Sharjah's real estate market has surged in 2024, with the Sharjah Real Estate Registration Department (SRERD) recording AED 28 billion (approximately $7.6 billion) in transactions across the first nine months of the year. That figure represents a 47% increase compared to the same period in 2023, underlining the emirate's growing appeal to both local and international investors.
Record Transactions Across 69,078 Deals
Total transaction volume reached 69,078 deals — a 16.5% year-on-year rise — as new regulations enabling non-citizens and Gulf Cooperation Council (GCC) nationals to purchase property in Sharjah continued to fuel demand. Sales transactions alone rose sharply to 17,000, up from 11,000 in the same period the previous year.
Mortgage activity also strengthened, with mortgage transactions hitting AED 7.5 billion ($2 billion) across 3,229 deals, a sign of growing financing confidence among buyers.
Buyers From 114 Countries
The depth of international interest in Sharjah real estate transactions in 2024 is reflected in the diversity of investors. UAE nationals led with AED 13.7 billion invested across 22,908 units. GCC nationals contributed AED 1.7 billion ($463 million) in 1,166 units, while Arab investors outside the GCC committed AED 5.1 billion ($1.4 billion) across 4,651 units. International investors from beyond the Arab world accounted for AED 7.5 billion ($2 billion) in 4,587 properties.
Muwailih Commercial Tops Activity by Area
Muwailih Commercial was the most active area, recording 1,980 transactions worth AED 2.2 billion ($599 million). Within that district, Rawdat Al Qart led with 750 deals, followed by Tilal with 560 and Al Khan with 445.
Residential properties dominated sales, with 7,657 units sold — an 83.1% improvement year-on-year. Commercial, industrial, and agricultural property sales also rose, indicating broad-based demand across all asset classes.
New Projects and Rising Demand
SRERD Director General Abdul Aziz Ahmed Al Shamsi attributed the growth to regulatory reforms opening the market to non-citizen buyers, alongside a strong pipeline of new developments. Eight major real estate projects were launched in the emirate in 2024, including residential towers and mixed-use complexes.
Al Shamsi also highlighted rising demand for title deeds, unit subdivisions, and pre-sale contracts — indicators of sustained investor interest in off-plan projects as Sharjah's real estate sector positions itself for continued expansion.
