Sharjah's real estate sector witnessed a significant surge in transactions during November 2024, reaching a total value of Dh4 billion. The month saw a total of 4,606 transactions covering 20.4 million square feet, according to data released by Sharjah's Real Estate Registration Department.
Out of the total transactions, 1,522 were sales, accounting for 33% of the total. Mortgage transactions stood at 339, representing 7.4% of the total, with a value of Dh668 million. The remaining 2,745 transactions, making up 59.6% of the total, included various other types of deals.
Sales transactions were spread across 116 areas in Sharjah, involving residential, commercial, industrial, and agricultural properties. Among these, 925 were land transactions, 322 involved units in towers, and 275 were built-in land transactions. The Muwailih Commercial area recorded the highest-value deal at Dh180 million, as well as the highest mortgage transaction on a built-in land worth Dh51 million.
In terms of sales volume, Muwailih Commercial led with 161 transactions, followed by Hay Hoshi with 104, Al Khan with 85, and Umm Funain with 83. The trading volume in Muwailih Commercial reached Dh470.7 million, while Umm Funain, Hay Hoshi, and Al Khan followed with Dh157.8 million, Dh104.5 million, and Dh94.6 million respectively.
In the central region, Al Qasimia city dominated with 473 transactions, amounting to Dh334.2 million. Khorfakkan city saw 16 sales transactions, with Al-Batha 4 area recording the highest trading volume of Dh5.7 million. Kalba city had 15 sales transactions, with Al-Sur 4 area leading in trading volume at Dh3.2 million.
Sharjah continues to strengthen its reputation as a dynamic real estate hub, offering a blend of cultural richness and modernity. The emirate's supportive legislative environment and competitive prices make it an attractive destination for investors and families seeking security, comfort, and luxury.
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