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Revealed: Sharjah’s most affordable properties with water views

UAE - November 29, 2018

It has revealed Sharjah’s most affordable properties with water views as the emirate experiences a 6% year-on-year growth in real estate transactions.

The value of transactions surged to AED14.6 billion in the first three quarters of 2018, according to the Sharjah Real Estate Registration Directorate (SRED), while apartments in the emirate witnessed a year-on-year decrease in rentals in the first nine months of the year.

Al Khan was identified as the most pocket-friendly location for investors, with one-bedroom apartments averaging AED 523,000, two-bedrooms at AED 742,000 and three-bedrooms at AED1.1 million per year for rent.

Studio apartments in Al Majaz were identified as the most affordable option, averaging AED 22,000 a year and witnessing a decrease of 10% compared to last year. This is followed by Al Majaz 3 at AED 22,400 per year (10% drop since last year), and Al Khan at AED 23,000 (15% drop since last year).

For those searching for one bedroom apartments, Al Khan was identified as the most affordable option, averaging at AED 30,200 per year , followed by Al Majaz at AED30,400, Al Majaz 3 at AED 31,000 and Buhaira Corniche at AED 34,000.

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