People leaving Dubai..!? sharjah is everything now..!

dubai is the fastest-growing city in the world. But correspondingly the cost of living here has also increased at a rocket speed. Due to this, most of the indians have started leaving dubai for Sharjah. sharjah is an almost 7,000-year-old city, located north of dubai where most of the indians have started concentrating their investments. Not only that, many employees and indians working here are migrating to sharjah from Dubai. It was only two years ago that restrictions on foreigners owning property in sharjah were lifted. After this, the attention of most foreigners is currently in Sharjah. Especially investors from india are making more investments in Sharjah.

Over the past few years, many people have been moving to dubai for banking, lawyers, and other white-collar jobs. However, providing housing for them is a big problem for Dubai. Due to increased demand, house rents and property values in dubai have increased rapidly. This means that the value of house rents in dubai has increased by 86 percent in the last four years alone. home values and rents in dubai have risen for 16 consecutive quarters.
That is why many people prefer to move towards Sharjah. Almost most of the facilities available in dubai are also available in Sharjah. But compared to dubai the costs are less. So it is advisable to go there, say those who have recently moved to Sharjah. Due to this, real estate companies from dubai have also started buying land in sharjah and building and selling apartments. In particular, Arada Real Estate, owned by the prince of Saudi Arabia, is currently building a huge apartment complex in Sharjah. indians accounted for 29 percent of home buyers in this residential area.
This is 8.7 percent more than last year. Arada Real Estate is currently building this apartment near dubai Airport. It is a 20-minute drive from dubai Airport. The price per square foot when the construction started was 650 drams to 1400 drams now. This shows that the demand for housing here has increased. Costs in sharjah are 30 percent lower than in dubai, making it a preferred choice for many. Currently, 20 lakh people live in Sharjah.
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Sowmiya Sriram

01/10/2024 06:35 PM