Central and Eastern Regions real estate hits AED 332.4 million

According to Omar Al-Mansouri, Director of the Branches Department at the Sharjah Real Estate Registration Department, the real estate sector in the Central and Eastern regions has been growing steadily in recent years, owing to various government projects, particularly in the tourism sector. This has attracted domestic and foreign investors, resulting in the sector's expansion and prosperity.

Al-Mansouri also emphasised the government's commitment to ongoing infrastructure and legislative development, which has had a good influence on supporting and developing the real estate sector in all emirate cities.

Regarding individual branches, Al-Mansouri stated that the overall trading volume in the four branches accounted for 3.3% of the emirate's total real estate trading volume in the first quarter of 2024. The branch in Al Dhaid had a total cash trade volume of AED 146.2 million, whereas Khor Fakkan had AED 114.8 million, Kalba AED 62 million, and Dibba Al-Hisn AED 9.3 million.

The report also stated that during the first quarter of 2024, the branches completed 143 mortgage transactions worth AED 130.3 million.

Al-Mansouri provided extensive sales statistics, stating that there were 126 sales transactions in Al Dhaid across 27 distinct regions, totalling AED 120.1 million. Khor Fakkan registered 87 sales transactions in 20 regions, totalling AED 51.3 million. Kalba saw 34 sales transactions in 14 locations, totalling AED 23.4 million. Three districts divided Dibba Al-Hisn's sales transactions, resulting in 10 transactions totalling AED 7.7 million, with the Northern District accounting for 80% of the total.