2024-04-28 10:07:26
The volume of real estate trading in different regions and cities of the Emirate of Sharjah reached 3.1 billion dirhams during the month of March 2024, while the total number of transactions reached 2,606 transactions, while the total volume of the area traded in sales transactions reached 8.1. million square feet during the same period, as stated in the “Real Estate Transactions Report” published by the Real Estate Registration Department of the Emirate of Sharjah.
In detail, the report indicates that the total number of transactions executed during the month of March reached 2,606 transactions, the number of sales transactions reached 837 transactions, accounting for 32.1% of the total number of transactions, and the number of mortgage transactions reaching 333. transactions, representing 12.8% of the total transactions, with a total value of 1.1 million dirhams, while the rest of the other transactions amounted to 1,436 transactions, or 55.1% of the total number of transactions.
The sales transactions took place in 97 areas spread across various cities and regions of the Emirate of Sharjah. These properties included residential, commercial, industrial and agricultural land. Regarding the type of real estate traded, 350 vacant land plots were transacted, while the number of developed land transactions reached 247 out of the total transactions, while individual tower transactions reached 240 transactions.
Muwailih commercial area continues to top the list of areas with the highest number of sales transactions in Sharjah City with 156 transactions, followed by Rawdat Al Qart area with 119 transactions, then the d ‘Al Khan with 62 transactions and the Tilal area with 49 transactions.
As for the most active areas in terms of volume of spot exchanges, the Muwailih commercial zone tops the list with an exchange value which reached 183.2 million dirhams, followed by the Al Khan zone. with 129.7 million dirhams, then the Al Sajaa industrial zone with 99.7 million dirhams. and the Tilal area with 88.9 million dirhams.
In the Central region, the total number of sales operations reached 34 transactions, the bulk of which was concentrated in Al Qasimia city with 14 transactions, which was also the highest region with trading volume in the amounting to 10.9 million dirhams.
As for cities in the Eastern region, the department recorded 29 sales transactions, including 15 sales transactions in Khor Fakkan city, 11 sales transactions in Kalba city and 3 sales transactions in Khor Fakkan city. Dibba Al-Hisn.
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