In the first nine months of 2022, Sharjah saw real estate sales worth Dh16.6 billion, according to data released on Thursday.
There were 65,314 transactions in total in the emirate over the time period, according to the Sharjah Real Estate Registration Department (SRERD).
“During the first three quarters of 2022, the real estate market in the Emirate of Sharjah experienced an upward recovery and good growth in sales transactions, in addition to the introduction of new real estate projects. According to Abdul Aziz Ahmed Al Shamsi, “Real estate remains a strong economic component, capable of self-sustaining commercial activities, vitality, and attraction by businessmen and investors, despite the persistent volatility of global oil prices and its impact on the business sector.
The greatest month for trading had a volume of Dh2.7 billion in March, followed by Dh2 billion plus in August and Dh1.97 billion plus in June.
In August, Sharjah saw a total of Dh2 billion in real estate sales.
96.5% of the total transaction value, valued at Dh16 billion, was purportedly handled by the main branch in Sharjah. The Central Region, Khorfakkan, Dibba Al Hisn, and Kalba branches each received 3.5% of the total transaction value, or nearly Dh600 million.
Sharjah saw 38,902 transactions, followed by Khorfakkan (8,635), Kalba (7,563), Dibba Al Hisn (5,560), and the Central Region (4,654) in terms of transactions.
Sharjah reports real estate transactions totaling Dh11.2 billion in the first half of ’22.
Ten new real estate projects were registered around the emirate in the first nine months. Residential projects, commercial projects, residential projects, and other projects that combined commercial and residential components were all divided into different categories.
79 nations’ worth of investors
Investors from 79 different nations transacted on 20,280 properties during that time, of which 731 were sold in usufruct transactions.
17,337 properties were traded by 9,696 Gulf investors for a total of Dh12.2 billion in investments. Through 2,752 properties and 2,540 investors, investors from other nationalities invested Dh4.4 billion.