The volume of real estate trading in the Emirate of Sharjah increased during the first half of 2024 by 35.6% compared to the same period in 2023, recording AED 18.2 billion. This is due to the steady increase in the number of sales transactions, which reached 10,809 transactions compared to 6,592 transactions for the same period last year.
According to the data recorded by the real estate trading reports in the Emirate of Sharjah, the results of the first half of the current year are the highest compared to similar periods since 2012, due to the qualitative leaps achieved by the emirate that attracted the interest of investors and enhanced their confidence in the real estate market in the emirate, in addition to the various advantages that the emirate is unique in.
The semi-annual report of the Sharjah Real Estate Registration Department issued yesterday showed many positive indicators, as the number of real estate transactions increased by 13.8%, and the total number of transactions executed during the first half of 2024 reached 46,524 transactions, compared to the number of transactions executed in the first half of 2023, which amounted to 40,876 transactions, including various real estate transactions.
Abdul Aziz Ahmed Al Shamsi, Director General of the Sharjah Real Estate Registration Department, stressed that the remarkable qualitative developments recorded by the real estate sector are an essential part of the comprehensive and continuous economic growth scene in the emirate, and they also clearly reflect the success of the strategic plans that lead the various economic and investment sectors, in a manner that translates the directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and with the follow-up of His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the Executive Council.
Al Shamsi added that Sharjah is moving confidently towards consolidating its economic position locally, regionally and globally through its diversified economy based on providing an attractive investment environment, establishing a solid legislative structure that protects rights and enhances investor confidence, in addition to launching sustainable development projects, including escalating urban development projects in various residential, commercial, industrial and agricultural fields.
He pointed out that the results of the real estate sector in the Emirate of Sharjah for the first half of the current year provide a clear indication of the advantages of diversity, competitiveness and attractiveness that distinguish real estate activity and its ability to open many windows, opportunities and spaces to attract owners, developers, investors, brokers and others.