Sharjah, UAE — An investor in India can now buy a three-bedroom townhouse in Sharjah for about Rs 5.5 crore and pay only 30% of it before a 2029 handover.
Azizi Developments opens a sales centre for Azizi Florence, its AED 30 billion master plan, on 14 October, with three-bedroom homes from AED 2.09 million on a 30/70 payment plan.
The 30% construction-stage payment, about AED 627,000, fits inside one person’s yearly remittance limit from India. The 70% due at handover does not.
Azizi is also waiving 2% of the Sharjah Real Estate Registration Department (SRERD) fee for the day. On the standard 4% fee, that saves about AED 41,800, or roughly Rs 11 lakh, based on a fee level reported by Khaleej Times.
Azizi Florence Sharjah prices sit at AED 789 a sq ft, against AED 1,369 in Dubai’s The Valley
A Bayut listing describes the AED 2.09 million unit as a 2,650 sq ft townhouse, about AED 789 per sq ft, freehold for all nationalities, with handover in the fourth quarter of 2029.
Villas in Emaar’s The Valley in Dubai averaged AED 1,369 per sq ft in the first half of 2026, according to dubizzle. Ready villas in Sharjah’s Tilal City were advertised at AED 931 in 2025, Bayut data show.
The discount comes with a trade-off. This is Sharjah, not Dubai, though Azizi says the site on Sheikh Mohammed Bin Zayed Road is 20 minutes from Dubai International Airport.
Sharjah’s market is also slower. SRERD recorded AED 29.5 billion of transactions in the first half, up 9.3%, while Abu Dhabi’s sales value rose 163.7%.
Rs 5.5 crore buys about 4,100 sq ft in Gurugram at ANAROCK’s average
Per square foot, Florence is not cheap for an Indian buyer. At about 26.2 rupees to the dirham, AED 789 works out to roughly Rs 20,700, above ANAROCK’s second-quarter averages of Rs 13,350 in Gurugram and Rs 9,450 in Bengaluru.
The case rests on rent and currency.
Savills puts Sharjah villa yields at 5% to 6%, and Bayut recorded 5.85% in Tilal City in 2025. ANAROCK puts Gurugram at 4.3% and Bengaluru at 4.6%. The dirham, pegged to the US dollar, has gained 6.84% against the rupee so far in 2026, according to exchange-rates.org, a gain that can reverse.
India’s USD 250,000 LRS cap covers the 30%, not the AED 1.46m handover bill
Under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS), one person can send USD 250,000 a year, about AED 918,000. The AED 1.46 million due in 2029 is more than one and a half years of that allowance.
A single buyer will need a family member’s limit or a UAE mortgage to close. Remittances above Rs 10 lakh a year attract 20% tax collected at source, refundable through tax returns.
Rent is taxed in India too. A resident Indian pays tax on UAE rental income under house property rules, with a 30% standard deduction, and gets no foreign tax credit because the UAE levies no personal income tax. The property must also be declared in Schedule FA of the income tax return.
Indians bought 1,657 Sharjah properties in the first half, the most of any foreign group, SRERD says. The department counts buyers by nationality, not by where they live.
Azizi has not said why September’s townhouses started at AED 1.89m
Group chief executive Farhad Azizi said the sales centre and its furnished mock-up apartment let buyers decide “standing inside the product”. At the groundbreaking a week earlier, he said lasting value comes from disciplined execution rather than ambition.
What is not yet disclosed: whether prices have moved. Khaleej Times reported in September that three-bedroom townhouses started at AED 1.89 million, at AED 850 per sq ft. The new figure is lower per sq ft, which points to a bigger unit, but Azizi has not confirmed this.
The release also omits the official handover date, units on sale, fee-waiver eligibility, service charges and the main contractor.
10,000 homes in one plan, on top of 150,000 units under construction
The main risk is execution. Azizi says it has about 150,000 units under construction, and Florence is its first project in Sharjah. The 30/70 plan limits what a buyer has paid if construction slips, but it leaves the largest bill at the point where a delay bites.
Resale is the other constraint. Florence alone plans more homes than Sharjah sold in the first half, when the emirate recorded 13,501 residential deals, and investors hoping to sell before handover will compete with Azizi’s own later phases. Buyers who plan to hold and rent face less of that pressure.
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