Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out during the past month amounted to 2,417 transactions across 71 different areas distributed over the Emirate of Sharjah.
The transactions are broken down as follows: 588 sales transactions, 338 mortgage transactions and 1,491 classified as other miscellaneous transactions.
SRERD monthly report showed that out of all real estate transactions, sales were recorded at 24.3 percent, mortgage and other miscellaneous deals hit 14 percent and 61.7 percent respectively.
Abdulaziz Rashid Al Saleh, Director of SRERD said, “Total trading volume in July 2022 amounted to US$381 million (AED 1.4 billion); the number of mortgage transactions reached 338 in total, valued at $132 million (AED 487 million), solidifying that the Department is working consistently on its vision to increase investments in Sharjah.”
He said, “The results of July 2022 confirm the progress, growth and demand for real estate in Sharjah.”
He added, “We commit to strive towards excellence in line with Sharjah’s economic vision to witness a remarkable turnout from investors, and to set the stage for showcasing the emirate as a safe and comfortable locality to thrive and invest in.”
The department’s statistics indicated that the Muwaileh Commercial area had the highest number of sales transactions in Sharjah, amounting to 266.
The report ranked Muwaileh Commercial as the highest in Sharjah, Al Bardi 2 as the highest in Khorfakkan, Blida in the central region and Al Baraha in Kalba city.
The report also indicated that the total number of sales transactions was 588.
Vacant lands within Sharjah reported 145 transactions, while 126 transactions took place on built-up land.
Additionally, 317 transactions were related to detached towers.
The total traded area amounted to 2.8 million square feet and included residential, commercial, industrial and agricultural land.
The report confirmed that the top four investment areas in Sharjah were: Muwailih Commercial, Al Khan, Al Sajaa Industrial, and Hoshi.
In Khorfakkan, the top areas cited for investment purposes were: Al Zubarah Industrial, Al Bardi 2, Al Harrai industrial area and Al Zubarah.
In the central region, trades focused on the city of Qasimia, Al Balida, Khedira 2, and Al-Taybeh 2 area, while in Kalba city, Industrial, Al Baraha, Sur Kalba commercial and Al Bardi took the lead.