access to numerous attractions such as the Al Qasba Canal, Al Majaz Waterfront and the Sharjah Aquarium, making it ideal for both families and professionals.
Al Khan is also one of the popular areas to buy a 1-bedroom apartment in Sharjah. The apartments here have recorded an average sales price of AED 1.12M with an ROI of 4.40%.
- The price per square foot for apartments for sale in Al Khan has increased by 7.41%, reaching AED 935 in 2024.
- Likewise, the prices for studio, 1-bedroom and 2-bedroom apartments have risen by 10.03%, 28.41% and 19.61%, averaging AED 439k, AED 782k and AED 1.1M, respectively.
Muwaileh
Muwaileh has ranked second on the list of popular areas for buying apartments in Sharjah. It is strategically located along the border of Sharjah and Dubai near the Sheikh Mohammed Bin Zayed Road (E311). The community shares the proximity to major commercial areas, including City Centre Al Zahia.
The average sales price of apartments in Muwaileh has been AED 1.01M in 2024, with an estimated ROI of 4.37%.
- The average price per square foot for apartments in Muwaileh has been recorded at AED 982.
- Studio apartments have recorded an average price of AED 465k, while the prices of 1-bedroom and 2-bedroom apartments have averaged AED 714k and AED 1.21M, respectively.
Aljada
Aljada is one of Sharjah’s newest and most innovative developments, offering a modern living experience with a blend of residential, commercial and leisure spaces. Designed by renowned architects, it has quickly become a top choice for those seeking contemporary urban living.
In 2024, the average sales price of apartments in Aljada has increased by 23.22% compared to 2023, reaching AED 1.23M. The ROI in Aljada has been recorded at 5.56%. This impressive growth can be attributed to the presence of highly desirable communities such as East Village, Areej Apartments, Vida Residences and Sarab Community, known for their modern designs and premium living standards.
- The price per square foot apartments for sale in Aljada has averaged AED 1,083.
- Studio apartments have an average sales price of AED 390k, while 1-bedroom and 2-bedroom apartments have averaged AED 846k and AED 1.33M, respectively.
Following Aljada, Al Nahda has also ranked among the popular areas to buy apartments in Sharjah, offering an impressive ROI of 7.51% and an average sales price of AED 571k. Similarly, Al Majaz has also been a sought-after area, with apartments recording an average sales price of AED 839k and delivering an ROI of 5.12%.
Top Areas for Renting Apartments in Sharjah
POPULAR AREAS | STUDIO Avg. Yearly RentChange from 2023 | 1-BED Avg. Yearly RentChange from 2023 | 2-BED Avg. Yearly RentChange from 2023 |
|---|---|---|---|
| Al Nahda (Sharjah) | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
|
| Muwaileh Commercial | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
|
| Muwaileh | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
|
| Al Qasimia | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
|
| Al Taawun | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
|
Renting an apartment in Sharjah remains a cost-effective option, thanks to reasonable yearly rent across the emirate. Based on search trends on dubizzle, the most popular areas for rental apartments in Sharjah have included Al Nahda, Muwaileh Commercial, Muwaileh, Al Qasimia and Al Taawun.
Al Nahda
Al Nahda has topped the list of the most popular areas for renting apartments in Sharjah in 2024. Known for its strategic location near the Dubai-Sharjah border, Al Nahda is a prime choice for those who are required to travel or commute between the two emirates frequently.
The average annual rent in Al Nahda has risen by 23.33%, reaching AED 37k in 2024.
- Studio, 1-bedroom and 2-bedroom apartments have witnessed an uptick of 26.32%, 28% and 25% in average annual rent.
- The annual rent for studio apartments has averaged AED 24k, while for 1-bedroom apartments it has been AED 32k and the rent for 2-bedroom apartments has averaged AED 40k per year.
Muwaileh Commercial
Muwaileh Commercial is another popular area for renting apartments in Sharjah, especially for those seeking proximity to commercial hubs and major roadways.
The average annual rent for apartments in Muwaileh Commercial has been AED 30k.
- The rent for studio apartments has increased significantly by 25%, averaging AED 15k in 2024.
- Similarly, the rent for 1-bedroom and 2-bedroom apartments has risen by 16% and 13.51%, reaching AED 29k and AED 42k, respectively, for 2024.
Muwaileh
Muwaileh is quite popular for renting apartments in Sharjah, especially for those seeking proximity to commercial hubs. It offers great value for money, combining modern amenities with a strategic location that appeals to a wide range of residents.
- The average annual rent of apartments in Muwaileh has jumped from AED 21k to AED 33k.
- However, the annual rent of studio, 1 and 2-bedroom apartments averaged AED 23k, AED 36k and AED 48k, respectively.
Al Qasimia and Al Taawun have also ranked among the most popular areas for renting apartments in 2024. The average annual rent for flats in Al Qasimia has been AED 28k, while in Al Taawun, it has been AED 42k.
Top Areas for Buying Villas in Sharjah
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| Tilal City | ROI 5.02% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| 3-BED
| 4-BED
| 5-BED
|
| Al Rahmaniya | ROI 3.25% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| 3-BED
| 4-BED
| 5-BED
|
| Muwaileh | ROI 5.11% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| 3-BED
| 4-BED
| 5-BED
|
| Hoshi | ROI 5.24% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| 3-BED
| 4-BED
| 5-BED
|
| Al Tai | ROI 4.89% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2023
| 3-BED
| 4-BED
| 5-BED
|
Based on search trends on dubizzle, villas have remained a popular choice among property buyers in Sharjah, with prices showing an upward trend across various areas. Additionally, some areas offering villas for sale have become highly lucrative, delivering attractive returns on investment.
