Sharjah’s real estate market kept the growth momentum high in July 2024, registering a total transaction value of $1.06 billion (AED 3.9 billion) in the month, according to the latest market data.
The total number of transactions reached 4,146, while the total area traded in sales transactions reached 13.8 million square feet during the last month, according to the Real Estate Market Performance Report by Sharjah Real Estate Registration Department.
The latest data shows the attractiveness of the emirate’s real estate market, and its growing ability to attract local, Arab, and foreign investors alike, the report said.
The data showed that the total number of transactions carried out in July reached 4,146 transactions, with the number of sales transactions reaching 1,460, representing 35.2 percent of the total number of transactions.
The number of mortgage transactions reached 385, representing 9.3 percent of the total transactions, and with a total value of AED 1.4 billion, while the remaining real estate transactions reached 2,301, representing 55.5 percent of the total number of transactions.
The report said sales transactions took place in 119 areas across various cities and regions of the emirate, and included residential, commercial, industrial properties, and agricultural lands.
As for the type of traded property, there were 568 of lands, 544 of built-in lands, and 348 transactions for the units sold in towers.
It said the total sales transactions in Sharjah City amounted to 1,304, with “Muwaileh Commercial” area recording the highest number of sales transactions at 352 transactions, followed by “Tilal” area with 145 transactions, “Rawdat Al-Qart” area with 127, and “Al-Khan” area with 89 transactions.
Follow us on
