The volume of real estate trading in various regions and cities of the Emirate of Sharjah reached 1.7 Billion Dirhams during the month of April 2024, while the total number of transactions reached 1,632 transactions, while the total volume of the area traded in sales transactions reached 6.5 million square feet during the same period, according to what was revealed. The “Real Estate Transactions Report” issued by the Real Estate Registration Department in the emirate.
Increased Confidence
These data reflect the growing confidence in the real estate sector and the attractive investment environment in the smiling emirate, and indicate continued growth and development, as Sharjah strengthens its position as one of the most attractive and attractive destinations for investors.
In details, the report’s statistics showed that the total number of transactions executed during the month of April reached 1,632 transactions, with the number of sales transactions reaching 579 transactions, representing 35.5% of the total number of transactions, while the number of mortgage transactions reached 197 transactions, representing 12.1% of the total transactions, with a value of A total of 402.2 Million Dirhams, while the rest of the other transactions amounted to 856 transactions, representing 52.4% of the total number of transactions.
89 Regions
Sales transactions took place in 89 areas distributed across various cities and regions of the Emirate of Sharjah. These properties included residential, commercial, industrial and agricultural lands. Regarding the type of real estate traded, 253 vacant lands were traded, while the number of transactions for detached towers reached 185 out of the total transactions, while transactions for built lands reached 141 transactions.
Muwaileh is n the Lead
The total number of sales transactions in the city of Sharjah reached 527 transactions, while the Muwailih commercial area continued to lead the list of areas with the highest number of sales transactions with 114 transactions, followed by the Rawdat Al Qart area with 55 transactions, then the Al Khan area with 45 transactions, and the Hoshi area with 32 transactions.
As for the most active areas in terms of cash trading volume, the Muwailih Commercial District topped the list with a trading value of 168.4 Million Dirhams, followed by Al Saja’a Industrial Area with 75.1 Million Dirhams, then the Tilal area with 66.5 Million Dirhams, and the Hoshi area with 48.6 Million Dirhams.
In the Eastern and Central regions, the total number of sales transactions reached 50, most of which were concentrated in Al Qasimia City with 18 transactions, which was also the highest region with the volume of cash trading, which amounted to 14.2 Million Dirhams.