Sharjah is the hidden gem in the real estate market of the United Arab Emirates. Rich in cultural heritage and a thriving economy, Sharjah offers several investment opportunities at affordable prices and lower living costs. In 2023, the prices of Sharjah properties increased, positively impacting both the rental and sales prices of villas and apartments.
Sharjah is an attractive destination for buyers looking for affordable yet high-quality real estate. This real estate unit is located at a strategic location and has robust infrastructure which makes it a great choice for those looking to invest in property under 1 crore INR.
In this article, we will guide you to the best areas of Sharjah where you can invest money in properties, financing options, and tips for making a smart investment.
Why Invest in Sharjah?
Investment in Sharjah property offers several advantages to property buyers. It is emerging as a prime destination for real estate investment and is a perfect blend of tradition and modernity.
Strategic Location: One of the main reasons to invest in Sharjah’s real estate is its strategic location. It is located between Dubai and the northern emirates and is connected to major highways in the UAE and business hubs. It has well-connected road infrastructure and is in close proximity to international airports, which attract both businesses and residents who want to make investments.
Affordable Prices: Sharjah property prices are comparatively lower than neighboring emirates like Dubai. Because of its affordability factor, Sharjah attracts a diverse range of investors such as first-time buyers, families and businesses who are looking for rental income.
Low Cost of Living: Sharjah offers a low cost of living in comparison to Dubai and Abu Dhabi. This city provides low mortgage interest rates and reasonable monthly salaries which make it the perfect place to invest in. Groceries, transportation and other costs are relatively affordable, making a better environment for individuals and families to want to save money without compromising the quality.
No Property Taxes: Another reason why you should invest in Sharjah real estate is the no property tax. Yes, you heard it right. Sharjah charges zero property tax if you invest in their properties. This makes them different from other cities in the UAE. However, the fees and charges of property transfer and registration are applicable but are low in rates in comparison to other cities.
Best Areas to Buy Property Under 1CR in Sharjah
You can invest in a wide range of properties in Sharjah under 1 crore. It offers different spaces to invest in, such as apartments, townhouses, villas, residential plots etc. to choose from. It depends upon your budget and preference which you want to purchase. Let’s discuss the best areas where you can buy property under 1 crore in Sharjah:
Aljada:
Aljada is one of the most popular real estate areas for making investments in residential development. It is located near Sharjah Airport International Free Zone (SAIF) and University City. Aljada is the first real estate destination with freehold properties in the UAE.
This real estate unit offers a work-friendly environment, entertainment, retail and living standards that work best for a balanced life. This is the perfect area for investors who are looking to buy property under 1 crore with world-class amenities.
Property Options Under 1CR:
- Studio apartments: 250,000 – 400,000 AED
- 1-bedroom apartments: 400,000 – 600,000 AED
- 2-bedroom apartments: 650,000 – 900,000 AED
Amenities in Aljada
Aljada focuses on providing a better lifestyle with modern amenities and facilities that maintain balance in life. These amenities are:
- Best Schools and Mosques
- Hospitals and Clinics
- Outdoor Sports Facilities
- Library and Civil Defense Centers
- Hotels and Offices
If you invest in flats, you will be provided with all these amenities and more.
Tilal City:
Another development project to invest in Sharjah property is Tilal City. It is heaven for investors, which provides an excellent opportunity to buy leasehold land in Sharjah and build your property. Tilal is a mixed-use community spinning 25 million sq. ft. It is a first-ever master-planned community that is designed for conductive community living.
This city is divided into four divisions i.e. residential, commercial, entertainment and retail offerings. It offers affordable apartments and villas with well-planned facilities and amenities.
Property Options Under 1CR:
- 1-bedroom apartments: 350,000 – 500,000 AED
- 2-bedroom apartments: 500,000 – 850,000 AED
Amenities in Tilal City
This city is popular for its living and facilities, which attract a lot of investors to invest in Tilal city. It offers amenities:
- Parks & Green Spaces
- Shopping & Retail
- Schools & Education Centers
- Mosques & Places of Worship
- Fitness & Sports Facilities
- Restaurants & Cafes
- Community Centers
- And many more
AL MAMSHA:
After Tilal City, the next top area for property investment in Sharjah for foreigners is Al Mamsha. It is a mixed-use community city focusing on modern living with better lifestyle options.
This urban development provides a diverse range of leasehold apartments for sale at affordable rates. It offers unique architecture, retail spaces, and entertainment districts, attracting both local and foreign investors.
Property Options Under 1CR:
- Studio apartments: 300,000 – 450,000 AED
- 1-bedroom apartments: 450,000 – 650,000 AED
- 2-bedroom apartments: 700,000 – 950,000 AED
Amenities in AL MAMSHA:
Al Mamsha is located minutes away from the Sharjah International Airport, and it also has the benefit of being close to the University City, which houses the American University of Sharjah, Skyline University College, and other top universities in Sharjah. The amenities include:
- Swimming pools, high-tech gymnasiums
- Parks, playgrounds, and health club facilities
- Retail shops, cafes, and restaurants
- Proximity to educational institutions
Muwaileh
Muwaileh is a popular residential area in Sharjah, where you can find affordable housing options in a family-friendly environment. It is a peaceful and affordable community where you can access modern amenities with a diverse range of property options to invest in. It provides both residential and commercial spaces to make investments to suit investors’ different and unique needs and budgets.
Property Options Under 1CR:
- Studio apartments: 220,000 – 350,000 AED
- 1-bedroom apartments: 350,000 – 500,000 AED
- 2-bedroom apartments: 600,000 – 900,000 AED
Amenities in Muwaileh
Muwaileh Sharjah focuses on a comfortable lifestyle with modern amenities and facilities. These amenities are:
- Shopping Malls and Supermarkets
- Schools and Universities
- Healthcare Facilities
- Parks and Recreation
- Transportation and Accessibility
Al Khan:
Al Khan is a waterfront community that features affordable apartments in Sharjah. It is located near the Arabian Gulf and provides residents with breathtaking waterfront views. It is strategically located and well-connected to major highways in Dubai and other vital areas.
This area has major landmarks such as the Sharjah Expo Center and Aquarium. It is a complete residential package where you can enjoy various facilities such as shopping malls, recreational spaces, and many more.
Property Options Under 1CR:
- 1-bedroom apartments: 450,000 – 650,000 AED
- 2-bedroom apartments: 700,000 – 950,000 AED
Amenities in Al Khan:
- Churches, Temples and Mosques
- New City Centre Supermarket
- Schools and Colleges
- Clinics and Hospitals
- Shopping Malls, hotels and restaurants
- And many more.
Conclusion
Sharjah provides great investment opportunities to buy property under 1 crore for residence or rental income. It offers multiple affordable areas and a strong real estate market, attracting home buyers and investors.
Before investing in Sharjah property, you must carefully analyze the property with its legal framework and financing options. It has the potential for steady rental income and long-term value growth. However, if you are facing a problem finding the right property for investment under 1cr, we can help you. Contact us for expert advice to ensure your investments are profitable and rewarding.
