According to the Sharjah Real Estate Registration Department (SRERD), there were 2,417 total transactions last month, spreading out among 71 different locations within the Emirate of Sharjah.
Following is a breakdown of the transactions: 588 sales, 338 mortgage deals, and 1,491 other miscellaneous transactions.
Sales transactions were recorded at 24.3 percent in the SRERD monthly report, although mortgage and other unrelated transactions topped 14 percent and 61.7 percent, respectively.
Abdulaziz Rashid Al Saleh, Director of the Sharjah Real Estate Registration Department, said, “Total trading volume this past July 2022 amounted to AED 1.4 billion; the number of mortgage transactions reached 338 in total, valued at AED 487 million, solidifying that the Department is working consistently on its vision to increase investments in the Emirate of Sharjah. Furthermore, the (SRERD) seeks to be a strong and confident presence in the investment and real estate sector, by implementing its mission through various targeted programmes and strategies, in addition to working diligently to activate various opportunistic channels and mechanisms of communication and interaction with investors. We hope to continue contributing to quality real estate provisions in Sharjah, and are working hard to enhance attracting investment to this sector, to ultimately push the wheel of economic growth to cover wider surrounding areas.”
He added, “The results of July 2022 confirm the accelerated progress, growth, and demand for real estate in the Emirate of Sharjah. The (SRERD) upholds its vision of transparency on all fronts, as it aligns with our institutional volumes. We commit to striving towards excellence in line with Sharjah’s economic vision to witness a remarkable turnout from investors, and to set the stage for showcasing Sharjah as a safe and comfortable locality to thrive and invest in.”
According to the Department’s statistics, the Muwaileh Commercial area had 266 sales transactions overall, which was the most in the Emirate of Sharjah. The survey placed Muwaileh Commercial as the highest area in Sharjah, Al Bardi 2 as the highest area in Khorfakkan, Blida in the central region, and Al Baraha in Kalba city for a further breakdown based on the highest area in terms of trading volumes per city.
The report also stated that a total of 588 sales transactions, broken down by property type, had been completed. There were 145 transactions involving unoccupied land in the Emirate of Sharjah and 126 involving developed land. Furthermore, 317 trades concerned detached towers.
Residential, commercial, industrial, and agricultural land were all included in the 2.8 million square feet of traded space.
The top four investment districts in Sharjah, according to the survey, are Muwailih Commercial, Al Khan, Al Sajaa Industrial, and Hoshi. Al Bardi 2, Al Harrai industrial sector, and Al Zubarah were the top places in Khorfakkan mentioned for investment objectives.
Trades concentrated on the Qasimia city, Al Balida, Khedira 2, and Al-Taybeh 2 areas in the center region, while Kalba city’s Industrial, Al Baraha, Sur Kalba commercial, and Al Bardi grabbed the lead.