Sharjah is one of the few Emirati states that is known for both historical significance and state-of-the-art modern infrastructure. It has a strategic location in the Arabian Gulf, making it a hub for regional and international trade. This beautiful city is also home to more than 1.275 million people.
The city is also known for various popular educational institutes and universities. Therefore, it is a popular choice for students all over the world. Apart from students, it also provides great tourist destinations for people visiting the country and investment opportunities.
The thriving Sharjah real estate market has been attracting investors for quite some time. From luxury flats to affordable units, the city offers a variety of properties that can help you enjoy long-term growth.
Likewise, the emirate is also a popular place for renters since there is a variety of apartments and villas available. Whether you are looking to rent a family home or looking for a property to invest in, Sharjah has something to offer everyone.
Brief Overview of the Property Sector in Sharjah
Currently, the property sector in Sharjah is seeing a rapid period of expansion and growth. There are different reasons for that growth, such as the increasing population of the United Arab Emirates and the strategic location of this city.
After Dubai, Sharjah is experiencing the second most rapid growth in its property sector. Though there were some concerns regarding its growth in the past couple of years, the market has bounced back after the pandemic.
The renewed growth is fueled by various factors such as a growing population, rising investment from foreign buyers, international recognition of the region after the Dubai Expo, and the Qatar World Cup. With amazing affordability and great future prospects, the Sharjah property market is an ideal opportunity for investors.
Why Should You Consider Investing in Sharjah’s Real Estate Market?
The real estate sector is seeing a rapid boom as investors are now catching on to the opportunities that can yield a good return on investments. You can now find a variety of properties for sale, such as villas, houses, apartments, office spaces, and much more.
Therefore, this might be the right time for you to make an investment in Sharjah’s real estate market to enjoy long-term growth. The primary reason for this growth is Sharjah’s strategic location. It is located near Abu Dhabi and Dubai, which are the most rapidly growing cities in the world.
So, you can have access to the two biggest markets in the country. Additionally, the amazing infrastructure and the transportation system are also driving the growth. Sharjah International Airport is becoming the busiest airport in the Middle East and is currently in expansion mode.
Besides that, the port of Khorfakkan is also going through an expansion phase so it can manage larger vessels. Lastly, the number of property development projects has also got investors interested in Sharjah. One of the most promising is the Maryam Island development, which is a luxury residential project.
How Can You Get Into the Sharjah Real Estate Market?
If you are looking to invest in Sharjah’s property sector, then there are a few things that you need to keep in mind. Firstly, the location you choose should have proper infrastructure and amenities nearby. You don’t want to travel a lot for finding schools, parks, hospitals, or shopping malls near you.
The location also plays a vital role in your property’s value since it will tend to increase at a faster rate if it has all the locations in that place. The next thing that you need to consider is the size and the type of apartment you want. You can find a single-bedroom apartment as well as five-bedroom duplexes.
Last but not least, you need to take other costs into account if you plan on furnishing the house. With some research and planning, you’ll be able to find the perfect apartment that is suitable for your preferences.
The property landscape in Sharjah is changing rapidly as more and more investors enter this market. It presents a great opportunity in recent times that will allow you to enjoy long-term growth. So, it is time you start planning your real investment strategy for Sharjah’s market.