Real Estate in Sharjah, the UAE
Last updated on Feb 06, 2023
Summary: The average cost of a nice 2 bedroom home in Sharjah, UAE is around AED 1,000,000 (USD 272,000). A nice 3 bedroom home in Sharjah is around AED 1,500,000 (USD 408,000). These properties typically include modern amenities such as air conditioning, fitted kitchen, and en-suite bathrooms. Foreigners are allowed to purchase property in Sharjah, however, there are certain restrictions. For example, foreigners are not allowed to purchase property in certain areas, such as the free zones. An expat should search for a home to buy in Sharjah by researching the different neighborhoods and areas, and then contacting a real estate agent to help them find the right property. The most desirable neighborhoods in Sharjah include Al Khan, Al Majaz, Al Qasimia, Al Taawun, Al Zahra, and Al Qasba. These areas are known for their modern amenities, excellent schools, and close proximity to the city center.
How do I find a place to live in Sharjah?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"The best way to find a place to live in Sharjah is to search online for rental listings. There are many websites that offer listings of apartments, villas, and other types of housing in the area. Additionally, you can contact a local real estate agent who can help you find a suitable place to live. You can also look for classified ads in local newspapers and magazines, or ask friends and family for recommendations," said one person in Sharjah.
What is a typical expat home or apartment like in Sharjah?
"Expat homes and apartments in Sharjah are typically modern and spacious, with large windows and balconies that offer stunning views of the city. Many of the apartments come with amenities such as air conditioning, swimming pools, gyms, and saunas. The apartments are usually located in secure, gated communities with 24-hour security, making them a safe and comfortable place to live. The city also offers a wide range of shopping, dining, and entertainment options, making it an ideal place for expats to live," said one person in Sharjah.
What is the average cost of housing in Sharjah?
If you are thinking about moving to Sharjah, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Sharjah varies depending on the area and type of property. Generally, the average cost of renting an apartment in Sharjah is around AED 3,000 to AED 8,000 per month, while the average cost of buying a property in Sharjah is around AED 1,000 to AED 2,000 per square foot," explained one person living in Sharjah, the UAE.
Should I buy or rent a home in Sharjah?
If you have not spent a lot of time in Sharjah, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"When deciding whether to buy or rent a home in Sharjah, it is important to consider your budget, lifestyle, and long-term plans. Buying a home in Sharjah can be a great investment, as property values tend to appreciate over time. However, it is important to factor in the cost of maintenance and repairs, as well as the cost of a down payment. Renting a home in Sharjah can be a more affordable option, and it can provide more flexibility if you are not sure how long you will be living in the area. Ultimately, the decision to buy or rent a home in Sharjah should be based on your individual needs and preferences," said one person in Sharjah.
What do I need to know when buying property in Sharjah?
When we asked expats what advice they would give a foreigner before buying a property in Sharjah, they said:
"1. It is important to research the area you are looking to buy in, as different areas have different rules and regulations. 2. Make sure you understand the legal process of buying property in Sharjah, including the registration process and any associated fees. 3. It is important to be aware of the different types of property available, such as villas, apartments, and commercial properties. 4. Make sure you understand the payment terms and conditions of the property you are looking to buy. 5. It is important to be aware of any restrictions or regulations that may apply to the property you are looking to buy. 6. Make sure you understand the tax implications of buying property in Sharjah. 7. It is important to be aware of any additional costs associated with buying property in Sharjah, such as maintenance fees and utility bills. 8. Make sure you understand the rental market in Sharjah, as this can affect the value of the property you are looking to buy. 9. It is important to be aware of any potential risks associated with buying property in Sharjah, such as political instability or natural disasters. 10. Make sure you understand the process of transferring ownership of the property, including any associated fees," said one expat in Sharjah.
Are foreigners allowed to own property in Sharjah?
When we asked expats what advice they would give a foreigner before buying a property in Sharjah, they said...
"Yes, foreigners are allowed to own property in Sharjah. The UAE government has implemented a law that allows foreign investors to purchase property in the country, provided they meet certain criteria. This includes obtaining a residency visa, having a valid passport, and having a valid bank account in the UAE. Additionally, the property must be registered in the name of the foreign investor, and the investor must have a valid title deed. The foreign investor must also pay the applicable taxes and fees associated with the purchase of the property," explained one person living in Sharjah, the UAE.
What appliances are typically included in a rental?
We asked foreigners in Sharjah what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In a rental property in Sharjah, tenants can typically expect to find a refrigerator, stove, oven, washing machine, and air conditioning unit. Additionally, some properties may include a dishwasher, microwave, and other small appliances," said one in Sharjah.
Additional Information about Searching for a Home in Sharjah:
We asked foreigners in Sharjah what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Sharjah by looking online for real estate websites that specialize in the area, such as Property Finder or Bayut. They can also contact local real estate agents who can provide more information about the area and help them find the perfect home. Additionally, expats can search for homes in Sharjah by attending open houses or visiting the area to get a better feel for the area and the homes available," said one foreigner living in Sharjah, the UAE.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.