The Sharjah Real Estate Registration Department has released its report on real estate trading for August 2024, revealing transactions worth AED2.8 billion across the emirate.
The report indicates 3,055 transactions covering seven million square feet of land were completed during the month.
Sales transactions accounted for 34.5 percent of the total, with 1,054 deals. Mortgage transactions reached 342, representing 11.2 percent of the total, valued at AED677 million. Other transactions totalled 1,659, making up 54.3 percent of the total.
Sharjah real estate market shows strong performance in August 2024
Sales transactions occurred in 105 areas across Sharjah, involving residential, commercial, industrial, and agricultural lands. The transactions included 403 vacant lands, 242 built-in lands, and 409 sub-divided towers.
Sharjah city dominated with 948 sales transactions. Muwailih Commercial area led with 271 transactions, followed by Tilal with 86, Al-Khan with 83, and Rawdat Al-Qart with 77.
In terms of cash trading volume, Muwailih Commercial topped the list 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.
The central region recorded 78 sales transactions, with Al-Qasimia City accounting for 52 and the highest cash trading volume of AED30 million.
Khorfakkan saw 12 sales transactions, with Al-Harai Industrial District and Al-Harai Commercial District leading with three transactions each. Al-Gharb District recorded the highest cash trading volume at AED1.6 million.
Kalba reported 16 sales transactions, with Kalba Commercial and Al-Sur 4 each accounting for three transactions. Al-Sur 1 recorded the highest cash trading volume at AED4.1 million.
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