The role of future-ready developments in Sharjah’s economic ascent
The role of future-ready developments in Sharjah’s economic ascent
As Sharjah rises to become one of the UAE’s most vibrant real estate markets, forward-thinking developers like AJMAL MAKAN are playing a crucial role in driving the emirate’s economic transformation. With the market’s needs continuously evolving, developers must now offer a broad spectrum of options—from luxurious high-end properties to thoughtfully designed, accessible homes—to cater to diverse budgets and preferences. This inclusive approach ensures that every investor finds the ideal opportunity, solidifying Sharjah’s reputation as a promising lifestyle-driven investment hub.
From a humble pearl fishing town to a thriving metropolis
Half a century ago, Sharjah was a small pearl fishing community with a population of just 8,000, where homes were made from palm fronds and mud. The city’s modernization journey began in the 1960s with the development of its waterfront, followed by new ports, traditional markets, and the ambitious 1,000 Villas Project—early indicators of Sharjah’s goal to become a key regional economic center. Today, Sharjah is home to over 1.9 million residents, boasting a vibrant economy and a flourishing real estate sector.
Investment opportunities for every budget
What attracts investors to Sharjah is the diversity of its real estate offerings. The market caters to a wide range of budgets and lifestyles, from simple, spacious apartments to opulent villas with stunning views.
Sharjah’s real estate market stands out for its unique blend of value and prime locations. Modern villas and apartments are available at highly competitive prices compared to neighboring emirates, presenting attractive opportunities for investors seeking long-term growth and stable returns. Moreover, AJMAL MAKAN CITY caters to those pursuing luxury living, with prices ranging from AED 850,000 for a one-bedroom apartment to AED 1.26 million for two bedrooms, and up to AED 5.9 million for elite five-bedroom villas on the picturesque The View Island.
Sharjah as a global investment destination
Though known as the ‘Cultural Capital of the Arab World,’ Sharjah is gaining recognition for its economic diversity and investor-friendly environment. In 2024 alone, the emirate attracted investors from 120 nationalities—a significant rise from 103 in 2023. International buyers traded over 5,900 properties in the first half of the year.
Sharjah ranks fifth worldwide in foreign direct investment inflows, and its residential market saw a 48% increase in transaction value in 2024. This momentum was fueled by the 2022 decree permitting freehold ownership for all nationalities, ushering in a new era of strategic urban development focused on sustainability, livability, and enduring value.
‘Real’ estate builds ‘real’ communities
At the core of this transformation is AJMAL MAKAN, which, supported by the Sharjah government, is shaping the emirate’s future through projects that boost tourism, encourage foreign investment, and promote sustainable lifestyles.