Sharjah's real estate transactions in the Central and Eastern regions reached AED 1.3 billion during the first nine months of 2024 — a 57.6 percent increase over the same period in 2023, according to a report by the Sharjah Real Estate Registration Department. The report recorded 22,059 transactions across 37 million square feet of land.
Sharjah's Central and Eastern Regions Set New Benchmark
Omar Al Mansouri, Director of the Branches Department at the Sharjah Real Estate Registration Department, said the real estate sector in the Central and Eastern regions "achieved new record levels, thanks to the Sharjah Government's continued care in the development of the infrastructure and legislation, and providing all forms of support to investors, which has contributed significantly to strengthening the real estate sector in all cities and regions of the emirate," according to a statement by the Emirates News Agency WAM.
Al Mansouri added: "There has been a launch of many real estate and tourism projects in these two regions, such as road projects, hotels, and resorts, in addition to the advanced infrastructure, which made these areas the point of attraction for investors from inside and outside the country and led to a clear growth in the real estate market. We, at the Real Estate Registration Department, are working to implement standards and laws that enhance economic growth and support the prosperity of the real estate sector."
AED 1.3 Billion Spread Across Four Branch Cities
The AED 1.3 billion in Sharjah real estate transactions across the department's four branches represents 4.7 percent of the emirate's total trading volume for the period. Here is the city-by-city breakdown:
Central Region — AED 810.3 million (2.9%) The Central region led the group, recording 577 sales transactions across 41 areas, with sales totalling AED 464.9 million.
Khorfakkan — AED 262.4 million (0.9%) Khorfakkan recorded 194 transactions across 23 areas, valued at AED 114.6 million in sales.
Kalba — AED 234.6 million (0.8%) Kalba saw 118 transactions across 33 areas, worth AED 78.9 million in sales.
Dibba Al Hisn — AED 15.5 million (0.1%) Dibba Al Hisn reported 16 transactions across three areas, valued at AED 12.3 million. The Hay Al Shamali area alone accounted for 11 of those transactions — 68.8 percent of the city's total.
Infrastructure Investment Driving Investor Demand
The strong performance of Sharjah's Central and Eastern regions reflects a broader trend of infrastructure-led growth across the UAE. Road expansions, hotel developments, and resort projects in these areas have steadily attracted investors from both inside and outside the country, according to the Sharjah Real Estate Registration Department.
The 57.6 percent year-on-year surge in Sharjah real estate transactions underscores growing confidence in the emirate's property market, which recorded AED 40 billion in total transactions for the full year 2024.
