7,768 real estate transactions were executed last month, with sales accounting for 1,348 transactions
Sharjah’s real estate sector continued to grow last month with the value of transactions amounting to AED3.5 billion ($952.99 million) for a total of 7,768 transactions, up from AED3.1 billion for a total of 4,458 real estate transactions in February 2024.
The monthly statistical data issued by the Sharjah Real Estate Registration Department revealed the total area traded in sales transactions reached 11.8 million square feet in February, up from 8.7 million square feet during the same month last year.
The data indicated that 7,768 real estate transactions were executed, with sales transactions accounting for 1,348 transactions, representing 17.4 percent of the total. Meanwhile, mortgage transactions reached 424 valued at AED711.6 million, constituting 5.5 percent of the total.
Sharjah records 941 initial sales contract transactions
The Sharjah Real Estate Registration Department also revealed that initial sales contract transactions recorded 941 transactions, while ownership certificate transactions amounted to 3,958. Additionally, title deed transactions totalled 1,097, making up 14.1 percent of all transactions.
Sales transactions were conducted across 116 areas in various cities and regions of the emirate. These transactions covered various properties, including residential, commercial, industrial and agricultural lands, reflecting the variety of investment opportunities available across Sharjah.
According to the data, transactions included 723 vacant land plots, 373 subdivided units and 252 built-up land transactions, showcasing the diversity and spread of investment opportunities throughout the emirate.
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Transactions surge to $1.91 billion in January 2025
February’s transactions mark a monthly decline compared to AED7 billion ($1.91 billion) during January 2025 when the total number of transactions more than doubled to 11,116 and the total area traded in sales transactions reached 10.4 million square feet.
The Sharjah Real Estate Registration Department also revealed that the total number of transactions in January reached 11,116, with the number of sales transactions reaching 1,246, representing 11.2 percent of the total number of transactions. As for the number of mortgage transactions, they reached 677, which represented 6.1 percent of the total transactions, and with a value of AED1.1 billion.
Additionally, the number of initial contract transactions reached 2,817, representing 25.3 percent of the total, while the number of property certificate transactions reached 4,177, representing 37.6 percent. Meanwhile, the number of title deeds transactions reached 2,199, representing 19.8 percent of the total number of transactions.
In January, real estate sales transactions took place in 114 areas distributed across the various cities and regions of Sharjah. In terms of the type of traded real estate, there were 651 transactions for vacant lands, 332 for sub-divided towers, and 263 transactions for built-in lands.
