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Wednesday, July 24, 2024

Real Estate Transactions in Sharjah Reach Dh2.6 Billion in November

Sharjah Reach The emirate of Sharjah witnessed a surge in real estate transactions, reaching Dh2.6 billion in November 2023, showcasing vibrant market dynamics.

Diverse Transaction Landscape

A total of 4,079 transactions unfolded during this period, encompassing a vast trading area of 10.6 million square feet and reflecting the diverse real estate landscape of Sharjah.

Investor Appeal and Aspirations: Sharjah Reach

Sharjah maintains its allure for foreign and Arab investors, offering a secure investment environment, competitive prices, and a range of facilities in new projects, aligning with the aspirations of various investor segments.

Insights Breakdown: Sharjah Reach 

Transaction Types:

Sales transactions constituted 20.2%, mortgage transactions 8%, and other trading transactions 71.8% of the total.

Geographical Spread:

Sales transactions spanned 102 areas across Sharjah, covering residential, commercial, industrial, and agricultural real estate.

Property Variety:

Land transactions numbered 330, built-in land transactions reached 256, and sub-divided towers accounted for 236 transactions within the total sales.

Top Performing Areas:

Muwailih Commercial, Al-Sajaa Industrial, and Al-Khan areas emerged as leaders in both transactions and trading volume.

Regional Highlights:

Central Region, Khorfakkan, and Kalba each contributed to the overall success, with specific districts and areas showcasing noteworthy transactions and trading volumes.

These robust figures underscore Sharjah’s standing as a dynamic investment hub, catering to the diverse preferences and needs of investors in the real estate sector.

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