October saw the biggest monthly volume of real estate transactions in Sharjah’s real estate market, which continued to develop rapidly in 2024.
The October 2024 real estate market reached AED 4.4 billion through 4,883 transactions, totaling 14 million square feet, according to a report on “Real Estate Transactions” released by the Sharjah Real Estate Registration Department.
According to the report’s detailed statistics, there were 4,883 transactions in total, of which 1,415 were sales transactions, or 29% of the total.
With a total value of AED 1.3 billion, mortgage transactions amounted to 443, or 9.1% of all transactions.
Finally, 3,025 other transactions were made, which accounted for 61.9 percent of all transactions.
These assets included residential, commercial, industrial, and agricultural lands, and the sales transactions took place in 126 locations spread throughout Sharjah’s several cities and districts.
There were 272 transactions involving built-in lands, 450 deals involving units sold in towers, and 693 transactions using lands as the type of exchanged property.
The greatest real estate transaction on land valued at AED 62 million was achieved in the “Al Mamza”r” neighborhood. In the same month, the region saw the largest mortgage deal on a piece of undeveloped land at AED 386 million.
With 257 sales transactions, the “Muwailih Commercial” area continues to top the list of areas with the most sales transactions, followed by the “Al Khan” region with 106, the “Muzeirah” area with 92, and the “Tilal” area with 81. The total number of sales transactions reached 1,145.
With a trading volume of AED 258.6 million, the “Muwailih Commercial” region also reached the top of the list. It was followed by the “Tilal” area with AED 161.6 million, the “Al Sajaa Industrial” area with AED 130.5 million, and the “Al Khan” area with AED 83.2 million.
The majority of the 226 sales transactions in the Central Region—which totaled AED 133.6 million—took place in “Al Qasimia City,” which had 193 transactions and the greatest trading volume.
There were 23 sales transactions in “Khorfakkan,” with “Al Harai Industrial District” and “Al Harai Commercial District” having the most, each with five transactions. With a transaction volume of AED 2 million, the “Hay Al Zubara” area had the greatest volume.
Ultimately, 19 sales transactions occurred in “Kalba” city, with the “Al Tarif 5” and “Sur Kalba Commercial” sectors having three transactions apiece. The “Al Tarif 1” region had the greatest trading volume, totaling AED 4.1 million.
