“Navigating Sharjah’s Skyline: A Conversation with Mosab Al Halaby”
In the ever-evolving landscape of Sharjah’s real estate, few names stand out as prominently as Mosab Al Halaby. With a keen eye for development and a deep understanding of market dynamics, Al Halaby has a passion for connecting people with their dream properties, in the Sharjah market, UAE, with dedication and honesty.
Today, we sit down with this esteemed real estate expert to delve into the intricacies of property investment, market trends, and the future of urban living in Sharjah.
How did you become passionate about real estate, especially in the Sharjah market?
It all started when i was 16 years old i had the passion of selling anything i can sell then when i first came to the UAE i started immediately in the real estate market and i found that i love everything about it especially meeting all kind of people and every person that you meet as a realtor can teach something new and now i opened my own company (Vision X Real Estates) and i am planning to make a difference in the real estate of Sharjah.
What types of properties are most sought after in Sharjah currently?
If we are talking about apartments then it is the 2 and 3 bedrooms because most of the people who are living in sharjah are family but if we are going to the townhouses side then the 3 bedrooms is the most preferred option.
How do you navigate the balance between connecting clients with their dream properties and closing successful deals?
The most important thing is not to get to greedy on closing the deal but most importantly is to build that long term relationship with your client because it shouldn’t be one time thing that you close and then it is done but it should be that you took the time and did your research to find the perfect option that fit your client requirements and then the client will be happy and always we should remember that our job is to advise our clients not to sell.
What unique features or attractions make Sharjah an appealing location for real estate investment?
Now there are many factors that are making Sharjah an attractive place to invest in such as:
– The location of the Sharjah emirate that is between Ajman and Dubai.
– Sharjah is a family oriented environment.
– Sharjah just started with the free-hold owning laws.
– The cost of living in Sharjah can reduce up to 50% from Dubai.
– Payment Plan for all the projects that are in Sharjah is very attractive for investors because you will always pay less during construction and more on handover and in that case your cash that you are investing is less and the returns are higher.
There are not that many challenges but the most common one was free-hold and lease-hold but the government is already working on it where they made all the kind of properties inside communities free-hold and they are working on changing the old unit to free-hold as well, Also i can say that there is no clear data in the Sharjah real estate market unfortunately so you need to be with a trusted property adviser to make the right choice.
Can you share a memorable success story where you helped a client find their perfect home in Sharjah?
One of many successful stores i had with my investors is i had a client who is form Australia and he was planning to come with his family to buy a property in Dubai and he said that he saw one of my videos on my social media and it changed his mind on Dubai and he is now thing of Sharjah as well then we did a Zoom call to discuss all the needed details and i explained the whole market and the difference between Dubai and Sharjah and he was surprised with what Sharjah has to offer and we went for the next downtown they are building in Sharjah by ARADA he really liked the project and after a long discussion and explanation they closed the deal on a 3 bedrooms apartment that is off plan and as today his property price went 30% higher in the price.
How do you stay updated on market trends and property values in Sharjah?
I think because there is no live data available. You should work extra on yourself and try to follow all the social media pages that are related to your field and keep going to please that you can learn something new from it.
What role does sustainability play in your real estate recommendations?
Now this is a very important thing the new real estate market because i think it will be the future and a must same of electric cars, and the best part is that there is one project who is called Sharjah Sustainable City and they used the solar system where it can reduce your monthly bills up to 50% and this is only one thing from many that will come.
What advice would you give to first-time buyers or investors looking to enter the Sharjah market?
My advice will always be that you need to do your research and find the right person that can advise you and make it happen for you and always focus on the history of the developer and what is his vision and the vision of the surrounding area you are planning to buy in.
What are your vision about the latin american market? Any transaction so far? do you envision any potential?
From my own experience it is not that growing market over here in Sharjah but I had a couple of clients and investors from Venezuela and I think there is a lot of potential in Argentina and it is only a matter of reaching out to those investors and explaining what they will get by investing here and my company is planing in the long term plan to reach out to the latin american market.
For more information on Mosab Al Halaby & Company, please visit : https://mosabalhalaby.com
