The Rental Apartment Trend in Sharjah

Posted by Sara William on September 27th, 2022

The real estate market in Sharjah is an apt example of a matured industry that can provide continuous supply matching the growing demand.

As you might be aware of the fact, the demand for real estate properties in Sharjah is on the rise due to the influx of more and more foreigners.

The influx has happened due to the attractive economic growth of the emirate. As a result, many foreigners have relocated to the emirate to leverage the strong economic growth.

But, before we delve into the rental apartment market of Sharjah, let us explore the answers to a few relevant questions.

Is the Cost of Living in Sharjah Very High?

The cost of living in Sharjah is not high. And that is lower than most of the emirates in the UAE.

The rental costs are lower than other emirates, including Dubai and Abu Dhabi. But, again, the cost of living in Sharjah depends on your lifestyle.

Notably, there are excellent residential areas in Sharjah.

Are Rents in Sharjah More than Dubai?

Sharjah is more affordable than Dubai in terms of regular expenses. So, you can save more money by staying in Sharjah.

Again, you can stay in Sharjah and work in Dubai due to the proximity of the two emirates.

In that way, you can save on rent.

Given the current situation, the average rent for a studio in Sharjah is around AED 8k, whereas you need to pay around AED 15k on average for a rental studio in Dubai.

What About Drinking and Smoking in Sharjah?

You should note that Sharjah is a dry emirate. So, consuming alcohol is illegal there. Again, no restaurant in the emirate has the license to sell alcoholic beverages.

Moreover, public smoking is banned in Sharjah. However, smoking is permitted in private, designated areas.

Again, it is advisable to wear modest clothes in the emirate.

Rent Price Trend for Apartments

In Sharjah, rents for apartments fall within the affordable range. However, given the current trends, studios in Sharjah call for rent of around AED 13k.

Again, the rent for a 1-bed apartment is around AED 22k. And the rents for 2 and 3-bedroom apartments are around AED 36k and AED 48k, respectively.

Furthermore, the existing rent for a 4-bedroom apartment in Sharjah is around AED 80k.

Deposit Fee

In Sharjah, there is a practice of landlords asking for a deposit from their tenants. And the amount depends on the type of apartment you rent.

Usually, the rent needs to be paid through 4 to 6 post-dated cheques. However, some realtors ask for a lump sum of yearly rent or a bi-annual payment.

Popular Renting Areas

There are many popular areas for renting apartments in Sharjah. You can consider Al Nahda, which lies on Dubai’s border. So, you can quickly commute to Dubai.

Also, there is not much traffic in the area, so the driving is not disturbing.

In the next spot, you can consider Muwaileh, which has the lowest rental prices for 1-bed apartments.

Conclusion

There is no shortage of apartments for rent in Sharjah. And you can get rental apartments at affordable prices. In addition, the apartments are equipped with all the essential facilities. Notably, you can bring down the rent further if you can negotiate well with the landlord. Besides, finding a rental apartment poses no problem. All you have to do is, visit a trusted property portal, like Toplatest, and do the search.