Sharjah: A recently published report on real estate transactions by the Sharjah Real Estate Registration Department reveals that the cash trading volume in the ‘Central and Eastern’ regions of the emirate reached AED 1.3 billion during the first nine months of 2024, marking a growth rate of 57.6 percent compared to last year. The total number of real estate transactions in the department’s branches amounted to 22,059, covering 37 million square feet.
According to Emirates News Agency, Omar Al Mansouri, Director of Branches Department at the Sharjah Real Estate Registration Department, emphasized the record levels achieved in the real estate sector in the ‘Central and Eastern’ regions. This success is attributed to the Sharjah Government’s focus on infrastructure development and legislative support, which has significantly strengthened the real estate sector across the emirate. Al Mansouri also highlighted the launch of various real estate and tourism projects, including road projects, hotels, and resorts, wh
ich have attracted investors domestically and internationally, resulting in growth in the real estate market.
In further detail, Al Mansouri mentioned that the transaction volume in the four branches constituted 4.7 percent of the total trading volume in the emirate. The ‘Central region’ alone recorded a cash trading volume of AED 810.3 million, representing 2.9 percent. In ‘Khorfakkan’, the trading volume was AED 262.4 million or 0.9 percent, while ‘Kalba’ accounted for AED 234.6 million or 0.8 percent, and ‘Dibba Al Hisn’ for AED 15.5 million or 0.1 percent of the total trading volume.
In the ‘Central region’, the number of sales transactions reached 577 across 41 areas, with a total value of AED 464.9 million. ‘Al Qasimia’ city had the largest share with 346 transactions, representing 60 percent of total sales, followed by ‘Al Maashi’ with 24 transactions, and “Maghsa Industrial” with 23 transactions.
In ‘Khorfakkan’, 194 transactions occurred across 23 areas, totaling AED 114.6 million. The “Hay Al Ha
rai Industrial” area recorded 37 transactions, 19.1 percent of total sales, followed by “Hay Hayawa 4” with 25, and “Hay Al Bardi 4” with 24 transactions.
In ‘Kalba’, 118 transactions took place across 33 areas, with a value of AED 78.9 million. “Al Tarif 5” recorded 25 transactions, 21.2 percent of the city’s total, followed by ‘Sur Kalba commercial’ with 15 transactions, and ‘Kalba industrial’ with 13 transactions.
Finally, in ‘Dibba Al Hisn’, 16 transactions occurred across 3 areas worth AED 12.3 million, with ‘Hay Al Shamali’ accounting for 68.8 percent through 11 transactions.