Tilal City
Tilal City has topped the list of the most popular areas to buy villas in Sharjah. This fully integrated community is one of the largest in the city, offering a variety of villas. The mixed-use development of Tilal City spans 25 million square feet and includes approximately 65,000 residential units.
In 2024, the average sales price of villas in Tilal City has been AED 3.83M, with an estimated ROI of 5.02%.
- The price per square foot of villas in Tilal City has risen from AED 903 in 2023 to AED 969 in 2024.
- The average price of 3-bed villas for sale in Tilal City has been AED 2.21M, while 4-bedroom and 5-bedroom villas have averaged AED 3.01M and AED 5.56M, respectively.
Al Rahmaniya
Al Rahmaniya, located near the Sharjah Equestrian and Racing Club and Sharjah National Park, is one of the top villa communities in Sharjah. It offers a peaceful suburban lifestyle, with easy access to both urban amenities and family-friendly surroundings.
Speaking of villas in Al Rahmaniya, the average sales price for villas has been calculated at AED 2.63M with an ROI of 3.25%.
- The price per square foot of villas for sale in Al Rahmaniya has been AED 902 after an increase of 18.65% from 2023.
- The sales price of 3-bed villas has averaged AED 2.19M, whereas, the sales prices of 4 and 5-bedroom villas has been recorded at AED 2.55M and AED 3.55M, respectively.
Muwaileh
Occupying the third spot on the list, Muwaileh has continued to be an in-demand destination for villa buyers in Sharjah. The community is located at a well-developed transport link, including easy access to Sheikh Mohammed Bin Zayed Road (E311).
Muwaileh offered villas at an average sales price of AED 2.92M with an ROI of 5.11%.
- The price per square foot price of villas in Muwaileh has increased by 19.29% making it AED 975 for 2024. This increase has been driven by the popularity of the Al Zahia community along with the available amenities.
- The prices of 3-bedroom villas have increased by 5.94%, averaging AED 2.18M. However, the average sales prices of 4- and 5-bedroom villas have dropped, averaging AED 2.64M and AED 4.39M, respectively.
Followed by Muwaileh, Hoshi and Al Tai have also emerged as the top areas to buy villas in Sharjah. Hoshi has offered an ROI of 5.24% in 2024 at an average sales price of AED 2.96M, whereas, the average sales price of Al Tai has been AED 2.61M with an ROI of 4.89%.
Top Areas for Renting Villas in Sharjah
POPULAR AREAS | 3-BED Avg. Yearly RentChange from 2023 | 4-BED Avg. Yearly RentChange from 2023 | 5-BED Avg. Yearly RentChange from 2023 |
|---|---|---|---|
| Al Jazzat | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
|
| Al Sabkha | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
|
| Hoshi | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
|
| Al Rahmaniya | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
|
| Al Tai | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
|
As per the dubizzle search trends, the rental market for villas in Sharjah in 2024 shows a mixed performance across various areas. Al Jazzat, Al Sabkha, Hoshi, Al Rahmaniya and Al Tai have turned out to be the most popular areas for renting villas in Sharjah. Let’s discuss each of them in detail.
Al Jazzat
Al Jazzat has emerged as one of the most popular areas for renting villas in Sharjah, offering a combination of spacious villas and a suburban environment. Al Jazzat is well-connected to the major roads, including Sheikh Mohammed Bin Zayed Road, providing a direct link to Dubai.
The average annual rent for villas in Al Jazzat has been calculated at AED 118k after a decrease of 4.84% from 2023.
- The annual rent for a 3-bed villa in Al Jazzat has increased by 11.29%, averaging AED 69k.
- The average rent for 4-bed villas in Al Jazzat has been AED 89k, while the yearly rent for 5-bed villas has averaged AED 151k per year.
Al Sabkha
Al Sabkha is a well-established neighbourhood offering affordable villas for rent in a convenient location. It’s known for being a family-friendly locale, with a good mix of residential and commercial units.
The yearly rent for villas in Al Sabkha has dropped by 5.26%, marking an average of AED 54k.
- The annual rent of 3-bedroom villas has been AED 45k, with a slight drop of 6.25%.
- The average per-annum rent for 4-bedroom villas has been AED 49k and AED 61k for 5-bedroom villas.
Hoshi
Hoshi is a growing residential area that offers a peaceful and more affordable environment for renters looking for villa options. Located near the Dubai – Sharjah border, Hoshi attracts renters who prefer a peaceful environment.
In 2024, the rent for villas in Hoshi has experienced a notable uptick of 16.8%, averaging AED 146k.
- Following the increase of 12.04%, the annual rent of 3-bedroom villas in Hoshi has averaged AED 121k.
- The recorded average rent of 4 and 5-bedroom villas has been AED 135k and AED 155k, respectively.
Tenants looking for villas in 2024 have shown a preference for Al Rahmaniya and Al Tai. The average annual rent for villas in Al Rahmaniya has been AED 136k, while in Al Tai, it has averaged AED 126k.
This concludes dubizzle’s Sharjah Property Market Report for 2024. The year’s price trend analysis highlights the remarkable positive growth of Sharjah’s real estate market. Investors seeking profitable opportunities can explore properties for sale in Sharjah and take advantage of the steadily increasing ROI. The rise in property prices is driven by ongoing infrastructure development, government initiatives and improved inter-emirate connectivity. To take advantage of this growth, explore a range of properties for sale in Sharjah and find the perfect investment opportunity. Furthermore, the rental properties in Sharjah also provide an upscale living experience with the necessary amenities.
Stay tuned to dubizzle’s property blog for more information on real estate trends.
Disclaimer: The trends mentioned in the Annual Sharjah Property Sales Report 2024 are based on dubizzle’s data. They may not fully reflect the actual trends of Sharjah’s real estate market.
