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Sharjah real estate records Dh3.1 billion in March 2024

Sharjah real estate records Dh3.1 billion in March 2024
26 Apr 2024 22:47

SHARJAH (WAM)

The Emirate of Sharjah logged 2,606 real estate transactions worth Dh3.1 billion during March 2024, across 8.1 million square feet, according to a Sharjah Real Estate Registration Department report.

The report showed that the total number of transactions included 837 sales transactions, accounting for 32.1 per cent of the total, and 333 mortgage transactions worth Dh1.1 million, accounting for 12.8 per cent, while the rest of the other transactions amounted to 1,436, representing 55.1 per cent of the total number of transactions.

The sales transactions occurred in 97 areas distributed across various cities and regions of Sharjah, including 350 vacant lands, 240 sub-divided towers, and 247 of built-in land. These properties included residential, commercial, industrial, and agricultural lands.

The Muwailih Commercial continues to lead the list of areas with the highest number of sales transactions in Sharjah, with 156 transactions, Rawdat Al-Qart with 119 transactions, Al-Khan with 62, and Tilal with 49 transactions.

As for the most active areas in terms of cash trading volume, Muwailih Commercial also came first, with a trading value of Dh183.2 million, followed by Al-Khan with Dh129.7 million, Al-Saja’a Industrial with Dh99.7 million, and Tilal with Dh88.9 million.

In the Central Region, the total number of sales transactions reached 34, while most were concentrated in Al-Madina Al-Qasimia with 14 transactions, which recorded the highest numbers in terms of cash trading volume in the city, reaching Dh10.9 million.

As for the cities of the Eastern region, the department recorded 29 sales transactions, including 15 in the city of Khor Fakkan, 11 in the city of Kalba, and three in the city of Dibba Al-Hisn.

Source: WAM
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