emirates7 - The Sharjah Real Estate Registration Department has released its report on real estate activity for August 2024, revealing that transactions in the emirate totaled AED2.8 billion, covering 7 million square feet of land through 3,055 transactions.
The report highlights Sharjah's thriving real estate market, which continues to attract capital owners and top-tier investors seeking profitable real estate opportunities with both short- and long-term returns.
Breaking down the figures, the report shows that out of the 3,055 transactions, 1,054 were sales, accounting for 34.5% of the total. Mortgage transactions amounted to 342, representing 11.2%, with a value of AED677 million. The remaining 1,659 transactions, or 54.3%, consisted of other types of real estate deals.
Sales transactions occurred in 105 different areas across Sharjah's cities and regions, including residential, commercial, industrial, and agricultural lands. The properties traded included 403 vacant lands, 242 developed lands, and 409 subdivided towers.
In the city of Sharjah, 948 sales transactions were recorded. The Muwailih Commercial area led with 271 transactions, followed by Tilal with 86, Al-Khan with 83, and Rawdat Al-Qart with 77.
Regarding cash trading volume, Muwailih Commercial ranked first with AED238.5 million, followed by Tilal at AED136.7 million, Al-Mamzar at AED89.9 million, and Al-Sajaa Industrial at AED89.3 million.
In the central region, there were 78 sales transactions, with Al-Qasimia City accounting for 52 of them and recording the highest cash trading volume at AED30 million.
In Khorfakkan, 12 sales transactions were recorded, with the Al-Harai Industrial and Al-Harai Commercial Districts leading with three transactions each. Al-Gharb District reported the highest cash trading volume at AED1.6 million.
Kalba saw 16 sales transactions, with Kalba Commercial and Al-Sur 4 each having three transactions. Al-Sur 1 recorded the highest cash trading volume, amounting to AED4.1 million.
The report highlights Sharjah's thriving real estate market, which continues to attract capital owners and top-tier investors seeking profitable real estate opportunities with both short- and long-term returns.
Breaking down the figures, the report shows that out of the 3,055 transactions, 1,054 were sales, accounting for 34.5% of the total. Mortgage transactions amounted to 342, representing 11.2%, with a value of AED677 million. The remaining 1,659 transactions, or 54.3%, consisted of other types of real estate deals.
Sales transactions occurred in 105 different areas across Sharjah's cities and regions, including residential, commercial, industrial, and agricultural lands. The properties traded included 403 vacant lands, 242 developed lands, and 409 subdivided towers.
In the city of Sharjah, 948 sales transactions were recorded. The Muwailih Commercial area led with 271 transactions, followed by Tilal with 86, Al-Khan with 83, and Rawdat Al-Qart with 77.
Regarding cash trading volume, Muwailih Commercial ranked first with AED238.5 million, followed by Tilal at AED136.7 million, Al-Mamzar at AED89.9 million, and Al-Sajaa Industrial at AED89.3 million.
In the central region, there were 78 sales transactions, with Al-Qasimia City accounting for 52 of them and recording the highest cash trading volume at AED30 million.
In Khorfakkan, 12 sales transactions were recorded, with the Al-Harai Industrial and Al-Harai Commercial Districts leading with three transactions each. Al-Gharb District reported the highest cash trading volume at AED1.6 million.
Kalba saw 16 sales transactions, with Kalba Commercial and Al-Sur 4 each having three transactions. Al-Sur 1 recorded the highest cash trading volume, amounting to AED4.1 million.