Sharjah’s real estate market continued its robust growth in July 2024, reaching a total trading value of Dh3.9 billion, according to the latest “Real Estate Market Performance Report” from the Sharjah Real Estate Registration Department.
This figure reflects the ongoing appeal of the emirate’s property sector, drawing in local, Arab, and international investors with its diverse investment opportunities, strong infrastructure, and transparent regulatory framework.
The report highlights that Sharjah recorded 4,146 real estate transactions in July, with sales transactions accounting for 1,460, or 35.2% of the total. Mortgage transactions totaled 385, representing 9.3% of the transactions and amounting to Dh1.4 billion. The remaining 2,301 transactions, making up 55.5% of the total, included various other real estate dealings.
Sales activity spanned 119 areas across Sharjah, covering residential, commercial, industrial, and agricultural lands. The types of properties sold included 568 land plots, 544 built-on lands, and 348 units in residential towers.
Sharjah City emerged as a hotspot, with 1,304 sales transactions. The “Muwaileh Commercial” area led the way with 352 transactions, followed by “Tilal” with 145, “Rawdat Al Qart” with 127, and “Al-Khan” with 89 transactions. In terms of trading value, “Muwaileh Commercial” again topped the list with Dh251 million, followed by “Tilal” at Dh232.9 million, “Al Sajaa Industrial” at Dh139.4 million, and “Hoshi” at Dh88.6 million.
In the Central Region, 110 sales transactions were recorded, with “Al Qasimia City” accounting for 77 of these and achieving the highest trading value of Dh55.4 million. Khor Fakkan saw 26 sales transactions, with “Hay Al Harai Industrial” leading in transaction numbers and “Hayawa 4” leading in trading value at Dh3 million. In Kalba city, 18 sales transactions were noted, with “Al Tarif 5” leading both in transaction numbers and trading value, the latter reaching Dh3.7 million.
These impressive figures underscore Sharjah’s growing appeal as a real estate hub, buoyed by new projects from both public and private sectors, catering to the emirate’s expanding population and influx of expatriates.
