February 2024 witnessed a robust surge in Sharjah’s real estate transactions, totaling an impressive $844 million, as reported by the Sharjah Real Estate Registration Department’s “Real Estate Transactions and Mortgages Movement” report. Across various regions and cities, a total of 4,458 real estate transactions were recorded, underscoring the emirate’s continued growth and prosperity in the property market.

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The influx of local, Arab, and foreign investments into Sharjah’s development projects has been a significant driving force behind the sector’s success, yielding substantial returns for investors. This trend reaffirms the resilience and dynamism of Sharjah’s real estate market, which continues to attract diverse investment interests.

The steadfast support from the Sharjah government has played a pivotal role in nurturing the real estate industry. Through a range of incentives and facilities tailored for developers, investors, and business owners, the government has fostered an environment conducive to sustained growth and innovation in the sector.

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Breaking down the February transactions, a total of 1,048 sales transactions were completed, comprising 23.5% of the total, while mortgage transactions accounted for 8% with a total value of $158 million. The remaining 68.5% of transactions encompassed various real estate activities, reflecting the broad spectrum of the market’s activities.

A staggering 8.7 million square feet across 101 areas within Sharjah witnessed sales transactions, encompassing agricultural, commercial, industrial, and residential properties. Notably, the transactions included 307 built-in land transactions, 328 tower units, and 413 lands, showcasing the diversity of real estate offerings in the emirate.

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The “Muwailih Commercial” area emerged as the focal point of real estate activity, leading with 213 transactions, followed closely by “Rawdat Al-Qart,” “Al-Mazairah,” and “Al-Khan” areas, each recording 77 transactions.

In terms of trading volume, “Muwailih Commercial” area maintained its dominance, registering a trading volume of $104 million, followed by “Um Fanain,” “Al-Khan,” and “Al-Sajaa Industrial” areas with significant contributions.

The Central Region witnessed notable transaction activity, with “Al-Madina Al-Qasimia” recording the highest number of transactions, while “Blida” emerged as the top performer in terms of trading volume.

In Khor Fakkan, the “Al-Bardi 4” area secured the highest trading volume, underscoring the city’s burgeoning real estate landscape. Additionally, “Al-Saaf 7” and “Sur Kalba Commercial” areas witnessed noteworthy transaction volumes, highlighting the broader geographical diversity of real estate activities within Sharjah.

In conclusion, Sharjah’s real estate market continues to thrive, propelled by robust transactional activity and sustained investor confidence. The diverse portfolio of offerings and strategic government support position the emirate as a premier destination for real estate investment opportunities in the region.