In 2023, real estate transactions worth $326.7 million are expected to occur in the Central and Eastern Regions of Sharjah, marking a significant increase from previous years. According to the annual report from the Sharjah Real Estate Registration Department, the Central and Eastern Regions witnessed AED 1.2 billion in real estate transactions in 2023, compared to AED 1 billion in 2022.

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The branches of the department located in the Central Region, as well as the cities of Khor Fakkan, Dibba Al-Hisn, and Kalba, managed these transactions across 114 areas, totaling 26,172 real estate transactions.

During the same period, these four branches collectively accounted for 4.4% of all real estate trading in Sharjah. The Central Region branch recorded transactions worth AED 554 million, while the Khor Fakkan city branch recorded transactions worth AED 360 million. Additionally, the Dibba Al-Hisn branch recorded transactions worth AED 21 million, and the Kalba branch recorded transactions worth AED 265 million.

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Omar Al-Mansouri, Director of the Branches Department at the Sharjah Real Estate Registration Department, attributed the continued growth in the real estate sector to government policies and procedures, along with the availability of diverse investment options. He emphasized the attractiveness of both regions for real estate development projects, with the Eastern Region hosting projects offering sea and mountain views, and the Central Region featuring significant industrial real estate projects.

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Al-Mansouri highlighted the breakdown of real estate transactions by branch, with Kalba, Khor Fakkan, the Central Region, and Dibba Al-Hisn witnessing 7,636, 7,342, 6,670, and 4,524 transactions, respectively.

Furthermore, Al-Mansouri reported that sales transactions totaling approximately AED 700 million were conducted in the Central and Eastern Regions, with 872 transactions spread across 114 regions. The Central Region saw 434 transactions valued at about AED 400 million, with “Al-Madina Al-Qasimia” accounting for the majority of sales.

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In Kalba, there were 224 sales transactions worth AED 145 million, while Khor Fakkan witnessed 193 sales transactions valued at about AED 140 million. Dibba Al-Hisn recorded 21 sales transactions totaling AED 14 million, with the majority occurring in the “Hay Al-Shamali” area.

Overall, the report underscores the significant growth and diversity in real estate transactions across the Central and Eastern Regions of Sharjah, reflecting a positive outlook for the sector.