The monthly real estate transactions report published by the Sharjah Real Estate Registration Department states that the total amount of real estate transactions within the emirate of Sharjah reached AED2.6 billion in November 2023.
During the same period, 10.6 million square feet of area were traded in sales transactions, accounting for 4,079 of the total number of transactions.
These findings demonstrate that the safe and alluring business environment offered by the Emirate of Sharjah makes it a top choice for both Arab and foreign investors. Sharjah also provides brand-new projects with affordable costs and a range of amenities, all of which help to satisfy the needs of different market segments.
Data from the study showed that there have been 4,079 transactions overall, with 822 sales transactions—or 20.2% of all transactions—representing the sales category.
Furthermore, 327 mortgage transactions with a total value of AED 434.5 million were made, accounting for 8% of all transactions. 71.8% of the total number of transactions were made up of the 2,930 remaining trading transactions.
The sales transactions happened in 102 locations spread throughout Sharjah’s different regions. Residential, commercial, industrial, and agricultural real estate were among these properties.
Regarding the kind of real estate, 330 lands were exchanged, 256 of those were built-in land transactions, and 236 of the total sales transactions involved subdivided towers.
The study also showed that, with 130 sales transactions, the “Muwailih Commercial” area was the most active area. It was followed by the “Al-Mazairah” area, which had 77 transactions, the “Al-Khan” area, which had 50 transactions, and the “Rawdat Al-Qart” area, which had 44 transactions.
The “Al-Sajaa Industrial” area, with AED146.2 million, the “Al-Khan” area, with AED66 million, the “Al-Majaz 3” area, with AED61.6 million, and the “Muwailih Commercial” area, with AED159.2 million, were the most active areas in terms of trading volume.
“Al-Madina Al-Qasimia” had the most trading volume and number of transactions in the Central Region, with AED 16.8 million in trading volume and 35 transactions.
The “Hayawa 4” district in Khorfakkan, with six transactions and an AED 7.1 million trading volume, topped the list.
Lastly, in terms of transactions, “Sur Kalba Commercial” ranked first in the city of Kalba with six, while the “Al-Turaif 5” area had the highest volume of real estate trading at AED1.8 million.