Real estate in Sharjah is consistently thriving, as seen by the 47% rise in real estate transactions during the first nine months of 2024 over the same period the previous year. With a total of 69,078 transactions, the value of these transactions reached Dhs28 billion, representing a 16.5% increase over the same time last year. Over the same time period, Sharjah real estate attracted 114 different countries, demonstrating its continued appeal to investors from a wide range of backgrounds.
In contrast to non-Emirati GCC citizens, who invested Dhs1.7 billion with 1,166 properties, UAE citizens invested Dhs13.7 billion with 22,908 properties. Other Arab citizens invested Dhs 5.1 billion, which included 4,651 properties, while citizens of other nations invested Dhs 7.5 billion, which included 4,587 properties. Numerous encouraging signs were found in the report published by the Sharjah Real Estate Registration Department (Sharjah RERD).
Compared to 11,000 transactions during the same period last year, there were 17,000 sales transactions, usufruct sales, and preliminary contracts in total. With 3,229 transactions, the total value of real estate mortgages was Dhs7.5 billion. The emirate’s real estate enjoys ongoing support from His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, as well as ongoing follow-up by His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince, Deputy Ruler and Chairman of the Executive Council of Sharjah, according to Abdul Aziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department. This is reflected in the sector’s positive reports.
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