The real estate market in UAE has always been a top-discussed matter among investors. Dubai was the most prominent choice, but nowadays, other cities, especially Sharjah, are gaining popularity too. In short, Sharjah is in the midst of a significant upswing for investors and developers.
In this article, we will discuss the opportunities available for the best commercial property investments and what to consider when making such investments.
Need to know more? Let’s dive right in!
Why is Sharjah the Best Real Estate Opportunity for Commercial Investment?
Commercial properties for sale in Sharjah are in high demand from both local and foreign purchasers. Tourism is also quickly increasing, and Sharjah’s international airport is one of the busiest in the area.
Other competitive benefits of the emirate include economic stability, dependable established infrastructure, and a consistent influx of expats. Real estate transactions in Sharjah reached new highs in 2023.
Transaction volumes increased 14.6% year on year in the first nine months, with the total amount of transactions exceeding AED 19 billion. Furthermore, 66% of new renters in Sharjah’s best complexes have come from Dubai.
So, if you are an investor looking for more opportunities, whether for the malls for sale in Sharjah or plots, you must understand the market and know why it is worth investing in.
Here are some of the best reasons to invest in the commercial property in Sharjah:
-
Enhancing Quality of Life:
The Sharjah administration is aggressively seeking entrepreneurs who can help improve people’s quality of life. From new healthcare solutions to sustainable living projects, entrepreneurs have a unique chance to benefit the community while growing a profitable business positively.
So, you begin by purchasing plots for sale in Sharjah and gradually establish a solid business base there.
-
Free Zones and Government projects
The city administration or even the country authorities are actively looking to promote and make international investment prominent in Sharjah. Sharjah Investment and Development Authority initiatives, as well as free zones such as the Sharjah Airport International Free Zone and the Hamriyah Free Zone, provide attractive incentives.
These include 100% foreign ownership, full repatriation of money and profits, and tax-free status, making them appealing to international investors.
-
Budget-Friendly Living Cost
Additionally, the major benefit is that Sharjah is a low-cost city compared to Dubai or Abu Dhabi. The city has fair monthly net salaries and moderate mortgage interest rates, making it an economical option for homebuyers.
So, be it food or transportation, Sharjah offers a great environment for individuals and families trying to live a minimalist lifestyle. This implies that hotels for sale in Sharjah can be a great opportunity for investors to enhance their lifestyles.
-
Major Cultural Attractions
Sharjah’s strong cultural legacy and commitment to preserving its traditions have also contributed to the increase in real estate activity. The city is home to many attractions, such as museums and other historical buildings.
Moreover, Sharjah’s cultural vibrancy, combined with its family-friendly environment, has made it an enticing destination for people looking for a mix of modern living and cultural experiences.
Furthermore, Sharjah has a diverse selection of recreational and leisure facilities, including parks, beaches, and shopping complexes. The city’s dedication to providing a high standard of living for its citizens has been a driving force in encouraging both individuals and families to invest in its real estate market.
-
Industrial Investment Opportunities
Sharjah’s industrial districts offer significant investment prospects for both domestic and foreign companies. The government’s effort to foster a favourable business environment, combined with incentives such as tax breaks, has enticed a wide range of sectors.
Investors can profit from well-developed infrastructure, streamlined administrative processes, and a favourable regulatory framework.
-
Modern Amenities
Despite its emphasis on history and tradition, Sharjah has all the modern conveniences one would expect from a thriving urban hub. Thanks to the abundance of shopping malls, healthcare facilities, educational institutions, and recreational places, residents enjoy a great quality of life.
-
Investor-Friendly Regulations
The Sharjah administration has implemented a number of steps to attract foreign investment, including more liberal property ownership regulations. These regulations make it easier for expats to buy and own property in Sharjah, hence increasing investor trust.
Key Considerations for Investors
When you are looking to buy properties in Sharjah, remember the following factors to consider when making a valuable investment.
- Market Research
- Legal Aspects
- Developer Reputation
- Rental Yields
- Future Development
Conclusion
In conclusion, Sharjah presents a compelling opportunity for commercial property investment with its growing market, strategic advantages, and investor-friendly environment.
Whether you are interested in plots, malls, or other commercial assets, understanding the local landscape and leveraging Sharjah’s unique benefits can lead to profitable ventures.
If you’re considering investing in Sharjah’s real estate, our expert team at Las Colinas is here to guide you through every step, from market analysis to transaction completion.
Contact us today to explore how our comprehensive real estate services can help you capitalize on Sharjah’s thriving property market.
