Team Blitz India
The Real Estate Transactions and Mortgages Movement report issued by the Sharjah Real Estate Registration Department revealed a trading volume of Dhs3.1 billion with 4,458 real estate transactions in February 2024 across various regions and cities.
These impressive results indicate that the real estate sector in Sharjah continues to significantly grow and prosper. While the development projects in the emirate have been attracting a wide number of local, Arab, and international funds and investments, which resulted in high returns for investors.
Moreover, the continued support from the Sharjah Government for this sector have made a huge positive impact. Starting from the series of incentives, the different facilities to investors, entrepreneurs, and real estate developers.
The total number of transactions carried out during February had reached 4,458 transactions. The sales transactions reached 1,048 representing 23.5% of the total number of transactions. Mortgage transactions were 355 representing 8% of the total with a total value of Dhs 581.4 million. The remaining transactions amounted to 3,055, which represented 68.5% of the total number of transactions.
The sales transactions took place in 101 areas distributed across various cities and regions of Sharjah with a total area of 8.7 million square feet. These properties included residential, commercial, industrial, and agricultural lands. As for the type of traded real estate, 413 lands were traded, 328 units in towers, and 307 of built-in land transactions.
