Sharjah, UAE — Sharjah has recorded real estate transactions worth AED1.9 billion ($517 million) during July 2023, according to the monthly report issued by Sharjah Real Estate Registration Department.
The department executed a total of 2,783 transactions, including 684 sales transactions across 96 areas in various regions of the emirate and with more than 6 million square feet of traded area.
The number of mortgage transactions were 447, constituting 16.1 percent of the total number of transactions with a value of AED420.1 million. Other transactions accounted for 59.3 percent, with 1,652 different transactions.
These properties included residential, commercial, industrial, and agricultural lands. A total of180 land transactions were reported during this period.
The report also showed that “Mezair’ah” topped the list of areas with the highest number of sales transactions in Sharjah with 132 transactions, followed by “Muwaileh Commercial” area with 102 transactions, then “Al-Khan” area with 78 transactions, and “Al-Majaz 3” area with 36 transactions.
As for the areas with the highest volume in terms of monetary value, “Muwaileh Commercial” area topped the list with a value of AED82.8 million, followed by “Al-Sajaa Industrial” area with a value of AED57.8 million, then “Al-Rigaibah” area with AED42.8 million, and “Al-Khan” area with AED38.6 million.
In the central region, “Al-Qasimia” and “Al-Blida” areas reported eight transactions each, while the highest area in monetary value was “Al-Blida” with a value of AED15.5 million.
In Khor Fakkan, the Al-Haray industrial and Al-Haray Residential areas recorded three transactions each, while Al-Mudaifi recorded the highest monetary value with AED1.4 million.
The city of Kalba, the commercial areas of Sur Kalba, Sur Kalba and Al-Saf recorded three transactions each, while Al-Saf area had the highest monetary value, which amounted to AED5.7 million.