Guide to buying property in Sharjah

24 May 2018

Are you thinking about purchasing property in Sharjah - this will help you

If you've been thinking about purchasing property in Sharjah, you couldn't have picked a more incredible time to start looking. The world is changing, and with these changes come new possibilities. Sharjah offers a wide variety of real estate options for investors and expats alike. Whether you're interested in purchasing a property to rent out or you're considering moving to Sharjah permanently, you'll find you have many options available.

Choosing Sharjah

Sharjah is located close to Dubai and boasts a variety of amenities real-estate gurus are sure to love. There are many new developments in place, including Aljada: an all-inclusive community of its own that offers everything you need within arm's reach. Sharjah offers a wide variety of restaurants, museums, theaters, and educational options for adults who are searching for a new place to live. If you're more interested in the business side of real estate, you'll love knowing how many property choices there are in Sharjah. You'll be able to choose from villas, townhouses, and apartments. Each property has its own unique perks and benefits that make it stand out. For example, many properties come with a maid's bedroom and extra storage space. Others are located in central areas close to schools and parks. Perhaps the most appealing aspect of buying real estate in Sharjah is that because it is such an up-and-coming location, you'll be able to obtain a fantastic piece of property quickly. There are many new developments in place that offer sleek, modern properties.

Buying property in Sharjah

In 2014, the government opted to adjust regulations regarding real estate ownership in Sharjah. This move made it possible for all nationalities – not just Emiratis and Arab nationals – to purchase real estate in Sharjah and its surrounding areas. Sharjah is an incredibly appealing place to own property, partly due to its incredible community and partly due to its focus on the future. It's an up-and-coming city with an emphasis on creating sustainable and appealing places for locals and expats alike to enjoy. Before the adjustment in Sharjah's real estate policy took place, things were very different. Foreigners were not able to purchase property within Sharjah. Before the Sharjah Executive Council issued Resolution No 26 of 2014, only Emiratis and Arab nationals were able to purchase and own real estate. The new Resolution opens many doors for foreigners who want to buy real estate in the emirate. For example, the Resolution means that both GCC and non-GCC Arab nationals to purchase property in Sharjah. It's important to note, however, that non-GCC Arab nationals may only purchase up to five properties.

Owing to another recent change in the regulations, it is also now possible for overseas investors to buy property in Sharjah without a residency visa. Additionally, it's important to note that there are limitations within the city as to where non-Arab expats are able to purchase property, so make sure you refer to your real estate agent's guidance when it comes to selecting the area you'd like to purchase in.

Benefits of buying

If you've been considering a move to Sharjah, you may love knowing that you can have the freedom and flexibility that comes from owning your own property. If you want to live and work in Sharjah, owning property may help you feel like a deeper part of the community. Property ownership enables you to make any adjustments you want to your home, as well, without requesting the permission of a landlord. Additionally, if you ever decide to sell your property, you may be able to make a profit off of your investment. This is a selling point for many buyers who want to know they can make their money back.

For buyers who are interested in renting out properties, Sharjah also holds an incredible appeal. Due to the rising costs of working and living in Dubai, many expats and local residents reside in Sharjah, but commute each day. While the cost of renting in Sharjah is typically lower than Dubai, prices have stayed strong and rental properties are in demand. If you choose to purchase a property in order to rent it, note that you will need to register both your property and your tenant agreement with the Sharjah Real Estate Registration Department. Rent in Sharjah is at a fixed rate for the first three years. After that, you may raise the rental cost if you so choose.

Find the ideal property

If you're interested in buying a property in Sharjah, visit Aljada.com to discover how you can find an incredible home. Whether you want to reside in the house yourself or you'd like to lease it out, you'll find a wide variety of options available. You can choose from villas, townhouses, or even apartments designed with today's modern families in mind. Choose from multiple floor plans and spacious homes in order to find something ideal. Aljada isn't just a housing development: it's a community. This area features local amenities such as restaurants, schools, and theaters. Community gardens throughout Aljada bring comfort and an element of peace and serenity to the area. This community also has a huge emphasis on sustainable lifestyles, which makes Aljada the perfect choice for your future investment.