Why Investing in Sharjah is as Good as hitting the Jackpot!
Posted On:
08/11/2021
Why Investing in Sharjah is as Good as hitting the Jackpot!
A mega economic and trade hub in the United Arab Emirates (UAE), investing in Sharjah’s real estate market has never been more profitable.
Set alongside the northern border of Dubai, properties in Sharjah have been deemed as an ideal investment in terms of affordability, when compared with flashier counterparts in Dubai and Abu Dhabi.
Now let’s see why investing in Sharjah’s Real Estate is no less than hitting a jackpot!
If you are an Investor:
Since the year 2014, expatriates who hold a UAE resident visa are able to purchase a property in Sharjah under lease of up to 100 years.
As an investor looking for a steady rental income, investment in Sharjah becomes an excellent avenue. Over the years, the average return on investment in Sharjah has been 7%, in addition to providing a stable source of rental income. Proving Sharjah real estate markets have held strong even during the tumultuous pandemic.
If you are a home buyer:
The city of Sharjah is no longer just a trade hub or an economic centre, it has become an ideal abode for buyers and families who are looking for an economical housing option other than in Dubai.
The city is ideal for various reasons. First, it's light on your pocket. Second, the ease of connectivity and transport to Dubai (just 30 minutes) is encouraging. In addition, Sharjah does not fall back in providing leisure and progressive amenities. Right from schools to hospitals, parks and entertainment centres, there is everything in abundance, and of course at a cheaper price than Dubai.
Are you still waiting?
Investor or a Home Buyer, waiting longer is only costing you more. Across the world, investors have realised the potential of profit in Real estate in Sharjah. The evidence of which is the record number of deals Sharjah Real Estate Registration Department reported this year. The value of these real estate deals has jumped by more than 40% to be worth AED 12.2 billion ($3.3 billion) in the first six months of 2021.
With a large number of investors coming in, a growing population, and ever-increasing lifestyle amenities, investing in Sharjah is as good as hitting the jackpot, or maybe even better than that!
Looking for a property to buy or sell, or just looking for guidance?