Sign in
Sign up
Sharjah is one of the new sought-after UAE destinations for investment in apartments and villas. The emirate borders on Dubai, has access to the Persian and Oman Gulfs, and boasts excellent resort infrastructure and lower cost of living than in Dubai. The area is popular for both investing in real estate and comfortable living. Al Khan, Al Nahda and Muwaileh are among the most popular spots to buy a home in Sharjah.
Content:
Al Khan
Al Khan is a resort region located in the southern part of Sharjah, on the shores of the lagoon of the same name. The main attractions of the area are the Sharjah Aquarium, home to giant manta rays, and the Maritime Museum, where you can see traditional Arabian dhows. In addition, Al Khan houses the Al Arab Mall, a medical clinic, supermarkets, numerous beachfront cafes and restaurants.
The local 600-meter long sandy Al Khan Beach is one of the most popular coasts in Sharjah. There are sports grounds, a mobile library and various types of water activities, including kayaking, kite surfing, parasailing, and many other options.
Why is it profitable to buy apartments in Al Khan?
Al Khan is a promising area for buying a home in Sharjah. Among the main advantages of the location are:
- convenient location within 20 minutes’ drive from the center of Dubai;
- proximity to the best sandy beaches of the city;
- well-developed infrastructure with schools, medical facilities, shops, food outlets and much more in the area;
- high liquidity of housing thanks to the location by the sea;
- an opportunity to purchase an apartment or a house with a discount from the developer at the construction stage and pay for the property in instalments;
- in some new residential complexes there are freehold apartments, which means that foreigners can purchase real estate and be rightful owners.
Al Khan Housing Market Trends
Today new residential complexes are being erected in Al Khan. One of them is the beachfront community of Maryam Island. Here, nationals of other countries can buy freehold housing. The starting price of a studio apartment is AED 463,000 ($126,000), which is considerably cheaper than similar properties in Dubai.
Al Khan is located on the seafront, which makes it attractive for tourists and expats. This, in turn, opens up good prospects for investors who want to securely invest in real estate ensuring rental income.
The rent rates for a 1-bedroom apartment are AED 48,000 ($13,000). The return on investment for properties in Al Khan varies from 3.3% (for studio units) to 5.8% (for 4-bedroom apartments). As the emirate develops as a tourist center, housing prices are expected to rise.
Al Nahda
The small residential area of Al Nahda is located along the Sheikh Zayed Road, a major highway linking Sharjah and Dubai. An important part of the residential community is the central park with a football field, a basketball court, jogging tracks, children’s playgrounds and leisure areas. In addition, Al Nahda features the MK Sport complex, fitness clubs, several medical clinics, supermarkets, Al Nahda Gifts Center, IMall, schools and nurseries.
Al Nahda is known for its abundance of cafes and restaurants. Here you can find venues for any taste, including Indian and Chinese restaurants. Children will love Adventureland, an amusement park with jungle-themed rides, located on the edge of the area.
Al Nahda Property Market Trends
Real estate in Al Nahda with full ownership is sold to UAE nationals, while foreigners can buy leasehold property. Nevertheless, Al Nahda is attractive for investment thanks to affordable prices and good quality of residential complexes.
One can consider off-plan apartments at a bargain price from the developer. In addition, you can pay in interest-free installments. For example, in the Art Tower off-plan residential project, 1-bedroom apartments are sold at a price of AED 430,000 ($117,000). A similar move-in ready apartment in Sahara Tower 6 costs AED 550,000 ($150,000). The minimum rent rate for a 1-bedroom apartment is AED 22,000 ($6,000) per year.
Why buy property in Al Nahda?
Al Nahda is a 10-15-minute drive from the sea and 20 minutes from Downtown Dubai. This provides residents with convenient access to the beach and entertainment infrastructure of the neighboring Al Khan resort community. And if necessary, you can quickly get to Dubai, where large financial, business and shopping centers and popular attractions in the UAE are concentrated.
Al Nahda has a well-developed social infrastructure and an urban transport system, which makes the area a great option for a comfortable lifestyle. An important advantage of Al Nahda is the fact that despite the convenient location near the seacoast, the cost of modern real estate here is much lower than in new projects in Dubai. Also, rental rates for housing are lower, which attracts potential tenants to Al Nahda.
Investors can purchase buy-to-let housing in Al Nahda, as the ROI here is kept at a considerably high level. For example, 1-bedroom apartments have a yield of 6.1% per annum. 2- and 3-bedroom apartments bring in an average annual income of 5.8% and 5.2%, respectively.
Muwaileh
Muwaileh is a large community located in the outskirts of Sharjah, close to Sheikh Zayed Road and a 20-minute drive from Sharjah Beach. This quiet urban community is ideal for a family lifestyle. It is home to various educational institutions, including the prestigious private school GEMS Cambridge International. The region has a well-developed infrastructure. There are medical clinics, supermarkets, public parks, restaurants and cafes, and city bus transportation.
Muwaileh Property Market Trends
The Muwaileh real estate market has both move-in ready housing and off-plan projects, where prices are lower than for new apartments in Dubai. In some communities, foreigners are allowed to buy property.
For example, in the project of Al Mamsha, a 1-bedroom freehold apartment is for sale at a price of AED 620,000 ($169,000). In the gated community of Al Zahia, a 3-bedroom villa costs AED 1.7 million ($463,000).
Rental rates for housing in Muwaileh are also lower than for similar apartments and villas in Dubai. You can rent a 1-bedroom apartment in Al Mamsha at a price of AED 40,000 ($11,000) per year. The annual rent rate for a 3-bedroom villa is AED 110,000 ($30,000).
Why is it profitable to buy apartments and villas in Muwaileh?
The main advantage of buying property in Muwaileh is affordable prices together with top-quality housing. The area has a peaceful atmosphere of a countryside lifestyle, and most of the complexes are low-rise and mid-rise projects.
Muwaileh is popular with those who work in the nearby industrial areas. Investors can consider a buy-to-let apartment or a house, as affordable housing prices stimulate demand among tenants.
Investors who plan to invest in Muwaileh rental housing for a long term can expect an annual return of 2.2% to 2.7% for apartments and 5.3% to 5.9% for villas. 5-bedroom villas bring the maximum profit, and 3-bedroom apartments bring the minimum.
Sharjah as an emirate bordering Dubai and popular with expats, has top-notch residential complexes and a well-developed infrastructure. With affordable cost of housing, the city attracts investors and property hunters. Our website offers the latest deals, including houses and apartments for sale in such popular areas of Sharjah as Al Khan, Al Nahda, Muwaileh and others. With our search filters, you can sort property listings by price, number of bedrooms, type of property and choose the best option matching your requirements.
