Sharjah is full of investment opportunities
According the results of this report, it obvious that Sharjah’s real estate market is full of many investment opportunities and options, and is characterized by transparency and flexibility, which has contributed to strengthening the emirate’s position as one of the most attractive global destinations for investment. In this context, by following a series of smart decisions from the wise government, and through its branches spread across various areas in the emirate, the department works to provide a sound environment which stimulates investment, as it employs its full capabilities in serving the real estate market, meeting investors’ needs, accelerating their transactions, and innovating the necessary solutions to overcome possible obstacles.
The department carried out 2,606 transactions
In details, the report indicated that the total number of transactions carried out by the department have reached 2,606, with the number of sales transactions reaching 837, which represented 32.1% of the total number of transactions. In addition, the number of mortgage transactions reached 333, representing 12.8% of the total transactions, and with a total value of AED 1.1 million, while the rest of the other transactions amounted to 1,436, representing 55.1% of the total number of transactions.
Sales transactions in 97 regions
The Sales transactions took place in 97 areas distributed across various cities and regions of Sharjah. These properties included residential, commercial, industrial, and agricultural lands. As for the type of traded real estate, They were 350 vacant lands, 240 of sub-divided tower, and 247 of built-in land.
Muwailih Commercial in the lead
The “Muwailih Commercial” area continues to lead the list of areas with the highest number of sales transactions in the city of Sharjah, with 156 transactions, followed by “Rawdat Al-Qart” area with 119 transactions, “Al-Khan” with 62, and “Tilal” area with 49 transactions.
As for the most active areas in terms of cash trading volume, “Muwailih Commercial” area also came first, with a trading value that reached AED 183.2 million, followed by “Al-Khan” area with AED 129.7 million, “Al-Saja’a Industrial” area with AED 99.7 million, and “Tilal” area with AED 88.9 million.
In the Central Region, the total number of sales transactions reached 34, while most of them were concentrated in “Al-Madina Al-Qasimia” with 14 transactions, which also recorded the highest numbers in terms of cash trading volume in the city, reaching AED 10.9 million.
As for the cities of the Eastern region, the department recorded 29 sales transactions, including 15 sales transactions in the city of Khor Fakkan, 11 in the city of Kalba, and 3 sales transactions in the city of Dibba Al-Hisn.
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