The real estate sector in Sharjah continues to experience remarkable growth, with total real estate transactions in August reaching 4.9 billion dirhams, reflecting a 75.8% increase compared to the same month last year.
During August, there were 9,379 real estate transactions recorded, with total sales area amounting to 12 million square feet, according to the report released by the Sharjah Real Estate Registration Department.
The statistics from August underscore the ongoing momentum in the market, where 9,379 transactions took place, including 1,427 sales transactions, which accounted for 15.2%. This indicates a persistent demand for real estate assets within the emirate.
A total of 497 mortgage transactions were registered, representing 5.3% of all transactions, with a total value of 1.4 billion dirhams. Additionally, there were 1,257 preliminary contracts, constituting 13.4% of the deals, while 3,066 property certificates were issued, accounting for 32.7%. Moreover, 3,132 ownership deeds were processed, making up 33.4% of the overall transactions. The sales were distributed across 116 areas throughout various cities and regions of the emirate.
In terms of property types, there were transactions involving 771 vacant plots of land, whereas 402 transactions involved subdivided units, and 254 transactions were for built-up land. The area known as “Industrial Area 4” led the list with the highest real estate deals.