07 August 2024

Real Estate Trading Volume in Sharjah Reaches $4.96 Billion in H1 2024

Table of content

In the first half of 2024, real estate transactions in the Emirate of Sharjah surged by 35.6% compared to the same period in 2023, reaching over AED 18.2 billion. This growth is attributed to a significant increase in the number of transactions, totaling 10,809 compared to 6,592 in the previous year.

Positive Trends and Outlook

The real estate market report issued by the Sharjah Real Estate Registration Department highlights a record number of transactions in the first half of this year, marking the highest since 2012. This underscores substantial changes and development in the emirate in recent years, attracting investor and buyer interest and enhancing confidence in Sharjah’s property market.

Success Factors

Abdulaziz Ahmed Al Shamsi, Director General of the Sharjah Real Estate Registration Department, emphasized that the qualitative changes observed in the real estate sector are integral to the overall economic growth in the emirate. They reflect the successful implementation of strategic plans aimed at developing economic and investment sectors.

Investment Prospects in Sharjah Real Estate

The current period presents favorable conditions for investing in Sharjah real estate. With steady infrastructure development, an attractive investment environment, and a diverse range of property options, the emirate remains appealing to international investors. The ongoing construction of new residential and commercial projects supports market growth and diversification.

Source: Zawya

Conclusion

With active development and increasing investment in real estate, Sharjah represents a promising investment destination. Now is the optimal time to explore investment opportunities in Sharjah real estate, given the stable growth and rising transaction volumes in the market.