A report highlighting the real estate performance in the cities and regions of Sharjah was released by the Real Estate Registration Department of Sharjah. Through the department’s four branches in Al-Dhaid, Khor Fakkan, Dibba Al-Hisn, and Kalba, the cash trading volume—a critical gauge of economic activity—soared to an astounding Dh332.4 million. In addition, during the first quarter of 2024, 6,732 transactions took place in these branches, spanning a sizable 10.1 million square feet.
With a total area of 10.1 million square feet, these branches have completed 6,732 transactions.
Omar Al-Mansouri, Director of Branches Department at Sharjah Real Estate Registration Department, said, “Over the past years, the real estate sector in the Central and Eastern regions has witnessed a continuous development which expanded the economic horizons and offered promising opportunities.”
The four branches’ combined trading volume has accounted for 3.3% of Sharjah’s total real estate trading volume. The Al-Dhaid saw Dh146.2 million in total cash trading volume, or 1.5% of the total. In Khor Fakkan, it was Dh114.8 million, or 1.1% of the total, and in Kalba, it was Dh62 million, or 0.6% of the total. Dh9.3 million was recorded by Dibba Al-Hisn, accounting for 0.1% of the branches’ overall trading volume.
A total of Dh130.3 million worth of mortgage transactions were completed by the four branches.