Sharjah is not a typical Arab Emirate. It is not as modest as Ajman but neither is it as luxurious and as cosmopolitan as Dubai or Abu Dhabi. Sharjah is a narrow strip of land between the Persian and the Oman Gulfs. It borders on the Emirates of Dubai, Ajman, Umm Al Quwain, Fujairah, and Ras Al Khaimah.
Sharjah is considered a conservative and boring Emirate that does not welcome foreigners. This is a mistake to think so. True, the rules of conduct are stricter in Sharjah than they are in some other Emirates. For example, alcohol is totally prohibited there and women have to follow a dress code rigorously. Even though rules for foreigners are more relaxed, girls should not wear miniskirts or shorts in Sharjah anyway.
Why would you want to invest in real property in the Emirate? Why can it appear attractive? Well, it depends on what you are looking for. If you value nightlife and want to spend time dancing in nightclubs and having fun, Sharjah is probably not for you.
You may want to consider buying property in Sharjah if you have other priorities. The place is perfect if you would like to learn more about the Arab world, go diving at quiet places, visit museums, and make business deals. Most foreign buyers of property in the Emirate are well-to-do family people who value comfort, personal security, high-quality infrastructural objects, and good ecology. These are the main advantages that Sharjah offers to foreign investors.
General advantages of Sharjah
In addition to the ones mentioned above, Sharjah boasts the following advantages:
- A small area: almost all places of interest are within easy reach (if you have a car, of course, and you have to have a car when living in the Emirates).
- Several interesting museums.
- A zoo.
- A classic Arab marketplace: you don’t have to buy anything there because just walking along the aisles and haggling over a souvenir or trinket is great fun.
- Almost everybody around speaks English.
- Fantastic opportunities for diving.
- Low prices by the UAE standards especially compared to Dubai or Abu Dhabi. For instance, a four-star hotel for 8 nights can cost you as little as US$ 250. The average restaurant bill is going to be approximately the same but the choice and the quality of the food is much better.
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Advantages of Sharjah for foreign investors into real property
The following factors can make you consider the opportunity of investing in Sharjah real estate very seriously:
- Property prices had been steadily growing in Sharjah. Real property in the Emirate became available to foreign buyers only 5 years ago, in 2018. Since that time, the prices have been growing rapidly. Over the last year alone, they have grown by 15–20%.
- Nevertheless, property prices are much lower in Sharjah than they are in some other Emirates. You are right if you think of Dubai as Arab Switzerland: it is as comfortable and almost as expensive. One square meter of real property seldom costs less than US$ 3,000 in Dubai and it often costs more. Sharjah is much less expensive. A square meter in the city center costs around US$ 2,200 and in the outskirts, it costs from US$ 1,700. The quality of the property is as high as it is in Dubai.
- Waterfront housing is readily available in Sharjah. Choice in other Arab Emirates is limited and the prices for residential accommodations at the waterfront are often unreasonably high. Almost all suitable areas are built up there and buyers have to pay a lot if they want to live by the water. On the other hand, the real property market is only beginning to grow in Sharjah and there is still a lot of space for construction. For this reason, it is much easier to find an apartment, a house, a villa, or a building in a nice location in Sharjah. Besides, the price is going to be much lower.
- The infrastructure is well-developed in Sharjah. You may find a situation in some other Arab Emirates when a certain area has plenty of residential accommodations but it lacks infrastructural objects such as malls, shops, schools, restaurants, and car parks. Things are quite the opposite in Sharjah. Developers erect infrastructural objects together with residential complexes. You will never feel the lack of infrastructure if you purchase property in Sharjah.
- Good prospects for the real estate market in Sharjah. Real property in Sharjah became available to foreign buyers five years ago. The period is short enough to let the prices keep growing and it is long enough to make the tendencies visible. The popularity of the Emirate is increasing as more and more investors and developers are entering the market. Property prices grow at a much faster pace in Sharjah than they do in most other Arab Emirates. This fact alone makes investing into real estate in the Emirate a tempting proposition.
Blue Pearls residential complex as an inviting investment object
The United Arab Emirates is a prosperous and a rapidly developing country that welcomes foreign nationals buying property there. However, if you want to buy property in the UAE sitting at the waterfront, you usually have to choose between expensive property and very expensive property. In view of this fact, the Blue Pearls project stands out indeed. It is a much more affordable investment object in comparison to other such objects found in the UAE.
It is an attractive investment opportunity from the financial point of view in the first place. The expected return of investment is at 10% and the prices of apartments in Blue Pearls start at 379,000 dirhams (US$ 103,200). You could hardly find a nice apartment in another Emirate that would be accessible for a foreigner and that would simultaneously cost so little.
The residential complex is currently under construction. The complex is expected to be fully built in the fourth quarter of 2025. You might feel a bit uncomfortable about paying now and coming into full possession of the property only in two years. You might think that there are risks associated with the possible developer’s bankruptcy due to a sudden change of attitude on the part of the authorities. Please rest assured that nothing of this kind could happen to Blue Pearls: the developer is highly reliable and the Emirate authorities are highly consistent.
Main infrastructural objects on the premises of the residential complex
When completed, Blue Pearls is going to have the following infrastructural objects:
- A neat landscaped garden;
- A wellness club;
- A private panoramic swimming pool giving a wonderful view of the coastline;
- A private beach;
- A marina.
Distance to some locations:
- 4 minutes to UAQ Mall;
- 5 minutes to Ajman;
- 29 minutes to Sharjah Airport;
- 30 minutes to Dubai.
Payment schedule:
- 20% — down payment;
- 50% — investment in construction;
- 10% — handover payment;
- 20% — to be paid within one year after obtaining the key to the apartment.
Special characteristics of Blue Pearls residential complex:
- A ‘city inside the city’ concept that is unique for the UAE. You can live a quiet life in a resort area while staying away from crowds of tourists.
- Blue Pearls is a perfect place to reside permanently in comfort.
- The level of personal security is superb.
- The recreation opportunities are splendid.
- You can easily integrate in the everyday life in Sharjah.
If you enjoy partying and staying up all night long, Sharjah would not be the best choice for you. However, if you are a family person looking for a comfortable, safe, quiet, and secluded place at the coast, Blue Pearls will not disappoint you, we promise. Please contact us if you would like to learn more about Blue Pearls or other development projects in the UAE. We always respond promptly!
