Is Sharjah a good place to invest?

 

Sharjah is the third most populous emirate in the United Arab Emirates, after Dubai and Abu Dhabi. It is a centre for industry and heritage, and thus contributes significantly to the United Arab Emirates' GDP. With the best conditions to offer its population, Sharjah provides unlimited opportunities for the world to come and invest in its diverse, multicultural, and vibrant city. With the right idea and business ingredients, it will offer you exceptional returns on your investments.

Profitable Sectors to Invest in Sharjah

1. Invest in Real Estate Business:

Real estate is the primary investment in Sharjah because of the high return on investment and additional benefits. It gives investors an edge because, before renting a place, people wonder, "Where is the cheapest place to live in Sharjah?". Property in Sharjah is cheaper than Property in Dubai and Property in Abu Dhabi. People are gushing towards Sharjah for employment opportunities and better housing, making it a place in high demand. Investors are equipped to swoop in to grab the best investment deals.
 

• Competitive Pricing for Sharjah: Newly built projects in Sharjah are sold at lower prices than in other cities in the UAE. This offers real estate investors an attractive entry deal and a way to profit from the real estate market. The affordability factor weighs in favour of Sharjah, which is significantly cheaper and benefits new investors by offering strong growth and competitive pricing. Tenants often choose to live in Sharjah while working in Dubai, which is only 30 minutes away, because of the question frequently asked: Is Sharjah cheaper or expensive? Compared to other emirate cities, it is. Sharjah has 30-40% lower property prices than Dubai.
   
• Economic Growth and Diversification: Sharjah is diversifying its business ideas beyond the oil business, contributing to real estate, logistics, education, tourism, and manufacturing. The government actively looks for ways to contribute to these sectors through initiatives. One of those initiatives is "Invest In Sharjah," and the other is the surrounding free zones. Not only does this strengthen Sharjah's backbone against evolution, but it also strengthens its backbone against global economic fluctuations.
   
• High Return on Investment: The average return on investment of the apartments and villas is 5-8.5%, which varies with the location. These areas are now demanding more local and foreign buyers. Investors run some questions before entering the market, like how much is the mortgage registration fee in Sharjah? According to the government service directory, the mortgage fees are 0.05%, and the title deed fees are 500. Masaar by Arada, Aljada, Tilal City, Hayyan, and Sharjah Waterfront City are the cities that have proven to provide the best return on investment. Retail shops, offices, townhouses, villas, and bedroom apartments are the in-demand property types with visibility and affordability.
   
• Full Foreign Ownership: Sharjah's appeal also skyrocketed in the foreign market. New property laws have simplified real estate investing for expatriates, and the returns are impressive. Foreigners can buy property in some areas of the UAE, like Masaar and Aljada. Expats do not need the UAE residency to enter the real estate market. Investors from any country can buy property. This law permits foreigners to purchase property in certain localities, but it offers some of the best localities to buy property. People worldwide ask about the same issue: Can a foreigner buy a house in Sharjah? This move is taken considering the economic growth and cultural diversification it will bring to the UAE. The initiative helps foreigners earn returns on investment and allows the government to expand the market for growth.
   
• Business-Friendly Environment: Sharjah is known for its expanding business areas and is now one of the prime business hubs of the UAE. It has a reputation for being investor-friendly and has a special appeal to locals and expats. The rented offices are relatively low-cost and offer better warehouses for business expansion. It is popular among business groups for being a place to settle and grow. The most common areas where people rent offices are Al Majaz, Al Nahda, Al Mamzar, Al Khan, and Al Taawun. These places altogether make the locality a business hub.
   
• Green Living: Investors think with the tenants' mindset before buying real estate. After affordability, they question which area is best to live in? It includes the living conditions that the city and the house offer. With Greenery around, wellness and renewable energy projects sell way faster than the traditional plans. With sustainability, efficiency is a must. Smart housing and automated vision make it a future-oriented project. Sharjah has always been committed to environmental causes. The government and people work together to build a safer and cleaner environment for the future.
   

2. Tourism: 

Sharjah thrives on its cultural and heritage art scenes. These have long been tourist attractions and draw people from all over the world. Investment in tourist spots, whether deserts or museums, has paved the way for more hospitality opportunities and transformed Sharjah into a hotspot in the UAE. Such investments yield much larger investments and increase the entertainment, travel, and retail sectors.
 

3. Educational facilities: 

With government initiative, Sharjah has become an educational hub by having the world's largest university. It has innovative technology to aid in research and development. The support of the universities and government has also led to the creation of many entrepreneurs. The city is brimming with talent and technology, and now aims to support those by introducing startup projects and collaborating with giants worldwide.

4. Health care: 

With the latest technology and thoughtfully designed infrastructure taking over the city, Sharjah's healthcare has improved to become the leading healthcare provider in the Middle East. With government aid, projects such as Sharjah Healthcare City make way for new opportunities for excellence and rapid growth, as well as support healthcare providers. Sharjah covers everything from pharmaceutical research to hospital supply management. These opportunities lead to more service industries like insurance. The sector has grown with many such investment opportunities and still has room to grow.
 

Conclusion: Sharjah offers many investment opportunities to people worldwide. Over the years, it has flourished into a growth hub for many sectors, mainly led by the real estate sector. It is an ideal city to live in and invest in.