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Best Areas for Foreigners to Invest in Sharjah

introduction

Sharjah has always been on the list of top emirates in the United Arab Emirates behind Dubai and Abu Dhabi. Sharjah offers a lot of great investment opportunities to expatriates and foreign investors.

As the emirate keeps growing in different areas, finding the best investment chances has become a challenge which needs research and scrutiny.

In this article we try to provide guidance for foreign investors who are seeking to invest in Sharjah’s real estate market and or live in the city. We’ll discuss Sharjah’s economy, key factors for successful investments, and explore top investment areas.

best areas in sharjah

Where is Sharjah?

Located along the Persian Gulf’s coastline, Sharjah stands as one of the seven emirates comprising the United Arab Emirates. Its strategic position highlights its appeal as a destination for business and investment.

Sharjah is located near Dubai to the south and Ajman to the north, giving it a great position close to important economic centers. This central location within the UAE has made it a key part of transportation networks.

Why choose Sharjah?

Sharjah is a great place for investing because like the other main investment hubs in the country it has a strong economy, is politically stable, and has investor-friendly policies.

Sharjah is growing quickly, especially in industries like real estate, tourism, and manufacturing. They’re also trying new things to bring in foreign money and help businesses grow.

Transparent legal framework and streamlined governmental processes gives foreign investors a sense of ease and confidence. The city’s dedication to sustainable development has created a unique environment for investment.

In the next section we elaborates on why Sharjah stands as a promising destination for discerning global investors.

Economic Landscape of Sharjah

Sharjah’s economy has changed a lot and grown. It used to rely on oil, but now it’s focused on different kinds of businesses. Thriving sectors include real estate, manufacturing, trade, and cultural tourism.

Projects supported by the government and rewards for investing help its active economy, attracting people from inside and outside the country. This financial support encourages both local entrepreneurs and international investors to contribute to Sharjah’s economic progress.

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Factors to Consider When Investing in Sharjah

Investing in Sharjah presents a range of great opportunities and its stable economy and business-friendly environment that can be very attractive for foreign investors but a safe decision-making process requires a thoughtful evaluation of important factors.

Understanding the legal framework, ownership rights and taxation are some of these factors. Equally important is knowing your priorities and the available options in the market. Which is why it is highly recommended to get help from professional agents at Jasper Real Estate in order to make an informed decision.

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Top Investment Areas in Sharjah for Foreign Investors

From vibrant cultural hubs to strategically positioned free zones, there are areas that present distinct advantages for those seeking to capitalize on the emirate’s economic progress.

Exploring the best places to invest in Sharjah reveals a wide range of opportunities for international investors. Without further ado, let us delve into the popular areas for investment in Sharjah.

  • Tilal City

Tilal City offers a prime investment platform for expatriates, blending modern urban living with sustainability. Its freehold properties enable full ownership, making it attractive for foreign investors. Being close to important places, business centers, and green spaces makes it even more attractive. This means the value of the place will go up over time.

  • Al Mamsha

Al Mamsha presents a promising investment prospect for international investors. With a blend of residential areas, retail outlets, and a diverse range of property options, it offers a varied investment landscape. Furthermore, its friendly rules make it even more appealing, becoming a great choice for those looking to invest.

  • Aljada

Aljada stands as a prime investment choice for expatriates, offering a self-contained city within Sharjah. Its comprehensive mix of residential, commercial, and leisure facilities, along with its strategic location, ensures a wonderful living and business environment. With pro-investment policies, Aljada encourages international investors to participate in its real estate market.

  • Al Majaz

Al Majaz’s diverse real estate options, including residential and commercial properties,suit different investment choices. This diversity adds to its appeal for those looking to invest from abroad.

  • Al Taawun

For expatriates seeking investment opportunities, Al Taawun offers a promising landscape. Its affordable real estate options and convenient amenities make it an attractive choice.

The area’s strategic location near key business districts, educational institutions, and shopping centers enhances its rental potential and long-term value, making it a viable investment prospect.

  • Al Zahia

With its master-planned community and diverse property options, Al Zahia offers a lifestyle that appeals to families and individuals alike.

Proximity to essential facilities, educational institutions, and retail hubs highlights its appeal, ensuring both comfortable living and potential investment returns.

  • Al Qasimia

Located in the heart of Sharjah, Al Qasimia’s modern development and strategic location, combined with significant infrastructure investments, makes it an attractive destination for real estate ventures. The area’s cultural significance adds to its appeal, drawing tourists and investors alike.

  • Al Khan

Al Khan has a beautiful coast and is a great place for tourism and fun investments. Emerging real estate projects, rising property values, and easy connectivity to transportation hubs boosts its appeal. Al Khan’s scenic beauty adds appeal to its investment prospects.

  • Al Saja’a

The affordability and rising residential demand of Al Saja’a has made it a promising area for real estate investment. Its proximity to key urban development projects enhances its potential, catering to a growing rental market and tenant preferences.

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  • Sharjah Airport International Free Zone (SAIF Zone)

SAIF Zone is one of the six free zones available in Sharjah that offers foreign investors 100% ownership, tax exemptions, and simplified setup procedures.

Different industries are active within its advanced infrastructure, making it a great choice for those seeking a dynamic investment environment.

  • Hamriyah Free Zone Authority (HFZA)

HFZA offers foreign investors state-of-the-art facilities, cost-effective operations, and strategic access to international markets. Its incentives, including 100% foreign ownership, position it as an industrial hotspot fostering long-term returns.

  • Bonus List

Sharjah Media City (Shams), Sharjah Publishing City, Sharjah Research Technology and Innovation Park and Sharjah Healthcare City (SHCC) are some of the free zone areas that can be ideal for foreign investors who are seeking investment opportunities in Sharjah beyond the real estate market.

 

Final Word

Sharjah’s allure as an investment destination for foreigners is highlighted by its vibrant economic landscape, strategic development efforts, and investor-friendly policies.

The diverse investment areas within the emirate suit various interests, from real estate to industrial ventures. As the emirate combines its rich cultural heritage with modern development, the potential for lucrative returns continues to expand.

With a supportive legal framework, world class infrastructure, and promising growth prospects, Sharjah stands out as a great opportunity for global investors seeking a good position in the center of the United Arab Emirates’ growing economy.

  • Can expatriates obtain a residency visa in Sharjah through real estate investment?

Yes, expatriates can secure a residency visa in Sharjah by making a qualifying real estate investment. The minimum investment threshold and specific requirements may vary and it’s advisable to consult with relevant legal experts to understand the exact criteria and process for obtaining a residency visa through real estate investment.

 

  • What legal requirements do I need to consider as a foreign investor in Sharjah?

Foreign investors can establish businesses in Sharjah by partnering with a local sponsor or through free zones, which offer full foreign ownership.

 

  • Are there any restrictions on owning property as a foreign investor?

Foreigners can own property in designated areas such as Al Qasimia and Al Khan, subject to specific regulations set by the Sharjah Real Estate Registration Department.

 

  • How can I benefit from investing in a Sharjah free zone like SAIF Zone?

Sharjah’s free zones, like SAIF Zone, offer 100% foreign ownership, zero import/export duties, and streamlined business setup processes.

 

  • What sectors are growing in Sharjah, offering good investment opportunities?

Sectors such as real estate, manufacturing, tourism, and logistics are seeing significant growth, providing diverse investment prospects.

 

  • Are there tax incentives available for foreign investors in Sharjah?

Sharjah offers various tax incentives, including exemptions from corporate and personal income taxes, making it an attractive destination for investors.

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