A total of 2,299 real estate transactions took place during the month of September, with a real estate trade value of Dh1.9 billion, according to a monthly report published by the Sharjah Real Estate Registration Department (SRERD). Of the total transactions, 677 were for real estate sales in various areas of the Emirate of Sharjah.
2,299 transactions executed
2,299 different types of real estate transactions were recorded in the past month according to data provided by the Sharjah Real Estate Registration Department. These transactions totaled Dh608 million and included 677 sales deals, which made up 29.4% of all executed transactions, and 299 mortgage transactions, which made up 13.1% of all transactions. The remaining 57.5 percent of the total, or 1,323 transactions, were other unrelated transactions.
Real estate sales transactions across 90 areas in Sharjah
According to the given data, sales transactions were spread out among 90 locations in different Emirate of Sharjah towns and regions.
Residential, commercial, industrial, and agricultural holdings totaling more than 3.9 million square feet were among the transferred properties.
These included 297 tower unit sales, which accounted for the greatest share of all transactions (43.9%), followed by 198 land purchases, which accounted for 29.2% of the total, and 182 deals involving developed lands, which made up 26.9% of the total.
Muwaileh Commercial: highest in trades
Muwaileh Commercial reportedly completed 172 sales transactions, keeping its position on the list of Sharjah’s “most traded regions.” In the meantime, 78 transactions were registered in the Al Khan neighborhood, followed by 41 in the Al Rigayba neighborhood, 38 in Um Fanain, and 78 in the Al Khan area.
Muwaileh Commercial also had the highest monetary trading value in Sharjah City, with a total trading value of Dh164.9 million. This was followed by deals worth a total of Dh76.7 million in the Um Fanain area and a total of Dh52.3 million in Al Nahda. Al Rifaah reported a total of Dh52 million at the end.
Seven sales transactions totaled in the central region, with the majority of them occurring in the commercial sectors of Al Madam, Al Faw Agricultural, Suhaila 3, and Al Madam Industrial. Al Madam Commercial had the greatest trading value of Dh3 million, followed by the Al Belaida region with a total of Dh2.7 million, and the Refada area with real estate sales worth Dh2.5 million. These areas are the top in terms of monetary value. Deals in agriculture at Al Faw totaled Dh1.6 million.
Al Zubara and Al Haray industrial zones, Al Baradi 2, and Al Mudeife ranked first in terms of the volume of sales transactions in the city of Khorfakkan, with a total of 10 trades. Al Mudeife was one of the regions with the largest value of real estate transactions, with sales totaling Dh1.8 million.
Al Zubara Industrial Area came in second with a value of Dh899,000, followed by Al Loleya with a value of Dh1.5 million, Al Baradi 2 with a value of Dh1.2 million, and Al Zubara Area.
12 sales transactions were registered in the city of Kalba’s commercial districts of Soor Kalba, Industrial Kalba, and Al Saaf. The greatest trading value was recorded in the Al Baraha neighborhood at Dh3.5 million, followed by Hay Al Kala at Dh3.2 million. Al Ghail area came in third with a recorded trading value of Dh1.8 million, followed by the Industrial area with a value of Dh2.9 million.