UAE records Dh1.7 billion in real estate transactions for April in Sharjah

Omar Abbas - | Business

A notable uptick in real estate activity was revealed by the Sharjah Real Estate Registration Department in April, with a total of 1,632 deals totaling Dh1.7 billion.

This increase highlights both the emirate's continued development efforts and its attractiveness as an investment location. The significant surge in transactions indicates that the Sharjah real estate market is gaining traction. Let's now explore the details of these transactions and how they were distributed.

Sales transactions accounted for a notable portion, comprising 579 transactions, or 35.5% of the total. These transactions boasted a diverse array of properties, including residential, commercial, industrial, and agricultural lands. Among the sales, 253 were land transactions, 185 involved units in towers, and 141 transactions were for built-in lands.

Mortgage transactions, totaling 197, constituted 12.1% of the overall transactions. Despite being fewer in number, their cumulative value amounted to Dh402.2 million, signifying substantial investment activity within the market. The remaining transactions numbered 856, representing 52.4% of the total. These encompassed various facets of real estate dealings, further enriching the diversity and dynamism of Sharjah's property landscape.

Sharjah's varied urban and rural settings were covered by the 89 places where sales transactions were made. 527 sales transactions were recorded in the city of Sharjah alone. Among the locations, the busiest one was Muwailah Commercial, with 114 transactions, closely followed by Rawdat Al-Qart, Al Khan, and Hoshi.

Top-value transactions

In terms of value, Muwailah Commercial emerged as the frontrunner, boasting a trading volume of Dh168.4 million. Other notable regions include Al Saja’a Industrial, Tilal, and Hoshi, each contributing significantly to the overall transaction value. In the Eastern and Central regions, sales transactions totaled 50, with Al Madina Al Qasimia leading the pack with 18 transactions. This region also commanded the highest cash trading value, reaching Dh14.2 million.

Expanding Investment Horizons

The surge in real estate transactions during April not only reflects current market dynamics but also signals a broader trend of expanding investment horizons in Sharjah. Investors are increasingly drawn to the emirate's diverse portfolio of properties, which encompass residential, commercial, industrial, and agricultural assets. This diversity not only mitigates risk but also offers investors a wide range of opportunities to capitalize on various sectors within the real estate market.

Investor confidence is improving, as seen by the strong performance of Sharjah's real estate market in April. Because of its advantageous geographic location, aggressive government initiatives, and stable political climate, Sharjah has managed to draw investment despite uncertainty in the global economy. Sharjah is seen by investors as a secure refuge where they can profit from high returns and long-term value growth.

The increase in property deals is also consistent with Sharjah's continued focus on sustainable development. The emirate has put in place a number of programs targeted at improving social inclusion, environmental sustainability, and infrastructure. These programs not only improve the standard of living for locals, but they also foster an atmosphere that is favorable to investment, which propels the real estate industry's further expansion.

The real estate market in Sharjah is resilient and well-positioned for future expansion. The emirate is well-positioned to weather any economic setbacks and emerge as a top real estate investment destination in the area because of ongoing development projects, supportive government policies, and growing investor confidence. For years to come, Sharjah's real estate industry will continue to be a major force behind both sustainable growth and economic prosperity as it develops and advances.

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Omar Abbas
Omar Abbas
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