Sharjah is one of the cities in the United Arab Emirates, where real estate business is growing strongly in recent months. In this site of the United Arab Emirates, real estate developers are taking advantage of the relocation of Dubai citizens, who are moving to this ancient enclave due to high property values.
Has a characteristic that also makes it attractive for residents from other places, as the government has authorized the purchase of properties in certain select sectors. This way, those who cannot afford the rental costs in the neighboring area choose this destination to enjoy a more affordable way of life.
The place in the United Arab Emirates that is constantly growing.
According to various records, the value of homes in Dubai is what has generated this wave of migration to other destinations, including Sharjah. Property in the city has been on the rise for 16 consecutive quarters, while the rents for single-family homes or villas skyrocketed by 86%.
The difference between the supply in Sharjah and that of other cities in the United Arab Emirates is not in the price, but in the type of amenities offered, which is considerably different from those in the city of skyscrapers. The buildings are older, with few facilities, a factor that has caused a series of discontents and changes within the city itself, where investors began developing new projects.
Which companies want to invest in the oldest city in the United Arab Emirates?
Después de registrar un amplio número de residentes que se trasladaron de Dubái a Sharjah, las autoridades vieron la oportunidad para comenzar con las inversiones inmobiliarias que se asemejen a las de la ciudad vecina. Arada Developments, a cargo del príncipe Saudí Bin Talal, es una de las empresas que comenzó con un desarrollo de 2500 viviendas, con espacios de ocio, deportivos, salas de bienestar y restaurantes para atraer a más inversores.
En este sentido, la compañía pretende que los funcionarios del emirato le otorguen las mismas licencias que a las demás ciudades para poder seguir expandiendo el negocio y desarrollar allí sus proyectos por fuera de las exenciones fiscales y otros beneficios. El vecindario que está propuesto por Arada comenzó su negocio con un valor de 177 dólares el metro cuadrado, aunque ahora el precio cambió y pasó a 1.400. Los alquileres y ventas empezaron a crecer con la expansión pero, de acuerdo a los analistas, esta situación sigue siendo diferente con respecto a Dubái.
Sharjah, el corazón de Emiratos Árabes.
Sharjah is the third largest emirate in the UAE and considered its “cultural heart.” This space differs from the other more popular cities of the Emirates and was recognized by UNESCO as a Creative City of Craft and Folk Art in 2019. The deeply rooted customs of this rich country are maintained thanks to several craft programs, heritage festivals, and artistic projects.
So much so that in Sharjah, the annual Sharjah Heritage Days festival takes place, bringing together local artisans to showcase traditional techniques of weaving, pottery, and calligraphy, bridging the past and the present. Among the most prominent spaces in this area is Mleiha, located in the central region, declared a UNESCO World Heritage Site, which houses an extraordinary variety of fossils dating back almost 90 million years and offers a glimpse into the natural history of the Arabian Peninsula.
