3,000 Real Estate deals were registered in Sharjah at the beginning of the year.

At the beginning of the year, Sharjah saw 673 transactions made for the sale of real property, as well as 250 mortgage agreements and 2,076 other property deals. The emirate is fast becoming the best place to invest in real estate after Dubai, and already in the first month of this year, AED 2 billion (USD 544,580,000) was spent on purchase of real estate and other real property deals.

Based on the information from the Sharjah Real Estate Registration Department, real estate deals have been made in different areas. The size of the purchased property, together with commercial, agricultural and residential areas amounts to 4.3 million square feet.

Additionally, 162 lands and 245 land plots with various buildings can be included in this property.

Areas of Sharjah with the highest rate of transactions

The sale of 266 properties were registered in the complexes.

The first place in the ranking among the districts with the largest number of sales is the Muwaileh Commercial area, with 136 real property deals concluded here. Al Rigaibah area is in second place with 84 transactions made here. Third is Al Khan, where 60 deals were done, and the Hoshi area amounted to 49 deals.

In the value ranking among the top selling areas, Al Khan area is the leader with a revenue of AED 266.2 million (USD 72,484,000). The second and third places are occupied by the trade areas of Muwaileh and Al Rigaibah. Their transaction values were AED 106.4 million (USD 28,972,000). The Al Sajaa industrial area with AED 69.6 million (USD 18,951,000) is the final one.

In the central part of Sharjah, the biggest number of real property deals were registered in Al Thumama and Al Qasimia. They have 6 and 5 deals.

The industrial zone of Kalba City, became the leader with 6 purchase and sales transactions. The largest transaction volume with AED 1.6 million (USD 436,000) was in the Suhaila 31 area.

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