The Real Estate Registration Department of Sharjah released a report showcasing the real estate performance in the Central and Eastern regions of the emirate. Through its four branches in Al-Dhaid, Khor Fakkan, Dibba Al-Hisn, and Kalba, the cash trading volume, a key indicator of economic activity, reached an impressive Dh332.4 million. Additionally, during the first quarter of 2024, these branches facilitated 6,732 transactions spanning a substantial 10.1 million square feet.

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Director of Branches Department at the Sharjah Real Estate Registration Department, Omar Al-Mansouri, remarked, “Over the years, the real estate sector in the Central and Eastern regions has consistently evolved, broadening economic horizons and providing promising opportunities.”

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The four branches accounted for 3.3% of Sharjah’s total real estate trading volume. In Al-Dhaid, the total cash trading volume was Dh146.2 million, representing 1.5% of the total. Khor Fakkan recorded a trading volume of Dh114.8 million, or 1.1% of the total. Kalba’s transactions totaled Dh62 million, or 0.6% of the total. Dibba Al-Hisn saw transactions worth Dh9.3 million, which represented 0.1% of the total trading volume.

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The branches completed mortgage transactions totaling Dh130.3 million during the period.