Over time, the Emirate developed new and fine projects and corporations with some of the best developments in the UAE. For example, Sharjah is the third largest Emirate in the UAE with a quite developed real estate industry. If you want to know more about Sharjah and how it is becoming global, continue reading.
Sharjah developments in the UAE real estate market update
Previously, based on Sharjah’s real-estate empire policies, just the UAE residents who had a valid UAE National Visa could purchase properties within the region. That was just unlike Dubai, where foreign investors could easily buy a property for investment. It was the main reason that Sharjah’s real-estate industry was under pressure with a narrow market segment during the previous years.
Some years ago, the local government decided to change this policy and help Sharjah move in the way of international recognition. Finally, they made real estate free, and everyone who wants can invest in the region. The government makes a move to change the game and as a result, non-Arab nationals can purchase and invest in properties within Sharjah under a 100-year renewable land lease. So, today you can search among Sharjah developments and choose to buy a property as a foreign investor.
What are the key players in the UAE real estate market?
Today, Sharjah is one of the strongest competitors of Dubai in terms of newer mixed-use developments, prices, and increased demand among locals, residents who live in the country, people with employment or commercial visas, and those who look to invest in long-term beneficial properties.
Based on the claims of Marwan Jassim Al Sarkal, CEO of Sharjah Investment and Development Authority: “Sharjah indeed established itself as a major destination for real estate investment in the region and we achieved this by stimulating the market in Sharjah in two ways: understanding the real estate market and providing investors with the highest possible return on their investments”.
Conclusion:
Finally, we believe that the government flexibility and support of different states throughout the UAE will benefit you as an investor. So if you want to buy a property in the UAE, we are ready at dxboffplan to help you. You can contact our professional online team 24/7 for free, and we will find you the best case based on your situation.