As property prices in the UAE continue to rise, investors and residents are increasingly looking towards the northern regions for more value-for-money options. This trend has led to a surge in demand for residential and investment properties in Sharjah and Ajman, as reported by real estate platform Bayut, with competitive pricing, larger spaces, and continual improvements in infrastructure and lifestyle services driving this interest.
Bayut’s analysis highlights that Sharjah and Ajman are benefiting from a significant shift in buyer and renter priorities, emphasizing the desire for larger living spaces at reasonable prices and long-term value. With escalating prices in primary markets alongside attractive rental yields and the launch of new projects, the northern regions are solidifying their status as key players in the broader UAE real estate landscape.
In Sharjah, well-planned residential communities have contributed to the growth of property values and stability in rental yields. Villa prices in areas like Garden City and Hoshi have seen increases of over 20% and 14% respectively, while apartment prices surged by 21% in Al Nahda and 9% in Al Khan. Rental yields for apartments have reached approximately 7% in areas like Al Nahda, while villas have approached 6% in areas like Tilal and Muwaileh, showcasing the emirate’s attractiveness to investors seeking stable, long-term income.
In Ajman, competitive pricing and larger unit sizes have fueled market demand, with the price per square meter for villas in Al Rawda rising by over 24%, and apartment prices in Downtown Ajman soaring by 32%. Rental yields for apartments have exceeded 7% in Downtown Ajman and Emirates City, while Garden City offers yields of over 9%, making Ajman a highly appealing destination for investors looking for significant returns.
The under-construction sector in Ajman is also experiencing growing confidence from developers and investors. Projects such as Princess Village in Yasmeen and Al Khawair Towers in the Free Zone have attracted buyer interest due to their competitive pricing, while villa projects like Azha Community in Al Amerah and District 9 in Al Zohour signal continued growth in the supply of quality housing.
Haider Ali Khan, CEO of Bayut and Dubizzle Group for the MENA region, stated, “The ongoing growth in Sharjah and Ajman reflects a shift among investors towards value-driven decisions. Both emirates offer housing options that cater to budget-conscious needs, backed by stable price indicators and strong rental yields, enhancing their prominence in the UAE real estate market.”
With continued improvements in infrastructure and an expanding housing supply, the northern Emirates are expected to increasingly play a pivotal role in meeting housing demands, providing a balanced mix of capital growth, stable returns, and quality living.