How Sharjah's Strategic Location Benefits UAE Developers

1. How Sharjah's Strategic Location Benefits UAE Developers Sharjah for a long time remains one of the prime and significant trading hubs due to the advantageous location that is between East and West. This outstanding position is complemented by stunning infrastructure, logistics hubs, free zones and more. Sharjah real estate is booming due to this and is expecting to grow without a halt. It is interesting to know that the stunning location of Sharjah offers various benefits to developers in the UAE. This is also a point of discussion that will be explored further. Importance of Location for the real-estate Developer In the real estate market, location is considered one of the biggest forces that is driving sales. For the real estate developers in Sharjah also location is crucial. This is because in the complex process of real estate development, the value, potential of growth and demand of the property all are determined by location. It has been witnessed that the demand and value of the property of heavily shaped by the fact that how much the location is prime and offers convenience for the buyers. The more desirable neighbourhoods have higher prices as compared to the properties with fewer amenities or desired locations. Benefits of Sharjah’s Strategic Location for Buyers Here is a quick view of some of the major benefits that could be availed by the developers in Sharjah UAE: 1. Role of Government 2. Spending in Sharjah 3. Affordability for Sharjah real estate developers 4. Diversification of Sahrjah 5. Flourishing Hotel and Tourism Industry 6. Real-estate Development Opportunity

2. Role of Government Government initiatives in Sharjah real estate are one of the major factors that are attracting developers in Sharjah. Various agencies in government are taking serious measures for the development of the Sharjah landscape which is also appealing for the real estate developers. Some of the major departments that are actively playing their part in making Sharjah an attractive place are:     Department of Public Works Sharjah Urban Planning Council (SUPC) Sharjah Electricity and Water Authority (SEWA) The Sharjah Real Estate Department The above-mentioned authorities are working tirelessly under the command of Sheikh Sultan bin Mohammed Al Qasimi, the ruler of Sharjah. Sharjah Investment and Development Authority and Sharjah Asset Management are also focusing on transforming the landscape. The actions by the authorities have resulted in creating the extensive cultural fabric of Sharjah. This is also making the developers attracted towards the Emirates whose development is not unplanned or lacked. According to the Chief Asset Management: “Our contribution to ACRES is a significant step to confirm Sharjah Asset Management’s role in driving monetary growth in the Emirate of Sharjah through corporations with both the public and private sectors.”

3. Spending in Sharjah Another reason that is attracting residential real estate developers towards Sharjah is the spending on it. Currently, there are $6.5 billion worth of projects related to construction underway. The investors are pushing Sharjah real estate to grow by providing opportunities for the developers to launch new projects. Due to the spending, the growing GDP and the expansion of the industry in the third largest Emirates of the UAE, developers are curious to plan new projects here in Sharjah. The aspect of sector spending is highlighted by one of the reports from Oxford Business Group. Affordability for Sharjah real estate developers Analysis showed that the location of Sharjah is exclusive and offers low-cost land can construction due to which developers are shifting here. There is a notable difference in the construction prices in Sharjah and Dubai. According to the trustable source of Gulf Today, investors and real estate developers are highly interested in Sharjah due to its growing and positive reputation. Diversification of Sahrjah The land of Sharjah is full of surprises and offers a blend of modern and traditional living. Diversification of the land is one of the major drivers that is causing developments to come in Sahrjah, this is because the different cultural hotspots and heritage-specific places offer developers the opportunity to incorporate their residential projects with it and make more money. Each of the projects offers something culturally unique or connectivity with the heritage of Sharjah. Following are the five three residential projects in Sharjah offering exclusive living. 1. Aljada by Arada 2. Sharjah Sustainable City by a partnership of Sharjah Investment and Development Authority and Diamond developers. 3. Sharjah Garden City by Shoumous Properties

4. You can also check out the Properties in Sharjah from any credible source to ensure the authenticity of the projects and their details. Flourishing Hotel and Tourism Industry There is a lot of room for the development. This means that despite the exclusive project by various developers there is still so much to do in Sharjah. The average price of a room in the hotel of Sharjah is lower than in Dubai. Due to this gap real estate developers are extremely interested in the location of Sharjah for introducing more projects in this place. Properties in Sharjah related to tourism and hospitality are still under development and require more focus from the developers. There are very less or no extensive projects under the pipeline currently due to which the ROI is comparatively lower than other Emirates. Real-estate Development Opportunity As mentioned earlier from the perspective that in the context of the hotel and tourism industry Sahrjah requires more focus, but as a whole also there are a lot of opportunities for the real estate developers. Real-estate players are coming to Sharjah for a competitive standout and to offer something that is still missing in the Emirates which includes a lot of categories including retail, business, tourism and residential complexes. Real estate developers in Sharjah are extremely optimistic in the context of developments in Sharjah and are competing to invest in the region extensively. Conclusion Sharjah property market is exclusive and is considered the start of the eye for developers right now due to its strategic and prime location. Various reasons complement the location of Sharjah and act as a driving force for real estate developers and investors. The features that are related to Sharjah’s location attract developers including attention of government, spending in the Emirates, low cost of construction, and room for development. You can also search for Sharjah real estate to actively know about the developments in the region.