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A report released by the Sharjah Real Estate Registration Department states that in March 2024, 2,606 real estate transactions totaling AED 3.1 billion were recorded in the Emirate of Sharjah, spanning 8.1 million square feet.
The report indicated that 837 sales transactions accounted for 32.1 percent of the total number of transactions, 333 mortgage transactions totaling AED 1.1 million accounted for 12.8 percent, and 1,436 other transactions totaled 55.1 percent of the total number of transactions.
The sales transactions occurred in 97 areas, which were spread across different cities and regions of Sharjah. These areas included 247 built-in land, 240 subdivided towers, and 350 vacant lands. These assets comprised agricultural, commercial, industrial, and residential areas.
With 156 sales transactions, the Muwailih Commercial district continues to top the list of areas in Sharjah with the most, followed by Rawdat Al-Qart (119), Al-Khan (62), and Tilal (49).
Muwailih Commercial, with a trading value of AED183.2 million, was the most active area in terms of cash trading volume. Al-Khan, with AED129.7 million, Al-Saja’a Industrial, with AED99.7 million, and Tilal, with AED88.9 million, were the next most active areas.
34 sales transactions were made in the Central Region overall, with 14 of those transactions occurring in Al-Madina Al-Qasimia, which also had the highest volume of cash trading in the city, totaling AED10.9 million.
Regarding the Eastern region’s cities, the department documented 29 sales transactions, comprising of 15 sales transactions in Khor Fakkan, 11 sales transactions in Kalba, and 3 sales transactions in Dibba Al-Hisn.
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