Sharjah Real Estate Achieves AED 3.9 Billion Growth In July 2024

The real estate market in Sharjah is thriving, with a trading value of AED 3.9 billion recorded across various areas and cities in the emirate during July 2024. This data comes from the "Real Estate Market Performance Report" by the Sharjah Real Estate Registration Department. The total number of transactions reached 4,146, covering an area of 13.8 million square feet.

Sharjah's real estate market continues to attract local, Arab, and foreign investors due to its diverse investment options, robust infrastructure, and fair regulatory framework. The emirate's appeal is further enhanced by numerous new projects initiated by both public and private sectors, driven by population growth and an influx of expatriates seeking investment or employment opportunities.

In July alone, there were 1,460 sales transactions, making up 35.2 percent of the total transactions. Mortgage transactions accounted for 385 deals, representing 9.3 percent of the total, with a combined value of AED 1.4 billion. Other real estate transactions totaled 2,301, which is 55.5 percent of all transactions.

Sales took place in 119 areas throughout Sharjah's cities and regions, involving residential, commercial, industrial, and agricultural lands. Specifically, there were 568 land sales, 544 built-in land sales, and 348 unit sales in towers.

Sharjah City saw a total of 1,304 sales transactions in July. The "Muwaileh Commercial" area led with 352 transactions followed by "Tilal" with 145 transactions. "Rawdat Al-Qart" had 127 transactions while "Al-Khan" recorded 89.

The highest trading value was also noted in the "Muwaileh Commercial" area at AED 251 million. This was followed by "Tilal" at AED 232.9 million and "Al-Sajaa Industrial" at AED 139.4 million. The "Hoshi" area recorded a trading value of AED 88.6 million.

The Central Region reported 110 sales transactions predominantly in "Al-Qasimia City," which had the highest trading value at AED 55.4 million from its 77 transactions.

KhorFakkan registered a total of 26 sales transactions in July. The "Hay Al-Harai Industrial" area led with seven sales while "Hayawa 4" topped trading values at AED 3 million.

Kalba city saw a modest number of sales with only eighteen transactions recorded. The "Al-Tarif 5" area led both in terms of transaction count (six) and trading value (AED 3.7 million).

These statistics highlight Sharjah's growing real estate market and its ability to attract diverse investors through strong infrastructure and regulatory support.

With inputs from WAM