The real estate market in Sharjah saw a significant number of transactions in November 2024, totaling AED4 billion, and included 4,606 deals totaling 20.4 million square feet.

With these impressive figures and the guidance of astute leadership, Sharjah maintains its heritage character, which blends authenticity and modernity, while solidifying its status as a major real estate hub and one of the world’s most prosperous regions, renowned for its cultural and environmental diversity.

Along with offering very affordable costs when compared to other emirates, the emirate also offers a legislative framework that encourages investment and promotes the real estate industry, making it a fantastic place for people and families seeking luxury, comfort, and security.

In detail, the “monthly statistical data issued by Sharjah Real Estate Registration Department” indicated that the total transactions reached 4,606, of which the number of sales transactions reached 1,522, representing 33 percent of the total number of transactions. As for the number of mortgage transactions, they reached 339, representing 7.4 percent of the total transactions, and with a value of AED 668 million, while the remaining transactions reached 2,745, representing 59.6 percent of the total number of transactions.

In terms of property type, there were 925 lands, 322 units sold in towers, and 275 for built-in lands transactions. The sales transactions were spread across 116 locations throughout Sharjah’s cities and regions and included residential, commercial, industrial, and agricultural properties and lands.

With a land value of AED 180 million, the “Muwailih Commercial” area saw the largest real estate transaction ever. With a value of AED 51 million, this region also saw the largest mortgage transaction on built-in land.

There were 977 sales transactions in Sharjah overall, with the “Muwailih Commercial” area continuing to lead the list with 161 transactions, followed by the “Hay Hoshi” area with 104, the “Al-Khan” area with 85, and the “Umm Funain” area with 83.

With a trading volume of AED 470.7 million, the “Muwailih Commercial” sector topped the list of locations with the largest cash transaction volume. “Umm Funain” ($157.8 million), “Hay Hoshi” ($104.5 million), and “Tilal” ($94.6 million) were next in line.

The central region saw 509 sales transactions in total, with the majority of those transactions occurring in “Al Qasimia” city, which had 473 transactions and the greatest trading volume, totaling AED334.2 million.

There were 16 sales transactions in Khorfakkan city, with the “Hay Al-Harai Industrial” sector leading the pack with five transactions. The “Al-Batha 4” region had the greatest trading volume, totaling AED 5.7 million.

Lastly, there were fifteen sales transactions in Kalba city. With four transactions, the “Sur Kalba Commercial” sector ranked top, while the “Al-Sur 4” region had the greatest trade volume, totaling AED 3.2 million.