# Sharjah residential real estate market expansion

> Live situation record from CLSTR: https://clstr.news/situations/sharjah-residential-real-estate-market-expansion
> Updated: 2026-10-15T08:18:41.000Z. Sources: 7. Developments: 2.

The Sharjah real estate market is experiencing a period of growth characterized by rising rental costs and significant residential expansion. As of August 2026, average rental rates across the emirate increased by 1.8 percent year-on-year, with notable rises in areas such as Muwaileh Commercial, Al Majaz, and Al Nahda. This demand is being met by large-scale projects, including the Dh3.5 billion Al Tay Hills development, which aims to provide approximately 1,100 family-oriented homes.

Furthering this market activity, Aldar Properties has made its first investment in the emirate through a $300 million (AED 1.1 billion) agreement with Arada. The deal involves the forward purchase of nine buildings containing over 1,100 residential units within the Aljada mixed-use development. These properties are expected to be delivered in the fourth quarter of 2029. This acquisition follows a broader AED 15 billion strategic partnership between Aldar and Arada, supporting the long-term development of the Aljada project.

## Claims

- Aldar Properties agreed to acquire nine buildings containing over 1,100 units in Sharjah for AED 1.1 billion ($300 million). (corroborated by 3 sources)
- This transaction represents Aldar's first real estate investment in the emirate of Sharjah. (corroborated by 3 sources)
- The deal is a forward purchase agreement with Arada for properties located in the Aljada development. (corroborated by 3 sources)
- Arada is scheduled to complete construction and deliver the assets in the fourth quarter of 2029. (corroborated by 3 sources)
- The acquisition expands Aldar's develop-to-hold pipeline to AED 21 billion. (corroborated by 3 sources)
- This deal follows a previously announced AED 15 billion development partnership between Aldar and Arada. (corroborated by 3 sources)
- The Aljada development covers 2.2 million square meters and is expected to eventually contain approximately 25,000 residential units. (corroborated by 2 sources)
- The Aljada project has an anticipated total gross sales value of AED 35 billion. (corroborated by 2 sources)

## Timeline

### 2026-10-15: Aldar Properties acquires Sharjah residential assets for $300 million

Aldar Properties is making its first investment in Sharjah, acquiring 1,100+ residential units in the Aljada development from Arada for AED 1.1 billion ($300 million).

6 sources. https://clstr.news/cluster/aldar-properties-acquires-sharjah-residential-assets-for-300-million

### 2026-10-04: Sharjah real estate sees rising rents and new residential developments

Sharjah's real estate market shows rising rental demand and expansion, with rents up 1.8% and the Dh3.5 billion Al Tay Hills project set to deliver 1,100 new family homes.

2 sources. https://clstr.news/cluster/sharjah-real-estate-sees-rising-rents-and-new-residential-developments

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Cite as: Sharjah residential real estate market expansion. CLSTR, https://clstr.news/situations/sharjah-residential-real-estate-market-expansion