Sharjah Real Estate Registration Department discloses that in November 2023, the volume of real estate transactions in Sharjah reached Dhs2.6 billion.
The total number of transactions was 4,079, covering an area of 10.6 million square feet. This indicates that Sharjah remains a preferred destination for foreign and Arab investors, with a safe and attractive investment environment, leading to a continuous increase in foreign investments, especially in the real estate sector.
The report classifies transactions into sales, mortgage, and other trading transactions. Sales transactions accounted for 20.2% (822 transactions), mortgage transactions for 8% (327 transactions with a value of AED 434.5 million), and other trading transactions for 71.8% (2,930 transactions). The transactions encompass various types of real estate, including residential, commercial, industrial, and agricultural properties.
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The “Muwailih Commercial” area stood out with the highest number of sales transactions (130 transactions) and the highest trading volume (Dhs159.2 million). Other active areas included “Al-Mazairah,” “Al-Khan,” and “Rawdat Al-Qart.”
The report also highlighted the growth in the real estate market in Sharjah, with transactions worth Dhs1.9 billion recorded in July 2023. The government’s strategy to diversify income sources has contributed to the sector’s development, making it a significant contributor to the emirate’s economy. Anticipated further growth is expected in the coming months, with new projects planned and implemented according to international standards.
In July 2023, the total number of transactions was 2,783, with sales transactions accounting for 24.6% (684 transactions). Mortgage transactions constituted 16.1% (447 transactions with a value of Dhs420.1 million), while other transactions made up 59.3% (1,652 transactions). The sales transactions covered various types of lands in 96 areas across Sharjah.
“Mezair’ah” led in the number of sales transactions, followed by “Muwaileh Commercial,” “Al-Khan,” and “Al-Majaz 3.” In terms of monetary value, “Muwaileh Commercial” had the highest value, followed by “Al-Sajaa Industrial,” “Al-Rigaibah,” and “Al-Khan.”
The central region focused on “Al-Qasimia” and “Al-Blida” areas, while Khor Fakkan saw transactions in Al-Haray industrial and residential areas. In Kalba, commercial areas like Sur Kalba and Al-Saf recorded transactions, with Al-Saf having the highest monetary value.
