Sharjah's real estate sector recorded its strongest monthly performance in October 2024, processing AED 4.4 billion ($1.2bn) across 4,883 transactions covering a total of 14 million square feet. The figures, released by the Sharjah Real Estate Registration Department (SRERD), confirm the emirate's sustained growth momentum heading into 2025.
Transaction Breakdown
Sales transactions accounted for 1,415 deals, representing 29 per cent of the total. Mortgage transactions reached 443, or 9.1 per cent of the total, with a combined value of AED 1.3bn ($354m). Other transactions numbered 3,025, representing 61.9 per cent of all activity.
The 4,883 transactions spanned 126 areas distributed across the cities and regions of Sharjah, covering residential, commercial, industrial, and agricultural land. By property type, the breakdown was 693 land transactions, 450 unit sales in towers, and 272 built-in land transactions.
Leading Areas by Sales Volume
Muwailih Commercial topped the list with 257 sales transactions and the highest trading volume at AED 258.6m ($70.4m). It was followed by Al Khan area with 106 transactions and a trading volume of AED 83.2m ($22.7m), Muzeirah with 92 transactions, and Tilal with 81 transactions and AED 161.6m ($44m) in volume.
Al Sajaa Industrial area recorded AED 130.5m ($36.5m) in trading volume, rounding out the top areas in Sharjah's main zone.
Record Deals: Al Mamzar
Al Mamzar area posted two standout transactions in October. It recorded the highest single real estate deal on land, valued at AED 62m ($16.9m), and the highest mortgage transaction in the emirate that month — a vacant land deal worth AED 386m ($106m).
Central Region: Al Qasimia City Leads
In the Central Region, total sales transactions reached 226. Al Qasimia City dominated with 193 transactions, also leading in trading volume at AED 133.6m ($36.4m). Khorfakkan recorded 23 sales transactions, with Al Harai Industrial and Commercial District accounting for five transactions. The highest trading volume in that zone was recorded in Hay Al Zubara area at AED 2m.
Eastern Region: Kalba City
In Kalba city, 19 sales transactions were recorded. The areas of Sur Kalba Commercial and Al Tarif 5 each led with three transactions. Al Tarif 1 area posted the highest trading volume in the eastern zone at AED 4.1m ($1.1m).
The breadth of activity across Sharjah's cities — from the main urban core to the Central and Eastern regions — underlines the consistency of demand across the emirate's diverse property market.
