Sharjah real estate sees rising rents and new residential developments

The real estate market in Sharjah is experiencing significant activity, characterized by rising rental costs and new large-scale residential developments. Data from Bayut indicates that average rental rates across the emirate rose by 1.8 percent year-on-year to AED41.4 per square foot as of August 2026. This growth is widespread, with increases recorded in the 15 most-searched areas for both apartments and villas.

In the apartment sector, Muwaileh Commercial saw an 8.2 percent increase in average annual asking rents, reaching AED40,800. Other notable areas include Al Majaz and Al Nahda. Demand is spreading across both established districts and newer master-planned communities.

Simultaneously, the emirate is expanding its housing supply through major projects like the Dh3.5 billion Al Tay Hills development. This project will provide approximately 1,100 family-oriented homes, including townhouses, twin villas, and mansions, spread across six million square feet. The completion of show villas at Al Tay Hills marks a milestone for the development, which aims to provide diverse housing configurations for families seeking larger living spaces.