The monthly real estate transactions report of October 2023 issued by Sharjah Real Estate Registration Department, revealed that 3,798 transactions were carried out in the various regions of the emirate., the volume of these transactions was AED 3.6 billion with 8.2 million square feet traded. These numbers show an upward growth compared to the real estate activity in the emirate during September, in which the trading volume reached AED 2 billion through 2,519 transactions.

Moreover, the report also reflects the confidence of the clients in the real estate sector in the emirate, the sector’s ability to attract investors and increase the volume of their investments, and the major urban renaissance witnessed by Sharjah. Furthermore, the real estate growth during October has also confirmed the great investment incentives and opportunities, the diversity of options, and the financing facilities that the emirate provides to individuals and investors.

Transactions Classification

Statistics from the report revealed that the total number of transactions carried out during the above-mentioned period has reached 3,798 transactions, with the number of sales transactions reaching 903, representing 23.8% of the total number of transactions. In addition, the number of mortgage transactions were 356, representing 9.4% of the total transactions,. The rest of the other trading transactions amounted to 2,539 transactions, which represented 66.8% of the total number of transactions.

Sales transactions across 100 areas

The sales transactions took place across 100 areas distributed across various regions of the emirate, and these properties included residential, commercial, industrial, and agricultural real estate. As for the type of real estate, 279 lands were traded, and built-in land transactions amounted to 289, while the number of transactions for sub-divided towers reached 335 transactions, out of the total transactions.

Muwailih Commercial tops the list

“Muwailih Commercial” area topped the list of areas with the highest number of sales transactions in Sharjah, recording 207 transactions, followed by “Al-Khan” area with 91 transactions, “Al-Mazairah” area with 84, and “Tilal” area with 70 transactions.

As for the most active areas in terms of monetary trading volume, “Muwailih Commercial” area also took the lead, with a trading volume that reached AED 233.6 million, followed by “Falah” area with AED 133.4 million of trading volume, then“Tilal” area with AED 67 million, and“Al-Khan” area with a trading volume of AED 63.9 million.