The amount of real estate transactions in different regions and cities of the Emirate of Sharjah reached 3.1 billion dirhams in March 2024, while the total number of transactions reached 2,606 transactions, and the total volume of the traded area reached in sales transactions of 8.1 million square feet in the same period, according to what was stated by the “Real Estate Transactions Report” issued by the Real Estate Registration Department in the Emirate of Sharjah.
In detail, the report indicated that the total number of transactions executed in the month of March reached 2,606 transactions, with the number of sales transactions reaching 837 transactions, representing 32.1% of the total number of transactions, and the number of mortgage transactions reaches 333. Transactions, representing 12.8% of the total transactions, with a total value It came to 1.1 million dirhams, and the rest of the other transactions amount to 1,436 transactions, representing 55.1% of the total number of transactions.
Sales transactions were held in 97 areas spread across different 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 was traded, and the number of built land transactions reached 247 out of the total transactions, and detached tower transactions reached 240 transactions .
Muwailih commercial area continues to lead 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 Al Khan area with 62 transactions, and the Tilal area with 49 transactions.
In terms of the most active areas in terms of money transaction volume, Muwailih Commercial District topped the list with a transaction value that reached 183.2 million dirhams, followed by Al Khan district with 129.7 million dirhams, then Al Sajaa Business District with 99.7 million dirhams, and Tilal region with 88.9 million dirhams.
In the Central Region, the total number of sales transactions reached 34 transactions, most of them located in Al Qasimia Town with 14 transactions, which was also the highest region with a monetary transaction volume of 10.9 million dirhams.
Regarding the cities of the Eastern Region, the department recorded 29 sales transactions, including 15 sales transactions in the city of Khor Fakkan, 11 sales transactions in the city of Kalba, and 3 sales transactions in the town – great Dibba Al-Hisn.
2024-04-28 10:07:26
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