Central and Eastern Sharjah Real Estate Transactions Reach Dh32.3 Million in Q1 2024

Central and Eastern Sharjah Real Estate Transactions Reach Dh32.3 Million in Q1 2024

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.

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