The real estate market in Sharjah is showing continuous growth, with a trading value of Dh3.9 billion across various areas and cities within the emirate in July 2024, as reported by the 'Real Estate Market Performance Report' from the Sharjah Real Estate Registration Department.
A total of 4,146 transactions were recorded, involving 13.8 million square feet in sales. This growth underscores the market's appeal and its increasing capacity to draw in local, Arab, and international investors. The market offers diverse investment opportunities, robust infrastructure, and equitable regulatory frameworks, all of which create solid prospects for investors.
New real estate projects from both public and private sectors are being launched in multiple areas, driven by population growth and the influx of expatriates for investment or work purposes. The report detailed that 4,146 transactions were completed in July, with 1,460 being sales transactions, accounting for 35.2% of the total. Mortgage transactions numbered 385, making up 9.3% of the total with a value of Dh1.4 billion, while the remaining 2,301 transactions constituted 55.5% of the total.
Sales transactions occurred in 119 areas across Sharjah's cities and regions, involving residential, commercial, industrial, and agricultural lands. Specifically, 568 land transactions, 544 built-on land transactions, and 348 tower unit sales were recorded. In Sharjah City, 1,304 sales transactions were noted, with 'Muwaileh Commercial' leading at 352 transactions, followed by 'Tilal' with 145, 'Rawdat Al Qart' with 127, and 'Al-Khan' with 89.
In terms of trading value, 'Muwaileh Commercial' topped again with Dh251 million, followed by 'Tilal' with Dh232.9 million, 'Al Sajaa Industrial' with Dh139.4 million, and 'Hoshi' with Dh88.6 million. The Central Region saw 110 sales transactions, predominantly in 'Al Qasimia City' with 77 transactions and a trading value of Dh55.4 million. Khor Fakkan recorded 26 sales transactions, with 'Hay Al Harai Industrial' leading in transactions at 7 and 'Hayawa 4' in value at Dh3 million. Finally, Kalba city had 18 sales transactions, led by 'Al Tarif 5' with 6 transactions and a trading value of Dh3.7 million.
