Transaction Volume and Value
The first 9 months of 2024 saw a 47% rise in Sharjah’s real estate transaction volume over the previous year. With 69,078 transactions overall, the value of these transactions totaled Dh28 billion, representing a 16.5% increase over the same period the year before.
International Investment Profile
Sharjah real estate has attracted 114 different nationalities in the same time frame, demonstrating its continued appeal to investors of all backgrounds. In contrast to non-Emirati GCC citizens, who invested Dh1.7 billion with 1,166 properties, UAE citizens invested Dh13.7 billion with 22,908 properties. While the investment of citizens of other nations totaled Dh7.5 billion with 4,587 properties, other Arab citizens totaled Dh5.1 billion with 4,651 properties.
Sales and Mortgage Performance
The Sharjah Real Estate Registration Department’s report has a lot of encouraging signs. Compared to 11,000 transactions during the same period last year, there were 17,000 sales transactions, usufruct sales, and preliminary contracts in total. With 3,229 transactions, the total value of real estate mortgages was Dh7.5 billion.
Official Statement
The Director General of the Sharjah Real Estate Registration Department, Abdul Aziz Ahmed Al-Shamsi, stated that the demand for real estate in the emirate increased for all transactions, including sales, subdivisions of real estate property units, and title deeds. Additionally, the public’s interest in development project units led to an increase in initial contract transactions. Such encouraging growth outcomes for Sharjah’s real estate market portend more expansion in the future.
New Development Projects
Eight new real estate projects were registered during the first nine months of this year, distributed between towers and commercial residential complexes.
Geographic Distribution
A total of 9,216 transactions were recorded in various areas of the emirate, while the total area traded in sales transactions amounted to 88.2 million square feet, spread over 220 regions traded during the first nine months of this year.
City Performance
Sharjah City held the largest share, with 8,311 transactions across 120 areas and a trading volume of Dh10.3 billion. Muwailih Commercial had the highest number of sales transactions and trading volume, totaling Dh2.2 billion through 1,980 transactions. Rawdat Al-Qart area came in second with 839 transactions, Tilal with 676, and Al-Khan with 615.
Property Type Analysis
With 7,657 transactions—an increase of 83.1% over the previous year—residential properties made up the most significant portion. The following highest rates were for commercial properties (758 transactions, 8.2% rise), industrial properties (653 transactions, 7.1% increase), and agricultural properties (148 transactions, 1.6% increase).
