The Sharjah Real Estate Registration Department has announced a 17.7 per cent rise in real estate transaction values in the emirate’s Central and Eastern regions during the first half of 2024. According to the department’s semi-annual report, the total value reached AED 646M.
The report states that 14,395 real estate transactions were recorded, encompassing a traded area of 21.7 million square feet.
Sharjah real estate growth
“The real estate in the Central and Eastern regions achieved new record levels during the first half of this year,” said Omar Al-Mansouri, Director of the Branches Department.
He added, “The interest and support provided by the Sharjah Government for the ongoing development of infrastructure and legislation have had a positive impact on supporting and developing the real estate sector in the emirate’s various cities.”
The Central Region accounted for AED 284.2M of the total trading value, while KhorFakkan, Kalba, and Dibba Al-Hisn contributed AED 179.6M, AED 170.7M, and AED 11.5M respectively.
The report also disclosed 246 mortgage transactions, amounting to AED 279.7M.
In the Central region, there were 281 sales transactions across 36 areas, with Al-Qasimia city leading at 142 transactions.
KhorFakkan recorded 137 transactions in 22 areas, with Al-Bardi 4 area having the highest at 23 transactions. Kalba registered 63 transactions in 22 areas, led by Al-Taraif 5 with 12 transactions. Dibba Al-Hisn had 13 transactions across 3 areas, with Al-Shamali district accounting for 9 of these.