The Sharjah Real Estate Registration Department has reported a 17.7 percent increase in real estate transaction values in the emirate’s Central and Eastern regions during the first half of 2024.
The total value reached AED646 million, according to the department’s semi-annual report.
The report indicates that 14,395 real estate transactions were recorded, covering a traded area of 21.7 million square feet.
Sharjah real estate growth
“The real estate in the Central and Eastern regions achieved new record levels during the first half of this year,” Omar Al-Mansouri, Director of the Branches Department said.
“The interest and support presented by the Sharjah Government for the continuous development of infrastructure and legislation has a positive impact in supporting and developing the real estate in the emirate in all its cities,” he added.
The Central Region accounted for AED284.2 million of the total trading value, while KhorFakkan, Kalba, and Dibba Al-Hisn contributed AED179.6 million, AED170.7 million, and AED11.5 million respectively.
The report also revealed 246 mortgage transactions, totalling AED279.7 million.
In the Central region, 281 sales transactions occurred across 36 areas, with Al-Qasimia city leading at 142 transactions.
KhorFakkan saw 137 transactions in 22 areas, with Al-Bardi 4 area recording the highest at 23 transactions. Kalba registered 63 transactions in 22 areas, led by Al-Taraif 5 with 12 transactions. Dibba Al-Hisn had 13 transactions across 3 areas, with Al-Shamali district accounting for 9 of these.
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