Growing Confidence in Sharjah’s Property Sector Reflected in Record Transactions in January 2024

The real estate market in Sharjah is on fire, with January 2024 witnessing a record-breaking surge in transactions totaling AED3.9 billion. This sharp increase from the previous year’s AED2 billion highlights the growing confidence investors have in Sharjah’s property sector.

The number of transactions in January 2024 also saw a significant uptick, with 5,412 transactions compared to just 2,999 in January 2023. This surge in activity reflects the increasing interest in Sharjah’s real estate market and indicates a strong start to the new year.

The report by the Sharjah Real Estate Registration Department provides a detailed breakdown of the transactions. Sales transactions accounted for 16.3 percent of the total, while mortgage transactions made up 5.3 percent. The remaining transactions encompassed various other types of real estate dealings, showcasing the diversity of the market.

The transactions in January 2024 included residential, commercial, industrial, and agricultural lands, with sales occurring across 106 areas in Sharjah. Key areas of activity included Muwailih Commercial, Al-Madina Al-Qasimia, and Hay Al-Haray Industrial area, among others.

Overall, the real estate market in Sharjah is booming, with investors showing increasing confidence and interest in the sector. This surge in transactions and trading volumes bodes well for the future of Sharjah’s property market.