Sharjah, UAE — A total of 3,386 real estate deals worth AED1.7 billion ($462 million) were recorded in Sharjah in March 2023, according to the Mortgage Movement Report by Sharjah Real Estate Registration Department (SRERD).
A total of 595 sales transactions representing 17.6 percent of the deals, while 319 mortgage transactions (9.4 percent) were recorded in the emirate, with a total value of AED 838.6 million. Other transactions were 2,472, representing 73 percent of the total number of transactions.
The sale transactions were done across 88 different areas and regions in the emirate. These properties included residential, commercial, industrial, and agricultural lands. A total of 157 plots of land were traded, while the built-land sales amounted to 207 transactions. The number of units sold in towers was 231.
Muwailih commercial area topped the list of sales traffic areas with 116 sales transactions, followed by Mazairah and Al-Khan with 68 transactions each and Al-Rigaibah area with 38 transactions.
As for the highest traded areas regarding the monetary value, Muwailih commercial area topped the list with a turnover of AED140.8 million, followed by Al-Sajaa Industrial area with a volume of AED75.2 million, Al-Khan area with a turnover AED69.8 million, and then Al-Nahda area with a volume of AED52.4 million.