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Sharjah real estate market booming: $463 million transactions recorded in April

In April, Sharjah had a total of 1,632 transactions. Out of these, 579 were sales transactions, making up 35.5% of the total

Sharjah real estate market booming: $463 million transactions recorded in April

According to data released by the Sharjah Real Estate Registration Department, in April 2024, real estate transactions in Sharjah totalled $463 million (AED 1.7 billion), encompassing 1,632 transactions spread over 6.5 million square feet.

The report further went on to reveal that there were a total of 1,632 transactions, with 579 sales transactions accounting for 35.5% of the total. There were 197 mortgage transactions, making up 12.1% of the total, with a combined value of $109.50 million (AED 402.2 million). The remaining 856 transactions represented 52.4% of the total.

Sales transactions in Sharjah were reported in 89 different areas spread out across various cities and regions. The properties involved in these transactions included residential, commercial, industrial, and agricultural lands. The breakdown of the type of real estate traded shows that there were 253 land transactions, 185 transactions for units in towers, and 141 transactions for built-in lands.

Overall, the data showed a growing confidence in Sharjah’s real estate market, highlighting its attractiveness for investors and ongoing development. Therefore, it would not be wrong to say that the emirate has emerged as one of the most alluring global investment destinations.