In November 2023, the Sharjah Real Estate Registration Department’s monthly report revealed a robust real estate market, with transactions totaling AED 2.6 billion. The trading activity included a significant exchange of 10.6 million square feet, comprising 4,079 transactions.

The report underscores Sharjah’s appeal as a prime destination for both local and international investors, offering a secure business environment. The emirate stands out with new projects featuring affordable costs and diverse amenities tailored to meet the demands of various market segments.

Of the total transactions, 822 were sales transactions, constituting 20.2% of the overall activity. Mortgage transactions, numbering 327 and valued at AED 434.5 million, made up 8% of the total. The majority, accounting for 71.8%, comprised 2,930 trading transactions.

Sales transactions were distributed across 102 locations throughout Sharjah, encompassing residential, commercial, industrial, and agricultural properties. The report highlights 330 land transactions, with 256 involving built-in land and 236 being sales transactions related to subdivided towers.

Notably, the “Muwailih Commercial” area emerged as the most active, registering 130 sales transactions, followed by “Al-Mazairah” with 77 transactions, “Al-Khan” with 50 transactions, and “Rawdat Al-Qart” with 44 transactions.

In terms of trading volume, key areas included the “Al-Sajaa Industrial” area with AED 146.2 million, “Al-Khan” with AED 66 million, “Al-Majaz 3” with AED 61.6 million, and “Muwailih Commercial” with AED 159.2 million.

The Central Region saw substantial trading activity in “Al-Madina Al-Qasimia,” leading with AED 16.8 million in trading volume and 35 transactions. In Khorfakkan, the “Hayawa 4” district topped the list with six transactions and AED 7.1 million in trading volume.

In Kalba, “Sur Kalba Commercial” secured the highest number of transactions with six, while the “Al-Turaif 5” area claimed the top spot in real estate trading volume at AED 1.8 million.

These statistics underscore the dynamic and thriving real estate landscape in Sharjah, affirming its status as a sought-after investment destination with diverse opportunities for property buyers and investors. Stay updated on the latest real estate trends for a comprehensive understanding of the market dynamics.