Sharjah 24: According to the “Real Estate Transactions Report” issued by Sharjah Real Estate Registration Department, it was revealed that the volume of real estate transactions in various regions and cities of Sharjah has reached AED 1.7 billion during April 2024, with a total 1,632 transactions across 6.5 million square feet of total sales transaction area.
Increased confidence in Sharjah real estate
The report data reflect and prove the growing confidence in Sharjah real estate, the attractiveness of its investment environment, and the continuous development. The emirate has proven itself to be one of the most attractive global destinations for investors.
1,632 of real estate transactions
In details, the statistical report show that the total number of transactions during April reached 1,632, with 579 in sales transactions, representing 35.5% of the total number of transactions. As for mortgage transactions, it reached 197 representing 12.1% of the total transactions, with a total value of AED 402.2 million. The remaining transactions amounted to 856, representing 52.4% of the total transactions.
Sales transactions in 89 regions
Sales transactions took place in 89 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, there were 253 lands, 185 of units in towers, and 141 transactions for built-in lands.
Muwailih Commercial continues to lead
Moreover, the total number of sales transactions in the city of Sharjah reached 527, with the highest number of sales transactions in “Muwailih Commercial” area with 114 transactions, followed by “Rawdat Al-Qart” area with 55 transactions, “Al-Khan” area with 45, and “Hoshi” area with 32 transactions.
In terms of trading volume, “Muwailih Commercial” area also topped the list, with a trading volume of AED 168.4 million, followed by “Al-Saja’a Industrial” area with AED 75.1 million, “Tilal” area with AED 66.5 million, and “Hoshi” area with AED 48.6 million.
In the Eastern and Central regions, the total number of sales transactions reached 50, most of which were in “Al-Madina Al-Qasimia” with 18 transactions, which was also the highest region in terms of cash trading volume, which amounted to AED 14.2 million.
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