How to Buy Property in Sharjah - Steps, Requirements, and Tips
Sharjah, the vibrant cultural hub of the UAE, is becoming a prime location for property investment. Situated just minutes away from Dubai, Sharjah enjoys a strategic position along the Arabian Gulf, offering seamless connectivity to major business districts and international airports. Its unique blend of affordability, modern developments, and family-oriented communities makes it a preferred choice for both residents and investors.
Learning how to buy property in Sharjah opens doors to a range of opportunities, from luxurious waterfront apartments to thriving commercial spaces. With its growing economy, investor-friendly regulations, and world-class infrastructure, Sharjah offers a promising landscape for those seeking financial growth and a high-quality lifestyle in one of the UAE’s most sought-after emirates.
5 Steps on How to Buy Property in Sharjah
Step 1: Set a Realistic Budget
When starting the process of how to buy property in Sharjah, it’s essential to establish a realistic budget that accounts for all associated costs. This budget should include:
-Property Price: Property prices in Sharjah vary based on location and property type (apartments, villas, or studios).
- Average apartment prices range from AED 300,000 to AED 700,000.
- Villas in residential communities such as Aljada or Tilal City start at AED 2 million.-Other Costs and Mortgage Details: Additional costs like transfer fees, property taxes, and real estate agent commissions can add up to 2%–5% of the property price.
Explore Financing Options in Sharjah
Several financing options are available in Sharjah to help you cover the property cost, such as:
-Developer Payment Plans: Many developers offer flexible plans where you pay 10% upfront and the rest in monthly installments of 1% over several years.
-Mortgage Loans: UAE banks provide competitive mortgage rates. Requirements include:
- Proof of stable monthly income.
- Good credit history.
- A down payment of 20%–25% of the property value.
Step 2: Research Properties That Match Your Needs
Begin by researching properties that fit your budget and requirements. Determine whether the property is for personal use or investment. Avoid making price the sole deciding factor. Consider:
– Quality of Construction and available amenities.
-Future Growth Potential of the area.
-Location: Choose a project near key landmarks, schools, shopping centers, and hospitals.
Step 3: Choose the Right Real Estate Agent
Partnering with a reliable and experienced real estate agent ensures a smoother process. If you’re wondering how to buy property in Sharjah, Daark Real Estate can guide you through every step. With in-depth market knowledge, Daark helps you find the best deals tailored to your requirements, ensuring a seamless and successful property-buying experience.
Step 4: Complete Legal Formalities and Obtain SRERD Approval
For those learning how to buy property in Sharjah, it’s crucial to prepare required documents, including a valid passport, residence visa, and financing plan. Ensure contracts are reviewed by a legal advisor to safeguard your interests and secure mandatory approval from the Sharjah Real Estate Registration Department (SRERD) to finalize the purchase and transfer ownership.
Step 5: Paying Property Fees
The final step in understanding how to buy property in Sharjah involves settling all required fees, including:
-Registration Fees: 2% of the property value.
-Mortgage Registration Fees: 0.25% of the loan amount (if applicable).
-Annual Maintenance Fees and Notary Fees (if required).
Required Documents for How to Buy Property in Sharjah
When considering how to buy property in Sharjah , there are several essential documents that must be submitted to complete the transaction. These documents are required by the Sharjah Real Estate Registration Department (SRERD) to ensure the legitimacy and accuracy of the property purchase. The key documents include:
-A copy of the title deed (in the name of the commercial license).
-A copy of the official plot map.
-General plans of the project approved by the relevant authorities.
-A copy of the developer’s passport and ID card.
-A building permit issued by the Sharjah Municipality (valid for up to three months).
-A completion certificate from the concerned municipality or the Roads and Transport Authority (RTA).
-Project name approval certificate from the Sharjah Municipality for towers or from the Planning and Survey Department for complexes.
-The developer’s commercial license and Memorandum of Association.
-A detailed schedule of the units, signed and sealed by the developer.
-A bank guarantee letter and an acknowledgment receipt of electrical plans from the Sharjah Electricity and Water Authority (SEWA).
These documents ensure that the transaction is valid and that all legal requirements are met, making the property purchase process transparent and secure.
The Return on Investment (ROI) for Sharjah
The return on investment (ROI) in Sharjah is high due to the reasonable property prices compared to Dubai, offering excellent opportunities for investors. Rental yields in some areas range from 10 % annually. Investing in ready properties provides stable returns, while off-plan properties may yield higher profits. Emerging areas like the University City and Airport Area are experiencing notable growth.
if you’re looking at how to buy property in Sharjah, several important questions might come to mind. Investment Benefits of Sharjah’s Free Zones? property prices in Sharjah -2025? and it’s essential to explore these growth areas and understand the local market trends To find answers to these questions and more, you can read our comprehensive article
New Law Boosts Foreign Property Ownership in Sharjah - 2025
Recent changes in Sharjah’s property law now allow all nationalities to own property in the Emirate without any restrictions. This decision aims to stimulate growth in the real estate sector and attract foreign investors by offering diverse investment opportunities.
The new law provides robust legal guarantees for property ownership by all nationalities, fostering stability in the market and creating a welcoming investment environment.
FAQS
Can anyone buy property in Sharjah?
Is Sharjah a good investment?
Yes, Sharjah is a good investment destination due to its affordable property prices, high rental yields (ranging 10% annually in some areas), and proximity to Dubai. The emirate also offers a family-friendly environment, quality infrastructure, and growing investment opportunities in key areas like Aljada, Tilal City, and University City.
Are There Property Taxes in the UAE for Foreigners?
There are no property taxes in the UAE however, there are registration fees and annual charges imposed on properties, which vary depending on the emirate
Can a foreigner buy property in UAE?
Yes, foreigners can buy property in the UAE. Many emirates, such as Dubai and Abu Dhabi, allow foreigners to purchase freehold properties in designated areas.
Best area to live in Sharjah
Popular areas include Al Majaz (family-friendly, waterfront), Al Nahda (affordable, close to Dubai), Aljada (modern development), and University City (quiet, green spaces).
UAE residency by buying property
Yes, foreigners can get a residency visa by buying property valued at AED 1 million or more, with a visa valid for 2-3 years.
Your Trusted Partner for Property Investments in Sharjah
If you’re looking for a profitable real estate investment in Sharjah, Daark is your ideal partner. With our extensive experience in the real estate market, we offer you exceptional consulting services to help you make the best decision, with careful monitoring of every step in the buying process. Contact our team today and get a Free Consultation
