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Through these transactions, different types of real estate were traded in the Emirate, and included residential, commercial, industrial and agricultural lands, which confirms the provision of diverse options for investors. The supportive government policies and a stimulating regulatory environment also contributed to enhancing investors’ confidence, which led to an increase in demand for real estate in various parts of the Emirate and in 116 regions. In addition, Sharjah has witnessed a tremendous development in its infrastructure, with the establishment of advanced road networks and modern industrial areas, making it an attractive investment destination for local and international investors. Major deals, such as the one concluded in Industrial Area 7 which amounted to AED 245 million, demonstrate the high confidence of Sharjah real estate market. All of these factors, along with the ambitious visions of the Sharjah Government, confirm the Emirate’s position as one of the most prominent real estate destinations in the region, making it a model of success and sustainability in real estate.
The monthly statistical data issued by Sharjah Real Estate Registration Department also revealed that out of 7,768 transactions, sales transactions accounted for 1,348, representing 17.4% of the total transactions. Moreover, mortgage transactions amounted to 424 worth AED 711.6 million, which constituted 5.5% of the total transactions, while initial sales contracts transactions recorded 941, representing 12.1%, and ownership certificate transactions reached 3,958, representing 50.9%, and finally, title deeds transactions reached 1,097, which represented 14.1% of the total transactions.
According to the data, and in terms of the type of traded real estate, they were 723 for lands, 373 for units in towers, and 252 transactions for built-in lands, which also reflected the diversity and availability of investment opportunities across the Emirate.
"Industrial area 7" topped the list of the highest real estate transactions in a deal worth AED 245 million on a built-in land, while “Al-Nad” area witnessed the highest mortgage transaction with a value of AED 55 million on a built-in land, which reflects the great confidence in Sharjah’s real estate market.
In this report, it was also revealed that Sharjah City recorded the highest number of sales transactions, with a total of 1,231. “Muwailih Commercial” area topped the list of the highest number of sales, with 195 transactions, followed by “Al-Sajaa Industrial” with 115 transactions, “Muzairah” with 101, and “Al-Metraq” and “Al-Khan” areas with 94 transactions each.
In terms of trading volume, “Muwailih Commercial” area also came first, with a trading value of AED 268.7 million, followed by “Industrial 7” area with AED 249.9 million, “Al-Sajaa Industrial” with AED 229.2 million, and “Tilal” area with AED 114.6 million.
In the central region, the total sales transactions amounted to 66, most of which were concentrated in the "Industrial 2" area with 35 transactions, which was also the highest in trading volume at AED 23.6 million.
As for Khorfakkan city, 25 sales transactions were recorded, led by "Hay Shgair" with 7 transactions, while "Hay Al Gharb" " recorded the highest trading volume which reached AED 13.3 million.
Finally, and in Kalba city, 24 sales transactions took place, and "Al-Tarif 5" area recorded the highest number of sales, with 8 transactions, and "Al-Khuwair" area was the highest in terms of trading volume at AED 4.2 million.
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