| Covering 2600 km, Sharjah is the third largest | | | | Sharjah has not introduced freehold property zones |
| emirate in the United Arab Emirates, known for its | | | | like Dubai, Ajman or Ras Al Khaimah, and 99-years |
| rich cultural heritage, mosques, museums, souks and | | | | leasehold is the best form of ownership foreigners |
| cricket matches. Like all other emirates, its economy | | | | can acquire. But there are possibilities that Sharjah |
| is powered by oil and gas reserves that were | | | | Government will do so in the future, and as it |
| discovered back in 1971. Since than it has made a lot | | | | happened in the case of Dubai or Ajman, it will be |
| of progress but it differs from other estates in a | | | | followed with immediate investments and price hikes. |
| unique manner. Sharjah has preserved the cultural | | | | With all these positives and negatives, Sharjah |
| roots and values all along. If you are visiting UAE as a | | | | provides a different set of opportunities, which may |
| tourist and finding it hard to explore the real Arab | | | | not be as lucrative as Dubai or Abu Dhabi in short |
| and Islamic culture in places like Dubai and Abu Dhabi, | | | | terms but can be equally or even more rewarding in |
| try visiting Sharjah for that purpose. You will not be | | | | some years. |
| disappointed. | | | | Nujoom Islands: |
| Pros and Cons of Sharjah Real Estate: | | | | A mega project by all means, this is the largest |
| Sharjah hasn't joined the real estate race as yet; | | | | residential and commercial project going around in |
| although it is picking up but huge skyscrapers and | | | | Sharjah with an estimated cost of $4.9 billion. Nujoom |
| mega structures are not sprinkled all over the place | | | | Island is a set of 10 islands, separated by water |
| as yet. Property prices and more importantly rents | | | | channels. A refreshingly positive change is its |
| are much lower than Dubai; this is the reason why | | | | landscape division; just 40% land will be used for |
| most of the expatriates working in Dubai now | | | | buildings while the remaining 60% of space is |
| choose to live in Sharjah. Sharjah has a relatively | | | | allocated to canals and green spaces, grounds and |
| strict decency law in effect that prohibits from | | | | parks. These islands are located at the coastline of Al |
| alcohol consumption and other similar activities. So | | | | Hamrya, which is really close to Sharjah international |
| some conventional religious families will also prefer to | | | | airport. The developers, Al Hanoo Holding Company is |
| reside in Sharjah as compared to Dubai or other | | | | expecting to complete the work by 2010. |
| estates. | | | | |