Sharjah Highlights:
- 16.6 percent of all searches for Apartments to buy in July were in Al Khan
- 26.5 percent of all searches for Villa/Townhouses to buy in July were in Muwaileh Commercial
- 21 percent of all searches for Apartments to rent in July were in Al Majaz
- 15.6 percent of all searches for Villa/Townhouses to rent in July were in Al Heerah
- Listings for apartments in Al Gharb, Muwaileh Commercial and Rolla Area increased by more than 96 percent in the past 6-months
Sharjah: According to Property Finder Proprietary data, the average property listing prices for the sales of Villa/Townhouses have increased across the majority of communities in Sharjah. Average listing prices for rent have declined except in communities like Al Majaz, Al Nahda, Muwaileh and Al Riqqa which have been in high demand.
The Average apartment Sales listing price for a property in Sharjah increased from AED 590,000 in January to AED 603,000 in July 2021. The Average Villa/Townhouses sales listing price however started from 2,200,000 in January 2021 and is the same in July, however it did fall in between and was at its lowest in March 2021 at AED 1,950,000.
The Average apartment Rental listing price for a property in Sharjah remained consistent throughout 2021 at a steady AED 30,000 occasionally falling to AED 29,000.
The Average Villa/Townhouses rental listing price has shown a steady decline over the year and fell from AED 100,000 in January 2021 to 95,000 in July, a decline of 5 percent.
The top areas for apartment sales listings in July were Maryam Island, Al Khan, Aljada, Muwaileh Commercial, Al Taawun and Al Nahda. The average listing price in Al Nahda increased by 17.02 percent over a 6-month period to AED 550,000, Aljada increased by 4.75 percent to AED 529,000 and Maryam island increased by 1.07 percent to AED 606,444.
“The top areas for villa/townhouse sales listings in July were Muwaileh Commercial, Tilal City, Al Tai, Al Rahmaniya, Aljada and Sharjah Waterfront City. The average listing price in Tilal City increased by 25.19 percent over a 6-month period to AED 1,498,500 and Sharjah Waterfront City increased by 18.52 percent to AED 3,200,000 and Al Tai increased by 8.77 percent to AED 1,550,000.” according to Lynnette A Sacchetto, Director of Research & Data.
Sales Demand
The user demand of apartments for sale in July 2021 was dominated by Al Khan that had more than 16.6 percent of all user searches followed by Maryam Island, Al Majaz, Al Taawun, Al Nahda and Muwaileh Commercial. For Villa/Townhouses, Muwaileh Commercial had the most searches with 26.5 percent, followed by Al Tai, Al Badie, Al Rahmaniya, Al Heerah and Wasit.
Rental Demand
The user demand of apartments for rent in July 2021 was dominated by Al Majaz that had more than 21 percent of all user searches followed by Muwaileh, Al Nahda, Al Taawun, Al Khan and Al Qasemiya. For Villa/Townhouses, Al Heerah had the most searches with 15.6 percent, followed by Al Riqqa, Muwaileh Commercial, Halwan, Al Tai and Al Badie.
Search Terms
The top terms searched on Property Finder for apartments and villa/townhouses, for both rent and sales were - Chiller Free, Brand new, Balcony, Independent and Gated.
About Property Finder – www.propertyfinder.ae
Property Finder is the leading property portal in the MENA region and Turkey that facilitates the house-hunting journey for both buyers and renters.
Founded in 2007, the website has evolved over the years as the go-to platform for developers, real estate brokerages, and house hunters to make informed decisions on all things real estate.
A UAE-born start-up, Property Finder has branched out of the country’s shores and operates in a total of seven markets, including Qatar, Bahrain, Saudi Arabia and Egypt, and has a significant stake in the second-largest property portal in Turkey, which has over 6 million monthly visitors and more than 18,000 real estate agents.
US private equity firm General Atlantic led Property Finder’s latest round of investment of a total of $120 million in 2018. This is being used to hire further exceptional talent and investing in its technology and product capabilities.
The property portal employs over 450 employees globally, of which 204 people work out of its Dubai office, and generates over six million monthly visits as a Group.
In April 2019, Property Finder announced the acquisition of JRD Group, following an increased investment in Turkish portal Zingat.
In 2014, Property Finder acquired eSimsar.com, the top property portal in Saudi Arabia, while in 2013, the Group bought out realestate.com.lb, the number 1 property portal in Lebanon, and lastly, the acquisition of Selektimmo, a Moroccan portal, to pad out sarouty.ma, Property Finder’s Moroccan offering, in 2016.
For media enquiries, please contact
Faisal Zaidi
faisal@propertyfinder.ae
+971 55 2000 840
© Press Release 2021
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