Surge in Sharjah Rental Prices- Villa Owners Make Big Profits

1. Surge Surge in in Sharjah Sharjah Rental Rental Prices: Prices: Villa Villa Owners Owners Make Make Big Big Profits Profits UAE’s vibrant cultural and economic centre, Sharjah Villas rental prices are significantly increasing. As of 2023, the average rent of Villa was about AED45K to AED 135K. Whereas, this rental range spiked from AED 1.98M to AED 3.44M. This increase is not just a result of the increased popularity of the city but it is also a clear indication of Sharjah’s strong rental market. Therefore, this trend presents an opportunity for villa owners in Sharjah to make good money, and this post will explore how the surging rents are benefitting Villa owners.

2. Exploring Exploring the the Rental Rental Market Market of of Sharjah Sharjah The extravagant neighbourhood of Dubai has often cast a shadow over Sharjah, but recently it has been developing its image as an appealing place to live. This emirate is an alternative to Dubai that is cheaper and richer in culture thus making it an attractive option, especially for families, professionals and expatriates. It has become an area where many people prefer living due to its location, infrastructure and education system. As such demand for housing especially villas is on the rise as more people try to settle down here. Currently, the rental market in Sharjah has experienced a notable increase with villa rents being at the forefront. The influx of individuals towards Sharjah is also supported by the real estate expert Raif Hassan who said as mentioned in Khaleej Times: “The principal reason residents prefer Sharjah and Ajman is due to the difference in rents from Dubai,”

3. Factors Factors Driving Driving the the Skyrocketing Skyrocketing Rental Rental Villa Villa Prices Prices in in Sharjah Sharjah Although there are various factors that are acting as a driver in increasing Villa rents in Sharjah. However, a few of the major reasons are discussed below: 1. 1. Cost Cost of of Living Sharjah’s cost of living is lower than that of Dubai, which makes it a preferred choice for people searching for more space and affordability. Such migrants are often attracted by villas in Sharjah due to their spaciousness and family-friendly environments. Living 2. 2. Availability Availability of of Amenities In addition, there has been a deliberate effort made by the emirate’s government aimed at improving life standards in Sharjah. This is seen in its public amenities, parks, schools and health care facilities whose investments have made the city more inhabitable thereby leading to an increase in demand for housing. Amenities 3. 3. Government Government Supporting Furthermore, preserving Sharjah's culture has been an area where the government has drawn much attention thereby increasing its attractiveness among both residents and foreigners who appreciate sharing their homes with rich traditions interspersed with modern lifestyles. Supporting Culture Culture of of the the Emirate Emirate 4. 4. Demand Demand for Ultimately, a larger living space has led to high demand as a lifestyle change after the pandemic. Many residents are looking for villas because they offer more space, privacy and comfort than apartments since remote work is gradual. As more people search for this type of accommodation, it results in an upward shift in villa rents. for Spacious Spacious Living Living Villa Villa Owners Owners in in Sharjah The current rental market trends are favouring villa owners in Sharjah the most. They have raised rents significantly because of the boom in demand for villas, bringing a higher return on investments. Sharjah Make Make Big Big Profits Profits

4. Many villa owners in Sharjah who may have previously invested in Sharjah’s real estate sector due to its affordability are now observing an increase in value for their properties as demand continues to rise. For example, villa owners in popular areas such as Al Zahia, Al Tai, and Muwaileh are having their rental prices continually increase. As overall the Emirates of Sharjah rentals have increased by 26%. This upsurge is enhancing not only the owners’ rental income but also the overall worthiness of their properties. Impact Impact on on the the Rental Rental Market Market The rental market of Sharjah has remained thriving. A city that continues attracting fresh occupants even when its properties are too dear suggests a healthy housing sector characterized by resilience. There is expected demand for villas going forward especially with more individuals searching for spacious dwellings after the pandemic ends. According to recent reports, villa renting in Sharjah is expected to be steady. This is because an increasing population, government investments in infrastructure, and changing lifestyles all support sustained demand for such types of accommodation throughout Sharjah. Conclusion Conclusion The rise in Sharjah rental prices for villas is a clear indication that the Emirates has become a more attractive residential location. This presents an excellent opportunity for villa owners in Sharjah to take advantage of these trends and earn huge profits. Although the higher entry costs may be difficult for tenants, in general, it provides optimism and hope for the rental market of Sharjah which is likely still to be demanding villas for some time ahead. While Sharjah still attracts newcomers and develops its infrastructure, villa rentals are bound to maintain an upward trajectory benefiting landlords as well as the general property sector remodels.