Close Menu
  • WORLD
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

From Fort to Future: How Dubai Police Evolved into a Smart AI-Driven Force

June 2, 2025

Cool Off in Style: The Perfect Pool Day at Burj Al Arab’s SAL

June 2, 2025

Dubai Launches Major Road Upgrade with New Tunnels in Jumeirah, Umm Suqeim

June 1, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram Vimeo
Dubai.News: Stay Updated With The Latest UAE & Global News
Subscribe Login
  • WORLD
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports
Dubai.News: Stay Updated With The Latest UAE & Global News
  • Home
  • UAE
  • Middle East
  • WORLD
  • Entertainment
Home - Real Estate - Sharjah Real Estate Sector Booms with $7.6 Billion in Transactions in First Nine Months of 2024
Real Estate

Sharjah Real Estate Sector Booms with $7.6 Billion in Transactions in First Nine Months of 2024

Transaction Volume Soars by 47% Amid High Investor Confidence
Ra'uf Asim RahalBy Ra'uf Asim RahalNovember 2, 20242 Mins Read
Share Facebook Twitter WhatsApp Email LinkedIn Telegram
arabianbusiness

We noted that the real estate market of Sharjah has received a great boost in 2024, where the real estate transaction figure currently stands at AED28 billion (equivalent to 7.6 billion US dollars) for the first nine months, which can be compared to 47% of the same period of 2023. Non-residents’ confident buying and high incentives for market development across the emirate contributed to a year-on-year rise of 16.5% for the Sharjah Real Estate Registration Department with 69,078 total transactions.

The investment boost involved funds from 114 countries, the UAE nationals invested AED 13.7 billion in 22908 units. Other GCC nationals invested AED 1.7 billion ($ 463 million in 1,166 units and Arabian investors invested AED 5.1 billion ($ 1.4 billion in 4,651 units. This share was also dominated by international investors who invested AED7.5 billion ($2 billion) in 4,587 properties.

According to Director General Abdul Aziz Ahmed Al Shamsi, the growth is due to new rules enabling non-citizens and Gulf nationals to purchase property in Sharjah, coupled with various developments. Sales transactions increased to 17,000 up from 11,000 as of last year and mortgage transactions hit AED 7.5 billion ($2 billion) through 3,229 transactions.

Muwailih Commercial recorded the highest level of activity achieving 1,980 transactions with total value of AED2.2bn ($599m) of which Rawdat Al-Qart was the most active community with 750, Tilal with 560, and Al-Khan with 445. Residential properties accounted for the most with 7, 657 sold, which was 83.1% better than the year before, and the commercial, industrial, and agricultural sales also went up showing that there is demand across all markets.

This was according to Al Shamsi who reported a high demand of title deeds, subdivision of the units and pre-sale contract pointing to more investors in new projects. As many as eight major real estate projects were launched this year, involving towers and residential complexes, Sharjah real estate market eagerly looks forward to the growth and investors’ attraction.

 

 

Print Friendly, PDF & Email
Share. Facebook Twitter WhatsApp Email Copy Link
Previous ArticleDubai’s New Salik Toll Gates Set to Open Soon to Tackle Traffic Congestion
Next Article Record-Breaking Participation at Dubai Stand Up Paddle 2024 at Hatta Dam
Ra'uf Asim Rahal

Related Posts

Now You Can Invest in Dubai Property for Just AED2,000 Through This New Platform

May 26, 2025

8 Beautiful Cafes in Sharjah You Need to Visit

May 25, 2025

AI Drives Younger Buyers to Dubai Real Estate Market in 2025

May 14, 2025

Dubai Real Estate Outlook for 2025 Remains Strong Amid Golden Visa Surge and Global Investor Confidence

May 14, 2025
Demo
Just In

From Fort to Future: How Dubai Police Evolved into a Smart AI-Driven Force

June 2, 2025

Cool Off in Style: The Perfect Pool Day at Burj Al Arab’s SAL

June 2, 2025

Dubai Launches Major Road Upgrade with New Tunnels in Jumeirah, Umm Suqeim

June 1, 2025

UAE Introduces Landmark Media Law After 40 Years to Regulate AI, Gaming, and Digital Platforms

May 30, 2025
  • Twitter
  • Instagram
Don't Miss
Artificial intelligence

From Fort to Future: How Dubai Police Evolved into a Smart AI-Driven Force

Dubai started setting up a world-class police force before the UAE was ever established. Dubai’s…

Print Friendly, PDF & Email

Cool Off in Style: The Perfect Pool Day at Burj Al Arab’s SAL

June 2, 2025

Dubai Launches Major Road Upgrade with New Tunnels in Jumeirah, Umm Suqeim

June 1, 2025

UAE Introduces Landmark Media Law After 40 Years to Regulate AI, Gaming, and Digital Platforms

May 30, 2025

Subscribe to Updates

Get the latest updates from Dubai News.

About Us
About Us

Dubai News (Formerly Fame News) is a leading news platform founded by Sheeraz Hasan, covering UAE and international news, entertainment, and technology. It is a sister concern of Fame by Sheeraz.

Email Us: sheeraz@fame.me

Facebook X (Twitter) Instagram

Subscribe to Updates

Get the latest news from Duabai News about UAE and international news, entertainment, and technology.

Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
A Fame By Sheeraz Media Company.

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?