The real estate sector in Sharjah achieves 3.1 billion dirhams in March 2024
Sharjah, April 26 / WAM / The volume of real estate trading in the various regions and cities of the Emirate of Sharjah, during the month of March, reached 3.1 billion dirhams, while the total number of transactions reached 2,606 transactions, while the total volume of the area traded in sales transactions reached 8.1 million square feet during The same period, according to the “Real Estate Trade Movement Report” issued by the Real Estate Registration Department in the Emirate of Sharjah.
The Sharjah real estate market is full of many investment options and is characterized by transparency and flexibility, which has contributed to attracting more investors and strengthening Sharjah’s position as one of the most attractive global destinations for investment in the real estate sector.
The Sharjah Real Estate Registration Department, through its branches spread across various regions of the emirate, works to provide a sound investment environment that stimulates investment and employs its full capabilities in serving the real estate market, meeting the needs of investors, accelerating their transactions, and innovating the necessary solutions to overcome the obstacles that may stand in their way, as an extension of a series of wise decisions from Good government, which enhances the economic growth movement in the emirate.
The report stated that the total number of transactions carried out during March 2024 reached 2,606 transactions, with the number of sales transactions reaching 837 transactions, representing 32.1% of the total number of transactions, and the number of mortgage transactions reaching 333 transactions, representing 12.8% of the total transactions, with a total value amounting to 1.1 million dirhams. The remaining transactions for other transactions amounted to 1,436 transactions, representing 55.1% of the total number of transactions.
Sales transactions took place in 97 areas distributed across various cities and regions of the Emirate of Sharjah, and these properties included residential, commercial, industrial and agricultural lands.
With regard to the type of real estate traded; 350 vacant lands were traded, while the number of built land transactions reached 247 out of the total transactions, and the transactions of detached towers reached 240 transactions.
The Muwailih commercial area continues to lead the list of areas with the highest number of sales transactions in the city of Sharjah, with 156 transactions, followed by Rawdat Al Qart area with 119 transactions, then Al Khan area with 62 transactions, and Tilal area with 49 transactions.
As for the most active areas in terms of cash trading volume, the Muwaileh Commercial District topped the trading area with a trading value that reached 183.2 million dirhams, followed by the Al Khan area with 129.7 million dirhams, then Al Sajaa Industrial Area with 99.7 million dirhams, and the Tilal area with 88.9 million dirhams.
In the Central Region, the total sales transactions reached 34 transactions, most of which were concentrated in Al Qasimia City with 14 transactions, which was also the highest region with a cash trading volume of 10.9 million dirhams.
As for the cities of the Eastern Region, the department recorded 29 sales transactions, including 15 sales transactions in the city of Khor Fakkan, 11 sales transactions in the city of Kalba, and 3 sales transactions in the city of Dibba Al-Hisn.
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