Real estate transactions in Sharjah’s Central and Eastern regions surged to AED 1.3B in the first nine months of 2024, up 57.6 percent from last year, according to the Sharjah Real Estate Registration Department. This report covers 22,059 transactions across 37 million square feet of land.
Omar Al Mansouri, Director of Branches Department at the Sharjah Real Estate Registration Department, credited the record levels to Sharjah Government’s infrastructure and legislative developments, which have bolstered the sector across the emirate. He noted that new real estate and tourism projects, such as roads, hotels, and resorts, combined with advanced infrastructure, have made these areas highly attractive to investors, both local and international, contributing to robust market growth. Al Mansouri emphasised the department’s focus on implementing standards and regulations to support economic development and the real estate sector’s prosperity.
Across four branches, these transactions represented 4.7 percent of Sharjah’s total trading volume. The Central region saw AED 810.3M (2.9 percent), Khorfakkan AED 262.4M (0.9 percent), Kalba AED 234.6M (0.8 percent), and Dibba Al Hisn AED 15.5M (0.1 percent).
The Central region recorded 577 sales transactions across 41 areas, totalling AED 464.9M. Al Qasimia led with 346 transactions, followed by Al Maashi with 24. Khorfakkan logged 194 transactions valued at AED 114.6M, with Hay Al Harai Industrial leading. Kalba registered 118 transactions worth AED 78.9M, led by Al Tarif 5. Lastly, Dibba Al Hisn saw 16 transactions valued at AED 12.3M, with Hay Al Shamali accounting for the majority.
