Sharjah, a cultural and economic hub in the UAE, has become an increasingly attractive destination for expatriates looking to invest in real estate. With a growing market and a range of amenities, certain areas stand out as top choices for expats. Let’s explore the areas for expats to buy a property in Sharjah considering average property prices, return on investment (ROI), available amenities and why expats should consider them for property investment.
Popular Areas for Expats to Buy Property in Sharjah
A new law No. (2) of 2022 was issued as an amendment to Article no. 4 of law no. 5 of 2010, allowing expatriates of all nationalities to own property. The Sharjah Executive Council’s new laws aim to boost the real estate sector, attract foreign investors and ensure stability and growth. Expats can now enjoy complete ownership rights and usufruct for up to 100 years.
Also with the new property ownership rule in Sharjah, law No. (2) of 2022 amends previous regulations, granting property ownership to non-UAE nationals with the Ruler’s approval. Property owners must inform the Real Estate Registration Department of any changes, ensuring compliance with the updated laws.
Popular Areas for Expats to Buy Apartments in Sharjah
Here is the list of top areas to buy an apartment in Sharjah as an expat.
Disclaimer: The following popular areas are selected based on transactions done on the dubizzle platform. They do not reflect the actual real estate transactions governed by regulations in the Emirates.
Al Khan
Nestled along the Arabian Gulf, Al Khan provides residents with breathtaking waterfront views. Its strategic location ensures easy access to major highways, connecting seamlessly to Dubai and other vital areas. The area’s proximity to Sharjah International Airport further enhances its accessibility.
As per the dubizzle 2024 Sharjah Property Rent and Sales Market Report, Al Khan is one of the popular areas to buy apartments in Sharjah. The area is a complete residential package, featuring shopping malls like Al Qasba and Safeer Mall, various restaurants and recreational spaces. The presence of beaches adds a touch of leisure to the vibrant community.
The price of apartments for sale in Al Khan averaged AED 1.143M, offering 4.62% ROI. For expats seeking a harmonious blend of modern living, cultural experiences and seaside tranquillity, the community presents enticing prospects.
| APARTMENT TYPES | AVERAGE PRICE (AED) |
| STUDIO | 443,000 |
| 1-BEDROOM | 771,000 |
| 2-BEDROOM | 1,106,000 |
| 3-BEDROOM | 1,595,000 |
Muwaileh
The area is located in the central part of Sharjah. Muwaileh offers convenient access to major highways in the UAE such as Sheikh Mohammed Bin Zayed Road (E311), ensuring seamless connectivity. Its proximity to universities and schools makes it an educational hub, attracting families.
Muwaileh provides a range of amenities, including shopping centres, healthcare facilities and parks. Its focus on education is evident in the presence of academic institutions such as Brilliant International Private School and Delta English School.
The area stands out as a popular option for expats with apartments averaging AED 1.011M with an ROI of 4.62%. Despite a slightly lower ROI, Muwaileh’s family-friendly environment and educational focus make it an appealing prospect for expats looking for a balanced lifestyle.
| APARTMENT TYPES | AVERAGE PRICE (AED) |
| STUDIO | 474,000 |
| 1-BEDROOM | 719,000 |
| 2-BEDROOM | 1,185,000 |
| 3-BEDROOM | 1,594,000 |
Al Majaz
Al Majaz is centrally located, with convenient access to major roadways and bridges, fostering connectivity to neighbouring emirates. The Sharjah Investment and Development Authority launched the area on 28 March 2010. Its position along the Khalid Lagoon enhances its aesthetic appeal and provides a serene environment.
The area boasts a picturesque waterfront promenade, parks and cultural attractions like Al Majaz Amphitheatre. Expats can enjoy jogging tracks, children’s play area and numerous dining options, creating a lively and family-friendly atmosphere.
Expatriates can explore the real estate market in Al Majaz, where apartments come with an average price of AED 968,000 with a noteworthy ROI of 4.69%.
| APARTMENT TYPES | AVERAGE PRICE (AED) | ||
| STUDIO | 254,000 | ||
| 1-BEDROOM | 698,000 | ||
| 2-BEDROOM | 812,000 | ||
| 3-BEDROOM | 1,162,000 |
Al Nahda (Sharjah)
The strategic location of Al Nahda provides easy access to Dubai, making it an ideal choice for commuters. The area is well-connected with public transportation, ensuring seamless travel within Sharjah and beyond.
