Al Majaz Overview
Al Majaz is a premium residential district in central Sharjah, built around the landscaped Al Majaz Waterfront on Khalid Lagoon. It recorded the strongest price appreciation in Sharjah at +51% in 2024.
Quick Facts
Freehold
Select projects
Price Entry Point
AED 300K (studio)
Avg. Gross Yield
5–6%
Price Growth 2024
+51%
Key Feature
Khalid Lagoon views
Character
Premium lakefront
Who It's For
Ideal For
- End-users wanting Sharjah's best address
- Capital-growth investors
- Professionals working in Sharjah CBD
- Lifestyle seekers wanting waterfront dining and parks
Not Ideal For
- Budget yield investors
- Those needing freehold in all buildings
- Families wanting villa-style living
- Investors seeking highest ROI percentages
Pros & Cons
Advantages
- ++51% price growth in 2024
- +Premier lifestyle location with parks and dining
- +Khalid Lagoon views
- +Central location with government offices nearby
Disadvantages
- −Higher entry prices than most Sharjah areas
- −Lower yields (5-6%) compared to budget areas
- −Limited parking in peak hours
- −Not all buildings offer freehold ownership
Property Types & Prices
| Type | Size Range | Sale Price | Annual Rent | Gross Yield |
|---|---|---|---|---|
| Studio | 350-500 sq ft | AED 300K - 550K | AED 18-28K/year | 5-6% |
| 1 Bedroom | 650-900 sq ft | AED 400K - 800K | AED 28-42K/year | 5-6% |
| 2 Bedroom | 1,000-1,500 sq ft | AED 650K - 1.5M | AED 38-60K/year | 5-6% |
| 3 Bedroom | 1,500-2,200 sq ft | AED 1M - 2.5M | AED 55-85K/year | 4-5% |
Source: Bayut 2025 Annual Report / SRERD. Verify at srerd.gov.ae
Investment Outlook
Al Majaz is a premium residential district in central Sharjah, built around the landscaped Al Majaz Waterfront on Khalid Lagoon. It recorded the strongest price appreciation in Sharjah at +51% in 2024. The area continues to attract investors seeking strong yields at competitive price points relative to Dubai.