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Arabian Business: New property law could soon boost Sharjah prices

  • December 20, 2018
  • Arada
  • 0
Arabian Business: New property law could soon boost Sharjah prices

Bayut.com says increased interest in property sales in Sharjah is likely following the changes announced in April

 

Arabian Business: 3 August, 2018

Property prices in Sharjah could rebound later this year on the back of changes to real estate laws which allow non-residents to own property in the emirate, according to a new report.

Real estate website Bayut.com said increased interest in property sales is likely following the changes announced in April.

Its latest report covering the first half of 2018 said there was good news for both buyers and renters in Sharjah as prices fell in most areas.

Decreases in average apartment sales prices were on average between 1-10 percent over the past year.

Bayut said Al Majaz was the most popular for apartment sales in H1, with the average price for a 2-bed property reaching AED741,000.

Read the full article in Arabian Business.

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