A total of 747 real estate sales in 106 areas valued at $517 million were recorded in Sharjah in the month of June 2022, according to a report by Sharjah Real Estate Registration Department (SRERD).
The total number of real estate transactions was 2,521, including 358 mortgage transactions worth AED 764 million (14.2 percent) and 747 selling transactions, representing 29.6 percent of the total, while the rest of the transactions represented 56.2 percent, or 1,416.
The June real estate transactions in the emirate covered more than 6 million square feet and included residential, commercial, industrial, and agricultural lands.
According to the type of property, vacant land transactions amounted to 239 (32 percent). In comparison, built lands amounted to 177 transactions (23.7 percent), while the separated towers represented 331 transactions (44.3 percent).
Abdulaziz Ahmed Al Shamsi, Director General of SRERD, said, “Despite being impacted by the global economic conditions since last February, the sector has maintained an upward momentum in growth and a positive recovery pace. It has benefited from the increased appetite of investors to conduct real estate transactions. Companies and individuals seek to invest in real estate as it is a safe haven for capital and an ideal way to achieve a decent lifestyle.”