Al Nahda features shopping malls, schools and healthcare facilities, catering to residents’ everyday needs. The community atmosphere and parks enhance its residential appeal. The area offers a well-connected and budget-friendly investment opportunity for expats.
Moreover, expats looking to buy a flat in Al Nahda can invest an average amount of AED 597,000 and enjoy a 7.52% ROI.
| APARTMENT TYPES | AVERAGE PRICE (AED) |
| STUDIO | 222,000 |
| 1-BEDROOM | 408,000 |
| 2-BEDROOM | 587,000 |
| 3-BEDROOM | 992,000 |
Popular Areas for Expats to Buy Villas in Sharjah
For expatriates seeking the perfect blend of luxury and investment potential, Sharjah’s real estate market offers a variety of villas across different areas. Let’s explore some of the most popular areas, considering average villa prices, return on investment (ROI) and the unique characteristics that make each location stand out.
Tilal City
The area focuses on luxury living with upscale villas and a range of amenities. The community is designed to offer a sophisticated lifestyle, with recreational spaces and premium facilities. Villas for sale in Tilal City come with an average price of AED 4.04M, offering 5.02% ROI.
| VILLA TYPES | AVERAGE PRICE (AED) |
| 3-BEDROOM | 2,199,000 |
| 4-BEDROOM | 3,244,000 |
| 5-BEDROOM | 5,442,000 |
| 6-BEDROOM | 9,178,000 |
Muwaileh
Besides flats, the area is also popular for offering a luxurious lifestyle with spacious villas and a range of amenities. Muwaileh is also one of the top villa communities in Sharjah.
Villas for sale in Muwaileh boast an average price of AED 3.14M, providing an upscale living experience. With an impressive ROI of 5.23%, Muwaileh positions itself as a lucrative investment opportunity for expat buyers.
Muwaileh’s strategic location, upscale living options and promising ROI make it an ideal choice for expats seeking both comfort and financial growth.
| VILLA TYPES | AVERAGE PRICE (AED) |
| 3-BEDROOM | 2,322,000 |
| 4-BEDROOM | 2,737,000 |
| 5-BEDROOM | 4,410,000 |
| 6-BEDROOM | 5,907,000 |
Al Khan
Al Khan known among expats for buying apartments is also popular for its villas. Villas for sale in Al Khan have an average price of AED 6.7M, providing a comfortable living option. Moreover, with a modest ROI of 2.25%, Al Khan offers stability and accessibility for expats.
| VILLA TYPES | AVERAGE PRICE (AED) |
| 3-BEDROOM | 1,955,000 |
| 5-BEDROOM | 10,000,000 |
FAQs
Can expatriates of all nationalities own property in Sharjah?
Yes, Sharjah has recently opened its real estate market to expatriates of all nationalities, allowing them to own property.
What are the key changes in Sharjah’s property ownership laws for expatriates?
The new laws grant complete ownership rights to expatriates, allowing them to own property and enjoy usufruct for up to 100 years. The amendments aim to boost the real estate sector and attract foreign investors.
What are the popular areas to buy apartments in Sharjah for expats?
Al Khan, Al Majaz and Muwaileh are popular destinations to buy apartments in Sharjah for expats.
What are the popular areas to buy villas in Sharjah for expats?
Muwaileh, Sharjah Sustainable City and Aljada are considered popular areas to buy villas in Sharjah for expats.
Sharjah’s real estate market caters to diverse preferences, from upscale luxury to eco-friendly living. Whether it’s waterfront living, family-friendly environments or educational hubs, these residential properties for sale in Sharjah cater to different preferences.
Moreover, expatriates looking to invest in villas can explore these prime areas, each offering a unique combination of amenities, connectivity and investment potential. Considering these factors, expats can make informed decisions aligned with their lifestyle and financial goals in Sharjah’s dynamic real estate landscape.
Besides, you can also find a plethora of dubizzle Verified Properties at your convenience
Stay updated with dubizzle’s property blog for additional insights into the trending neighbourhoods to buy properties in Sharjah and other emirates.
