Sharjah’s real estate market continues its remarkable growth trajectory, with October marking a record-breaking Dh4.4 billion in transactions.
According to the latest “Real Estate Transactions” report by the Sharjah Real Estate Registration Department, the month witnessed 4,883 transactions spanning 14 million square feet — the highest monthly figure in 2024.
Sharjah’s real estate sector is one of the fastest-growing in the UAE, bolstering the local economy and addressing the rising demand for residential, commercial, and industrial spaces. This growth is driven by favourable government policies, including freehold laws for foreigners in select projects, which have attracted local and international investors.
October's Transaction breakdown
The report detailed that a total of 4,883 transactions took place in October. Sales accounted for 1,415 transactions, representing 29% of the total, while mortgage deals comprised 443 transactions, valued at Dh1.3 billion and representing 9.1%. Other transactions made up 3,025 deals, contributing 61.9% of the total.
Sales across 126 areas
Real estate sales transactions were spread across 126 areas, encompassing residential, commercial, industrial, and agricultural properties. The breakdown included 693 transactions for land, 450 for tower units, and 272 for built-in lands.
Record deals in Al-Mamzar
The highest single real estate deal was in Al-Mamzar, where a land plot was sold for Dh62 million. Al-Mamzar also recorded the largest mortgage deal of the month — a Dh386 million transaction on a vacant land plot.
Muwailih Commercial leads transactions
The Muwailih Commercial area emerged as the most active, recording 257 sales transactions out of a total 1,145. Al-Khan followed with 106 transactions, Muzeirah with 92, and Tilal with 81.
In trading volume, Muwailih Commercial topped the list with Dh258.6 million, followed by Tilal at Dh161.6 million, Al-Sajaa Industrial at Dh130.5 million, and Al-Khan at Dh83.2 million.
Regional Highlights
In the Central Region, 226 sales transactions were recorded, with Al-Qasimia City leading at 193 transactions and Dh133.6 million in trading volume.
Khorfakkan reported 23 sales transactions, with Al-Harai Industrial District and Al-Harai Commercial District each recording five transactions. The Hay Al-Zubara area recorded the highest trading volume at Dh2 million.
In Kalba, 19 sales transactions were noted, with Sur Kalba Commercial and Al-Tarif 5 leading with three transactions each. Al-Tarif 1 topped in trading volume, registering Dh4.1 million.