Sharjah Real Estate sector witnessed unprecedented growth in 2024, with transaction volumes reaching AED 40 billion, marking a 48% increase compared to 2023. This represents the highest trading volume since 2008, showcasing Sharjah’s appeal as a prime investment destination.
Record-Breaking Investment Growth
Abdulaziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Department, highlighted that 120 nationalities invested in Sharjah’s real estate market in 2024, compared to 103 in 2023. This growth reflects the emirate’s stable economy and investor-friendly policies, including the allowance of real estate ownership for non-citizens and Gulf nationals.
Key figures include:
- Emirati investments: AED 19.2 billion (48% of total).
- Arab citizens: AED 7 billion (17.5% of total).
- Foreign nationals: AED 11.5 billion (28.8% of total).
In total, 45,676 properties were traded, a sharp increase from 31,229 in 2023.
Infrastructure and Population Expansion
Population growth and urban development, coupled with infrastructure investments in roads and public facilities, have fueled demand. Muwailih Commercial emerged as the most active area for transactions, leading in mortgage activity (AED 2.1 billion) and initial sales contracts (3,328 transactions worth AED 3.5 billion).
Real Estate Projects and Ownership Policies
Sharjah registered 14 new projects in 2024, including residential, commercial, and industrial developments. These projects align with Executive Council Resolution No. (30) of 2022, which expanded ownership rights to non-citizens and Gulf nationals, fostering continued growth into 2025.
Sharjah’s real estate market continues to thrive, bolstered by investor confidence, supportive policies, and strategic infrastructure developments. The sector’s remarkable performance in 2024 underscores its potential for sustained growth in the years ahead. Sharjah’s leadership remains committed to fostering economic growth and investor trust. Continued advancements in real estate policies, infrastructure, and urban expansion will further enhance Sharjah’s position as a leading hub for both local and international investments in 2025. This momentum underscores Sharjah’s vision for sustained growth and prosperity.