Top 10 reasons to invest in Sharjah real-estate

Sharjah, the cultural hub of the UAE, tends to live in the shadow of its more glamorous neighbors, Abu Dhabi and Dubai. But savvy investors are starting to appreciate the huge potential and special advantages to be found in the fast-emerging real estate sector of Sharjah. Sharjah, the cultural heart of the UAE, has emerged as a compelling destination for real estate investment.

With its strategic location, stable economy, and a host of attractive features, Sharjah offers numerous benefits for both local and international investors. Let's delve into the top 10 reasons why you should consider investing in Sharjah real estate:

1. Strategic & Great Position and Connectivity:

Sharjah has a very strategic location, being sandwiched between Dubai to the south and Ajman to the north, and having direct access to the Arabian Gulf. This favorable location provides effortless connectivity to leading economic centers, international airports (Sharjah International Airport being a key advantage), and primary transportation networks.

The highly developed road system facilitates smooth daily commutes to Dubai business districts and Abu Dhabi administrative areas, making Sharjah a desirable residential choice for workers in surrounding emirates. This strategic superiority means steady demand for rent homes from professionals and families looking for a relatively cheaper yet well-accessed residential area. The steady infrastructure development works further add to this accessibility, with the promise of long-term appreciation of property value.

2. High Value for Money and Great Affordability:

Sharjah real estate's relative affordability compared to Dubai and Abu Dhabi is perhaps the most persuasive reason to invest in it. Prices of property and rental rates in Sharjah are much lower, providing investors with a higher entry point and scope for greater returns on investment. None of this is at the expense of quality, as there is a variety of modern and well-serviced property in Sharjah ranging from large apartments and family villas to commercial units.

Investors are able to purchase larger houses or obtain greater rental returns for the same amount of capital invested than its more costly neighbors. This value proposition makes Sharjah highly desirable for first-time buyers and investors who aim to maximize their investment value.

3. Strong Rental Market and High Yields:

Sharjah has a healthy rental market fueled by a high number of expatriates, family consumers looking for an outward-looking community, and professionals employed in surrounding emirates but who value Sharjah's affordability and lifestyle.

This steady demand equates to strong rental yields for real estate investors, usually well above those possible in Dubai and Abu Dhabi. Locations such as Al Nahda, Al Taawun, and Muwaileh are highly favored by tenants, providing a consistent flow of rental income to property owners. The lower-than-average price of properties with high rental demand is the driving factor behind the increased net rental yields, favorably making Sharjah an attractive investment destination for generating returns.

4. Family-Oriented Community and Culture:

Sharjah is well known for its high focus on family culture, traditions, and education. The emirate provides a serene and community-based setting with several parks, green areas, educational facilities (such as the renowned American University of Sharjah), and family-focused amenities.

It is thus a popular residential option for families looking to provide a supportive and secure environment. Family-sized apartments and villas in established neighborhoods always command steady demand, generating stable rental revenues and long-term appreciation values for investors looking to target this segment.

5. Cultural Hub and Tourism Potential:

Sharjah is formally declared to be the cultural capital of the UAE with its rich heritage, museums, art galleries, historical landmarks, and cultural festivals year-round. This rich cultural landscape is where residents and tourists alike are drawn to, adding to the emirate's overall desirability.

The constant expansion of tourism infrastructure and attractions continues to boost Sharjah's investment attractiveness, especially in short-term rentals and hospitality. With Sharjah further marketing its cultural products, accommodation and ancillary services are projected to increase demand, providing new real estate investment opportunities.

6. Government Support and Sustainable Development:

The Sharjah government is actively encouraging sustainable development and incorporating measures to promote investment and improve the quality of life for its people. This involves investments in infrastructure, transportation, education, and healthcare.

The emphasis on providing a well-planned and eco-friendly urban setting plays a vital role in the long-term sustainability and viability of the real estate market. Government controls in place to safeguard tenants' and landlords' rights also help to increase investor confidence. The dedication to sustainable growth guarantees Sharjah will continue to be a desirable location to live and invest in the future.

7. Diversified Economy and Labour Market:

Although traditionally dependent on oil and gas, Sharjah has diversified its economy into industries including manufacturing, tourism, logistics, education, and health. This diversification provides a more stable and robust labour market, which is appealing to a broader scope of professionals and families to visit and reside in the emirate.

A robust and diversified economy supports the demand for residential and commercial real estate, giving real estate investment a firm foundation. Expansion in the non-oil sectors will continue to spur population growth and, by extension, real estate demand.

8. Upcoming Investment Hubs and Future Growth:

Whereas established neighborhoods such as Al Nahda and Al Taawun continue to be favored, Sharjah is also experiencing the rise of new investment hubs that hold massive potential for growth. Projects such as Aljada, Tilal City, and Sharjah Sustainable City provide contemporary infrastructure, cutting-edge designs, and appealing investment options in master-planned developments.

The projects are drawing both regional and international investors who aim for long-term capital appreciation and high returns on rentals. The continued expansion of these new zones holds the promise of massive returns for early investors.

9. Accessibility to Dubai and Spillover Effect:

Sharjah stands to gain a great deal due to its close proximity to Dubai, an international business and tourism center. With the real estate market in Dubai getting more crowded and costly, many people and companies are considering Sharjah as a cheaper option yet not lacking in easy access to Dubai's employment and entertainment opportunities.

This "spillover effect" from Dubai creates consistent demand for properties in Sharjah, particularly in areas bordering Dubai. The ease of commuting between the two emirates makes Sharjah an attractive residential base for those working in Dubai, further bolstering its rental market.

10. Cultural Heritage and Unique Identity:

Sharjah's distinct cultural identity and commitment to preserving its heritage set it apart from other emirates. This distinctive charm appeals to residents and tourists who are looking for a genuine Arabian experience. The focus on arts, culture, and education provides a distinctive lifestyle that is attractive to a particular demographic of the population, lending stability and attractiveness to its real estate market. Investments in property that captures Sharjah's cultural essence can present long-term value and attract a niche market.

Partner with a reliable real estate consultant

To maximize your investment returns in Sharjah's real estate market, consider partnering with a reputable real estate consulting company like Brighton to Burj. With their in-depth knowledge of the local market and a proven track record of success, they can provide invaluable guidance throughout your investment journey.

Brighton to Burj is a leading Sharjah real estate investment consulting company in the UAE, with over 15 years of experience. Their team of experts can assist you with:

• Property valuation and analysis

• Market research and trend analysis

• Property acquisition and due diligence

• Property management and maintenance

• Legal and financial advice

Rental management and tenant screening

By partnering with Brighton to Burj, you can navigate the complexities of the Sharjah real estate market with confidence and make informed investment decisions.

In conclusion, Sharjah's combination of stability, affordability, and strong rental demand makes it an attractive option for property investors. By carefully considering your investment goals and seeking expert advice, you can unlock the potential of this vibrant city and achieve significant returns on your investment.