Sharjah Real Estate Market Sees Impressive Growth in April 2024

Sharjah’s real estate market has witnessed remarkable growth in April 2024, with a total of 1,632 transactions valued at AED1.7bn ($463m). According to the Real Estate Transactions Report issued by the Sharjah Real Estate Registration Department, this surge in transactions reflects the growing confidence in Sharjah’s real estate sector and its attractiveness to investors.

Breakdown of Transactions

The report reveals that sales transactions accounted for 35.5% of the total transactions, with a value of AED579m ($158m). Mortgage transactions made up 12.1% of the total, with a value of AED402.2m ($110m). The remaining 52.4% of transactions were categorized as “other.”

Distribution of Transactions

The transactions were distributed across 89 areas in various cities and regions of the emirate. The properties traded included residential, commercial, industrial, and agricultural lands. In terms of the type of real estate traded, there were 253 land transactions, 185 unit transactions in towers, and 141 transactions for built-in lands.

Investor Confidence

These numbers demonstrate the growing confidence in Sharjah’s real estate market, which has proven itself to be an attractive destination for investors. The emirate’s continuous development and investment-friendly environment have contributed to its thriving real estate sector.

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