Sharjah's Real Estate Transactions Surpass AED 4 Billion In November 2024 Amidst Strong Market Growth

In November 2024, Sharjah's real estate sector saw significant activity with transactions reaching AED4 billion. A total of 4,606 transactions covered 20.4 million square feet. This performance highlights Sharjah's growing reputation as a key real estate hub, blending cultural richness and modernity. The emirate offers a supportive legislative framework and competitive pricing, attracting investors and families seeking security and luxury.

The "monthly statistical data issued by Sharjah Real Estate Registration Department" revealed that out of the total transactions, 1,522 were sales, making up 33% of all transactions. Mortgage transactions numbered 339, accounting for 7.4% with a value of AED668 million. The remaining 2,745 transactions represented 59.6% of the total.

Sales occurred in 116 areas across Sharjah's cities and regions. Properties included residential, commercial, industrial, and agricultural types. In terms of property type, there were 925 land sales, 322 units sold in towers, and 275 built-in land transactions.

The "Muwailih Commercial" area recorded the highest real estate deal on a land valued at AED180 million. It also had the top mortgage transaction on built-in land worth AED51 million. Overall sales in Sharjah reached 977 transactions with "Muwailih Commercial" leading at 161 sales.

"Hay Hoshi" followed with 104 sales, "Al-Khan" had 85, and "Umm Funain" recorded 83 transactions. In terms of cash trading volume, "Muwailih Commercial" led with AED470.7 million followed by "Umm Funain" at AED157.8 million.

Regional Sales Insights

In the central region, there were 509 sales transactions primarily in "Al Qasimia" city with 473 deals. This city also topped trading volumes at AED334.2 million. Khorfakkan city saw 16 sales with "Hay Al-Harai Industrial" leading at five transactions.

"Al-Batha 4" area in Khorfakkan recorded the highest trading volume at AED5.7 million. In Kalba city, there were 15 sales; "Sur Kalba Commercial" led with four deals while "Al-Sur 4" had the highest trading volume at AED3.2 million.

Sharjah continues to strengthen its position as a prime real estate destination through strategic leadership and diverse offerings that appeal to investors worldwide.

With inputs from WAM