Real estate transactions in Sharjah reached $2.7 billion in the first quarter of 2024
During the first quarter of the current year (Q1 2024), the real estate sector in Sharjah managed to achieve transactions worth 10 billion dirhams, marking a 67.1 percent increase compared to the same period last year. This growth is attributed to an increase in the number of transactions of various types, including sales, leases, and initial contracts, totaling 6,146 transactions compared to 3,011 transactions during the same period last year. We have exclusive apartments in Sharjah!
“The growth in trading activity reflects people’s desire to acquire real estate and invest in Sharjah, especially considering the emirate’s ongoing development, which has a positive impact on the real estate market. Among the direct stimuli for this growth are also the abundance of development projects and ownership conveniences for foreigners and citizens of the Gulf Cooperation Council (GCC) to own real estate in Sharjah.”
Additionally, Al Shamsi (Director-General of the Sharjah Real Estate Registration Department) emphasized that “the diversity of real estate projects launched by the government in various regions of the emirate, as well as its creation, sponsorship, and participation in many events and exhibitions, such as the Sharjah Real Estate Exhibition (ACRES), have all contributed to identifying numerous investment opportunities abundant in Sharjah and enhancing confidence in the real estate sector in the emirate.
