HIGHLIGHTS
- Renting property
- Buying property
- Getting around
- Popular buildings
- Schools & clinics
- Malls & restaurants
- Things to consider
ABOUT AL MAMZAR SHARJAH
Stretched like a u-shaped waterfront corridor, Al Mamzar Sharjah is a charming residential neighbourhood. It is in proximity to the Dubai-Sharjah border and is surrounded by the creek that extends to the Arabian Gulf. The community is basically an extension to Al Mamzar in Dubai and offers affordable accommodation to locals and expatriates, alike. Here, you will find a series of apartment buildings forming a closely-knit community. In fact, as per Bayut’s 2019 H1 Market Report, Al Mamzar is one of the most popular areas for renting and buying apartments in Sharjah.
POPULAR AREAS |
ROI |
STUDIO
Avg. Sales PriceChange from H2 2018 |
1 BED APT
Avg. Sales PriceChange from H2 2018 |
2 BED APT
Avg. Sales PriceChange from H2 2018 |
---|---|---|---|---|
Al Majaz |
ROI
6.8% |
STUDIO
Avg. Sales PriceChange from H2 2018
|
1 BED APT
Avg. Sales PriceChange from H2 2018
|
2 BED APT
Avg. Sales PriceChange from H2 2018
|
Al Khan |
ROI
5.9% |
STUDIO
Avg. Sales PriceChange from H2 2018
|
1 BED APT
Avg. Sales PriceChange from H2 2018
|
2 BED APT
Avg. Sales PriceChange from H2 2018
|
Al Nahda |
ROI
5.8% |
STUDIO
Avg. Sales PriceChange from H2 2018
|
1 BED APT
Avg. Sales PriceChange from H2 2018
|
2 BED APT
Avg. Sales PriceChange from H2 2018
|
Sharjah University City |
ROI
2.3% |
STUDIO
Avg. Sales PriceChange from H2 2018
|
1 BED APT
Avg. Sales PriceChange from H2 2018
|
2 BED APT
Avg. Sales PriceChange from H2 2018
|
Al Mamzar |
ROI
5.7% |
STUDIO
Avg. Sales PriceChange from H2 2018
|
1 BED APT
Avg. Sales PriceChange from H2 2018
|
2 BED APT
Avg. Sales PriceChange from H2 2018
|
Not available due to low/no historical inventory or influx of off-plan properties |
IN A NUTSHELL
- Al Mamzar is a creek-side residential stretch
- A self-sufficient neighbourhood in Sharjah
- Features 1 to 4-bedroom apartments
- An extension to the island in Dubai
- Lying alongside the border of Sharjah and Dubai
- 5th most popular region for buying apartments
NEIGHBOURHOOD
COMMUNITY OVERVIEW
The residential district shares borders with Dubai and mostly comprises apartment buildings. Besides the sandy beach, it is in proximity to Al Mamzar Beach Park and several reputable schools. Therefore, many families prefer living in Al Mamzar Sharjah.
Also, with real estate prices relaxing throughout the year, it makes for a sought-after community in the family-oriented emirate. Having sun-kissed beaches and happening parks in the vicinity, Al Mamzar is a lively community with bustling streets.
PROPERTIES IN AL MAMZAR SHARJAH
Properties in Al Mamzar Sharjah are a mix of apartments and beach-side villas, however, these villas are mostly occupied by the locals but, there is a wide range of several beach-side apartment buildings in the community open for renting and buying. It won’t be wrong to say that Al Mamzar is a haven for those who prefer to live in close-knit communities and apartment complexes.
It might be more convenient for middle-income earners to go for rental units than buying an apartment in Al Mamzar. However, from the investors’ point of view, this might be the right time. Prices are low as seen in Bayut’s real estate report for 2019.
Rental Trends in Al Mamzar, Sharjah
Apartment Type | Average Rental Price in AED |
---|---|
Apartment Type 1-Bed | Average Rental Price in AED 35,000 |
Apartment Type 2-Bed | Average Rental Price in AED 50,000 |
Apartment Type 3-Bed | Average Rental Price in AED 67,000 |
Apartment Type 4-Bed | Average Rental Price in AED 96,000 |
You will come across a variety of accommodation options. First, one can choose from a range of rental apartments in Al Mamzar Sharjah. If you have moved to the Emirate for work and are looking for a cosy yet affordable place to live, consider renting 1-bed apartments here. With covered areas ranging from 850 sq. ft. to 1,200 sq. ft., these flats are available for AED 15k to AED 40k per annum.
Similarly, a typical 2-bedroom apartment will cost anywhere between AED 31k to AED 55k, per annum, while a 3-bedroom flat in Al Mamzar Sharjah cost an average of AED 60k. These rents would increase for a bigger unit, per se, a 4-bedroom flat for rent has an annual cost of AED 85k to AED 140k depending on the date of construction and completion.
Waterfront villas are more spacious ranging in configurations from 4 to 5-bed units spanning over 6,000 sq. ft. Likewise, these properties cost much higher also because of the location in the city. One can expect to pay around AED 300k per annum for such units.
Sales Trends in Al Mazar, Sharjah
Apartment Type | Average Selling Price in AED |
---|---|
Apartment Type 1-Bed | Average Selling Price in AED 519,000 |
Apartment Type 2-Bed | Average Selling Price in AED 821,000 |
Apartment Type 3-Bed | Average Selling Price in AED 1,204,000 |
If you want to buy apartments for long-term, a 1-bedroom unit will cost you somewhere between AED 550k to AED 5600k. Those looking to invest in a bigger flat can go for 2-bed apartments for sale, for this, you will need to shell out approximately AED 1M while the selling cost of 3-bedroom apartment in Al Mamzar lies somewhere between AED 1.1M to AED 1.3M.
ROI in Al Mamzar Sharjah
Apartment Type | ROI |
---|---|
Apartment Type 1-Bed | ROI 4.7% |
Apartment Type 2-Bed | ROI 7.3% |
Apartment Type 3-Bed | ROI 4.4% |
2-bedroom units offer the highest ROI of 7.3%. While, the rental yield for 1-bedroom apartments is 4.7%, and 3-bed flats follow behind with an ROI of 4.4%.