Properties for sale in Industrial Area

Sharjah is the cultural capital of the UAE and has two coastlines – the Indian Ocean and Arabian Gulf. It has the most diversified economy among all the other Emirates as it is famous for both investment in real estate for residential as well as commercial purposes. Sharjah is also an industrial hub. Some 40% of the properties in Sharjah is dedicated to the industrial area. It is an area comprising related real estate options. The land is divided into commercial plots, industrial land, shop, mixed-used land, and warehouses while there are also a few residential buildings as well. The nearby areas to the properties in Industrial Area are Al Tai and Al Ramla.

Types of Properties in Industrial Area

There are huge warehouses available on sale in Industrial Area. Some of the commercial warehouses are newly built. These warehouses comprise multiple office spaces, several bathrooms, huge parking area, and backside area. The warehouses in Industrial Area have high electric power of up to 500K. They are centrally air-conditioned and come with amenities like broadband internet and intercom. Meeting/Conference room is also built inside the warehouses. Some of them have sheds, open yards and labour camps within one plot. Shops that are available on sale in Industrial Area have open sheds with a different number of offices and labour rooms as well. Commercial plots in Industrial Area comprise several numbers of individual plots with boundary wall that have offices spaces and have SEWA which is fully functional. Some of the commercial plots have permission to be used for offices, retail and industrial purposes. One more floor can be built on the plots as well. The labour camps have big kitchens and have more than 50 rooms that can accommodate six persons each.

Sale Price Trend for Properties in Industrial Area

The prices vary as per the offered amenities and location of the property. The sale price of commercial plots in Industrial Area ranges from 3,735,000 to AED 23,000,000. Some commercial plots’ price is based on per square feet area. Mostly AED 280/per square feet is charged. On an average, the sale price of a labour camp is AED 1,400,000 whereas, the sale price of shops on an average is AED 12,000,000. Some of the real estate agents charge 1% of the price of the property while the transfer fee is also to be paid by the buyer. The sale price trend for warehouses ranges from AED 19,000,000 to AED 45,500,000.

Popular Areas of Industrial Area

The only residential unit of Industrial Area is the labour camps. For facilitating the workers of the area, there are hospitals, canteens, restaurants and commuting sources in the area. Al-Kadi Medical Center, Advanced Systems Medical and Healer Medical LLC are within few minutes’ drives away from the commercial and residential community of Industrial Area. Many small canteens such as Noor Al Taif Cafeteria and Najmat Ul Shajaa are located near warehouses and labour camps. Nearby restaurants include Shamiana, McDolands, Habat Al Aruz Restaurant, and Kamat Restaurant.

Reasons for Investing in Industrial Area

Industrial Area is a freehold property which makes it more convenient for expats to invest in the area as well. The commercial properties can be used for multiple purposes by the buyer. The warehouses are ideal to be used for logistics and storage purposes. Investing in an area such as Industrial Area which is part of the long-term plan of the Government of Sharjah that aims to flourish the industrial area can be beneficial. This area is strategically built on Emirates Road E611 which is near Sharjah International Airport and Al Hamriya Port. Some well-known developers who can facilitate purchase for buyers and investors are Al Khadim, Shualla, Cluttons, Emirates Access Real Estate and Al Sarab.