The Sharjah Real Estate Registration Department released its report on the “Real Estate Trading Movement” for August 2024. The report disclosed that the total value of real estate transactions across various regions and cities in Sharjah reached AED 2.8 billion in August, encompassing 3,055 transactions covering 7 million square feet of land.
The statistics indicated that the total number of transactions during this period was 3,055. Sales transactions accounted for 1,054, representing 34.5% of the total, while mortgage transactions numbered 342, constituting 11.2% of the total with a value of AED 677 million. The remaining 1,659 transactions made up 54.3% of the total.
Sales transactions occurred in 105 areas spread across the emirate's cities and regions. These transactions involved residential, commercial, industrial, and agricultural lands. The types of properties traded included 403 vacant lands, 242 built-in lands, and 409 sub-divided tower transactions.
In Sharjah city, the total sales transactions amounted to 948. The “Muwailih Commercial” area led in sales transactions with 271, followed by “Tilal” with 86, “Al-Khan” with 83, and “Rawdat Al-Qart” with 77 transactions. The “Muwailih Commercial” area also topped the list in cash trading volume with AED 238.5 million, followed by “Tilal” with AED 136.7 million, “Al-Mamzar” with AED 89.9 million, and “Al-Sajaa Industrial” with AED 89.3 million.
In the central region, the total sales transactions were 78, with “Al-Qasimia City” recording the highest with 52 transactions and a cash trading volume of AED 30 million. In “Khorfakkan” city, 12 sales transactions occurred, with “Al-Harai Industrial District” and “Al-Harai Commercial District” each recording 3 transactions. “Al-Gharb District” had the highest cash trading volume with AED 1.6 million.
Finally, in Kalba city, there were 16 sales transactions, with “Kalba Commercial” and “Al-Sur 4” each recording 3 transactions. The “Al-Sur 1” area had the highest cash trading volume with AED 4.1 million.
