Stay up to date with the latest market news
Sharjah recorded 61,357 real estate transactions in 2019, up 13.4% compared to 2018, according to data from the Sharjah Real Estate Registration Department (SRERD).
The value of transactions at AED 24.2 billion also increased 7.3% in comparison to the previous year.
A total of 11,535 title deeds transactions worth AED 9.6 billion were recorded. Among others were 3,760 mortgage transactions worth AED 14.6 billion, 963 valuation transactions, and 5,272 initial sales transactions.
Residential properties recorded the highest sales, constituting 69.4% of total transactions, followed by commercial properties at 15.9%, with industrial at 11.8% and agricultural at 2.9%.
Most of Sharjah city real estate sales transactions were recorded in Muwaileh Commercial, Al Khan, Al Nahda and Hoshi areas.
“However, the highest number of the Sharjah city real estate sales transactions recorded last year was in Muwaileh Commercial Area where 567 dealings, worth AED 1.2 billion were recorded,” said Abdulaziz Ahmed Al Shamsi, director-general, SRERD.
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.
Stay up to date
|_ga||2 years||The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.|
|_ga_34E12VSHW6||2 years||This cookie is installed by Google Analytics.|
|_gat_gtag_UA_66458947_1||1 minute||Set by Google to distinguish users.|
|_gat_UA-66458947-1||session||A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.|
|_gid||1 day||Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.|
|cookielawinfo-checkbox-statistics||1 year||This cookie is set by the GDPR Cookie Consent plugin to store the user consent for the cookies in the category "Statistics".|