In October, Sharjah’s real estate transactions topped AED7 billion, marking a significant 54.1 percent increase from the previous year. This impressive surge in the real estate market illustrates Sharjah’s robust economic health and attractiveness as an investment hub in the region. The recent figures released by the Sharjah Real Estate Registration Department underscore a positive trend that continues to bolster investor confidence.
Record-Breaking Transactions Fuel Growth
The month of October saw the emirate achieve a total of 12,539 real estate transactions, encompassing approximately 15.3 million square feet in traded sales area. This growth reflects a diverse and steady influx of investments across various sectors, including residential, commercial, industrial, and agricultural. The notable AED7 billion in real estate transactions not only demonstrates sustained demand but also highlights Sharjah’s strategic importance as a key player in the regional property market.
Transaction Breakdown and Investor Confidence
Within the total transactions, sales accounted for 1,964 deals, representing 15.7 percent of the overall activity, confirming a strong and sustained interest in property assets. The Sharjah Real Estate Registration Department also reported 599 mortgage transactions valued at AED2.2 billion, a clear indicator of growing confidence from both banks and investors. Initial sale contracts totaled 1,307, making up 10.4 percent of all transactions, while 6,315 property statements were issued, reflecting just over half of the recorded activity. Ownership deeds were significant as well, with 2,354 documents processed, equivalent to 18.7 percent of total transactions.
Geographical Highlights of Property Sales
Real estate activity extended across 120 areas in Sharjah, with notable transactions including 1,164 for land plots, 414 for built-in lands, and 386 for units in towers. In Sharjah city alone, 1,710 sales transactions were completed, showcasing diverse interests across neighborhoods. Al-Sehma led with the highest number of deals, totaling 326, followed by Muwaileh Commercial with 209, Tilal with 163, and Al-Sajaa Industrial Area with 148 transactions.
Top Performers and Trend Analysis
From a financial perspective, the Al-Sajaa Industrial Area emerged as the frontrunner with a trading value of AED559.6 million, followed closely by Tilal at AED359.8 million, Umm Fanain at AED280.3 million, and Muwaileh Commercial at AED255.3 million. In the Central Region, 202 sales transactions were recorded, with Industrial Area 3 leading, comprising 98 deals worth AED240.9 million. Notably, this area also registered the highest-value transaction of the month, a lucrative land sale worth AED77.7 million. The largest mortgage transaction for October occurred in Al Mamzar, amounting to AED386 million, further underscoring the financial strength and confidence in Sharjah’s burgeoning real estate market.