In a testament to its robust growth, Sharjah’s real estate market has recorded an impressive trading value of Dh3.9 billion across various regions and cities within the emirate during July 2024. The Sharjah Real Estate Registration Department recently highlighted these figures in the “Real Estate Market Performance Report.”
During this period, they executed 4,146 transactions, covering a vast traded area of 13.8 million square feet in sales. The ongoing success of Sharjah’s real estate market underscores its appeal to a wide range of investors—local, Arab, and international—thanks to the emirate’s diverse investment options, solid infrastructure, and transparent regulatory framework. The growing population and the influx of expatriates seeking investment or employment opportunities in Sharjah drive these elements, along with the launch of numerous new real estate projects by both public and private sectors.
The report details that out of the 4,146 transactions carried out in July, 1,460 were sales transactions, constituting 35.2% of the total. Additionally, mortgage transactions accounted for 385, representing 9.3% of the total, with a combined value of Dh1.4 billion. The remaining 2,301 transactions, or 55.5% of the total, were classified under other real estate activities. Sales activities spanned 119 areas within Sharjah’s cities and regions, covering various property types, including residential, commercial, industrial, and agricultural lands. The breakdown of properties sold includes 568 plots of land, 544 built-up plots, and 348 units within tower buildings.
Sharjah City alone witnessed 1,304 sales transactions, with the “Muwaileh Commercial” area leading with 352 transactions.
This was followed by “Tilal” with 145 transactions, “Rawdat Al Qart” with 127, and “Al-Khan” with 89 transactions.
In terms of trading value, “Muwaileh Commercial” once again topped the list with a trading value of 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, officials reported 110 sales transactions, with “Al Qasimia City” leading as the focal point with 77 transactions and a trading value of Dh55.4 million.
Khor Fakkan recorded 26 sales transactions, with “Hay Al Harai Industrial” area topping in sales at 7 transactions, while “Hayawa 4” stood out in trading value, reaching Dh3 million.
Lastly, Kalba City registered 18 sales transactions, led by the “Al Tarif 5” area, which accounted for 6 transactions and achieved the highest trading value of Dh3.7 million.
