In November 2024, the real estate market of the Sharjah emirate demonstrated outstanding performance, achieving a total transaction volume of AED 4 billion ($1.1 billion). A total of 4,606 transactions were recorded, covering an area of 20.4 million square feet.
Sharjah: A Hub of Investment Attractiveness
Sharjah continues to strengthen its position as a key real estate hub and one of the world’s top economic zones. The emirate is distinguished by its cultural and natural diversity, seamlessly combining tradition and modernity. The region’s attractiveness is further enhanced by a favorable legislative environment and competitive prices, making it an ideal choice for those seeking comfort, security, and high quality of life.
Transaction Statistics: November Analysis
According to data from the Sharjah Real Estate Registration Department, the total number of transactions reached 4,606. Of these, 1,522 transactions were related to property sales, accounting for 33% of the total.
Mortgage transactions made up 7.4% of the total, amounting to 339 operations worth AED 668 million ($182 million). The remaining 2,745 transactions accounted for 59.6%.
Distribution of Transactions by Property Type
In November 2024, real estate transactions spanned 116 areas across Sharjah. These included residential, commercial, industrial, and agricultural properties. The breakdown by property type is as follows:
- 925 land transactions;
- 322 transactions involving tower units;
- 275 transactions for developed plots.
Key Areas and Major Deals
The Muwailih Commercial area emerged as the leader in transaction volume. The largest transaction was for a plot of land worth AED 180 million ($49 million). The same area recorded the largest mortgage deal of AED 51 million ($13.9 million).
The total number of property sales in the emirate reached 977 transactions, with the following breakdown:
- Muwailih Commercial – 161 transactions;
- Hay Hoshi – 104 transactions;
- Al Khan – 85 transactions;
- Umm Funain – 83 transactions.
Transaction Volume: Top Areas
In terms of monetary trading volume, Muwailih Commercial led the list with AED 470.7 million ($128 million), followed by:
- Umm Funain – AED 157.8 million ($43 million);
- Hay Hoshi – AED 104.5 million ($28.5 million);
- Tilal – AED 94.6 million ($25.8 million).
Central Region and Other Cities
In the central region, 509 transactions were recorded, with 473 taking place in Al Qasimia City, which also led in trading volume with AED 334.2 million ($91 million).
In Khor Fakkan, 16 transactions were completed, with the Hay Al Harai Industrial area leading with five transactions. The highest trading volume in the city was recorded in the Al Batha 4 area, totaling AED 5.7 million ($1.6 million).
In Kalba, 15 transactions were made, four of which were in the Sur Kalba Commercial area. The Al Sur 4 area recorded the highest trading volume at AED 3.2 million ($871,000).
Invest in Sharjah Real Estate: Your Perfect Choice
Sharjah’s real estate offers unique opportunities for investors, thanks to its affordable prices, growing economy, and strategic location. Don’t miss the chance to invest in this thriving market – secure stability and high returns today!
Contact us now to find the perfect property in Sharjah and start building your prosperous future!
