Sharjah property market starts 2025 on high note, transactions soar nearly 80% in January

23/02/2025 12:21 AST

The Sharjah real estate sector started 2025 on a high note, registering a nearly 80 per cent increase in transactions to Dh7 billion in January compared to Dh3.9 billion in the same month of 2024.

The total number of transactions more than doubled to 11,116 in January 2025 compared to 5,412 in the same month last year.

The Sharjah real estate market has witnessed remarkable development in recent years, mainly due to the government allowing people of all nationalities to buy properties.

In addition, developers have launched numerous luxury and affordable projects, providing a wide range of options that meet the needs of investors and residents alike.

The monthly statistical data issued by the Sharjah Real Estate Registration Department showed that the number of mortgage transactions reached 677 with a value of Dh1.1 billion.

Sales transactions took place in 114 areas distributed across the various cities and regions of the emirate which included residential, commercial, industrial and agricultural lands and properties.

The Muwailah commercial area recorded the highest real estate deal which was on built-in land worth Dh46.5 million.

Muwailah Commercial continued to lead the list of areas with the highest number of sales transactions, which reached 179, followed by the Hay Hoshi area with 98 transactions, the Al-Khan area with 91, and the Um Fanain area with 76 transactions.

Muwailah Commercial topped in trading value with Dh239.4 million, followed by the Al-Sajaa Industrial area with Dh187.9 million, the Um Fanain area with Dh141.3 million, and the Hay Hoshi district with Dh109.7 million of cash trading volume.

Khaleej Times