20.4 million square feet: Sharjah real estate hits new milestone
November recorded 4,606 property transactions in 116 areas
Sharjah continues to solidify its position as a leading real estate hub, with property transactions reaching a staggering Dh4 billion in November 2024.
A total of 4,606 transactions spanned 116 areas, covering an expansive 20.4 million square feet.
Dynamic transactions
The Sharjah Real Estate Registration Department’s data revealed that 1,522 transactions were sales, representing 33% of the total, while 339 mortgage deals accounted for 7.4%, valued at Dh668 million. Remaining transactions, including title deeds and other operations, constituted 59.6%, totalling 2,745.
The emirate’s legislative environment and competitive property prices have attracted diverse investors, making it a preferred choice for families and professionals seeking both modern luxury and cultural authenticity.
Top areas highlighted
Sales transactions in Sharjah were led by "Muwailih Commercial," which recorded 161 deals and also marked the highest-value transaction with a Dh180 million land sale. It further topped the charts with a Dh51 million mortgage transaction.
Other prominent areas included "Hay Hoshi," recording 104 transactions, and "Al-Khan," which saw 85 sales. The "Umm Funain" area also gained traction with 83 deals, reflecting the growing demand across diverse neighbourhoods.
In terms of cash trading volume, "Muwailih Commercial" ranked highest at Dh470.7 million, followed by "Umm Funain" with Dh157.8 million, "Hay Hoshi" with Dh104.5 million, and "Tilal" at Dh94.6 million.
Central region focus
Sharjah’s central region accounted for 509 sales transactions, predominantly in "Al Qasimia," which led with 473 deals and a trading volume of Dh334.2 million. The area’s strategic location and infrastructural developments have played a significant role in boosting its real estate appeal.
Khorfakkan and Kalba deals
Khorfakkan city saw 16 sales transactions, with "Hay Al-Harai Industrial" leading in activity, while "Al-Batha 4" recorded the highest trading volume at Dh5.7 million.
In Kalba, there were 15 transactions, with "Sur Kalba Commercial" seeing the most activity, while "Al-Sur 4" topped in trading volume at Dh3.2 million.
Sharjah’s real estate sector remains a beacon of growth, blending modernity with heritage. With competitive pricing, a robust legislative framework, and a strong focus on sustainable development, the emirate continues to attract investors from across the globe.