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Sharjah generated transactions worth AED 14.7 billion in the real estate market in the first six months of 2019, according to data from the Sharjah Real Estate Registration Directorate (SRERD). In all, 27,588 deals were recorded in the market.
Most of the property deals took place in Sharjah City, with 1,704 sales transactions covering 91 areas, out of a total 1,893 sales deals. The most popular areas were Muwaileh Commercial Area, followed by Al Khan and Al Nahda.
Residential transactions accounted for 69.7% of the total transactions recorded, with commercial properties at 17.8%, industrial properties at 10% and agricultural properties at 2.5%.
GCC nationals were the biggest investors in Sharjah’s property market during the period spending AED 11.8 billion, compared to AED 2.8 billion by investors from other nationalities. In all, investors from 37 nationalities invested in real estate in the emirate during the period.
Abdul Aziz Ahmad Al Shamsi, director-general of the SRERD said, “Most of the real estate dealings recorded in the emirate of Sharjah over first six months of the year were in May with dealings worth over AED 6 billion.”
Cavendish Maxwell is the MENA region’s leading firm of property consultants and chartered surveyors. If you are looking for professional real estate consultation or advice on property related matters, please view our services.
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Content and Communications Manager
Siddhi Sainani is a business and finance writer and a public relations professional with experience across markets in the UAE, Oman, India and the United States.
At Cavendish Maxwell, Siddhi is responsible for crafting research and marketing communications material for the firm’s various stakeholders including clients and government entities. She also leads the public relations activities for the firm, focusing on media outreach, reputation management and spokesperson profiling.
In her previous roles, Siddhi has reported on the financial markets for news outlets, developed institutional research for several institutions, and undertaken corporate communications initiatives for leading firms across sectors such as real estate, finance, banking, audit and advisory, and technology, among others.
Siddhi has a Bachelor of Mass Media degree with a specialisation in journalism and also holds a Post-Graduate Diploma in Integrated Communications covering advertising, marketing and public relations from Xavier Institute of Communications, Mumbai, India.
Sarah-Jane Carter
BA (Hons) DipM
Head of Marketing
Sarah-Jane joined Cavendish Maxwell in January 2020 as Head of Marketing and is responsible for the development of the marketing strategy and execution across the Middle East region. An energetic and results driven marketer, Sarah-Jane possesses a wealth of multi-channel marketing experience, within both B2B and B2C environments which she has gained over a 25 year career. Prior to joining Cavendish Maxwell, Sarah-Jane held senior marketing positions for major developers in Dubai including Emaar, Dubai Properties and Dubai Sports City. She also worked for IWG as the Regional Marketing Director responsible for the MEA and APAC regions. Before relocating to the UAE in 2005, Sarah-Jane held various management roles in public and private sector companies in the UK including ten years at Royal Mail and seven years at the Bank of America.
Sarah-Jane is a member of the Chartered Institute of Marketing and has a BA(Hons) Degree in Business and Marketing