The Sharjah Real Estate Registration Department recently revealed that real estate transactions across the emirate amounted to AED2.8 billion ($762.3 million) in August, with 3,055 transactions covering seven million square feet of land.
The department’s August report revealed that Sharjah’s real estate sector continued to grow with strong momentum, making it a safe investment environment for capital owners and investors who seek profitable returns in both the short and long term.
The data also reveals that Sharjah witnessed 1,054 real estate sales transactions, accounting for 34.5 percent of the total. Meanwhile, mortgage transactions reached 342, representing 11.2 percent of the total, with a value of AED677 million. Other transactions totaled 1,659, representing 54.3 percent of the total number of transactions.
Sales transactions took place in 105 areas across various cities and regions of Sharjah. These properties included residential, commercial, industrial, and agricultural lands. Among the property sales were 403 vacant lands, 242 built-in lands, and 409 sub-divided towers.
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Real estate sales transactions in Sharjah city totaled 948, with the Muwailih Commercial area leading with 271 transactions, followed by Tilal with 86, Al-Khan with 83, and Rawdat Al-Qart with 77 transactions.
In terms of cash trading volume, Muwailih Commercial topped the list again with AED238.5 million, followed by Tilal with AED136.7 million, Al-Mamzar with AED89.9 million, and Al-Sajaa Industrial with AED89.3 million.
In Sharjah’s central region, sales transactions reached 78, with Al-Qasimia City accounting for 52 transactions and recording the highest cash trading volume of AED30 million.
The department recorded 12 sales transactions in Khorfakkan. Al-Harai Industrial District and Al-Harai Commercial District led with three transactions each. Meanwhile, Al-Gharb District recorded the highest cash trading volume of AED1.6 million.
As for Kalba, there were 16 sales transactions, with Kalba Commercial and Al-Sur 4 each accounting for three transactions. Al-Sur 1 recorded the highest cash trading volume of AED4.1 million.
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