It has been reported that this growth has been supported by 22,059 transactions for more than 37 million square feet, indicating increasing interest in Sharjah’s versatile portfolio of properties.
Omar Al Mansouri, Director of the Branches Department at the Sharjah Real Estate Registration Department, attributed it to Sharjah’s proactive approach to improving infrastructure and legislative support for investors. “Infrastructure development and effective government support have empowered the real estate sector in all regions of Sharjah,” Al Mansouri said, as quoted by Emirates News Agency (WAM).
Lawmakers and focus on standards have placed Sharjah locally and internationally as an investment destination. The Central and Eastern regions are significantly attractive to investors owing to new tourism projects and investments in road infrastructure, hotels, and resorts.
Property Transaction Highlights by Region
In Sharjah’s property landscape, transactions in the Central and Eastern regions represented 4.7% of the emirate’s total trading volume. Breakdown by region includes:
- Central Region: AED 810.3 million (2.9% of total) through 577 sales transactions across 41 areas, with Al Qasimia City leading with 346 transactions (60%), followed by Al Maashi (24 transactions) and Maghsa Industrial (23 transactions).
- Khorfakkan: AED 262.4 million (0.9% of total) through 194 transactions across 23 areas, led by Hay Al Harai Industrial area with 37 transactions (19.1%), followed by Hay Hayawa 4 (25 transactions) and Hay Al Bardi 4 (24 transactions).
- Kalba: AED 234.6 million (0.8% of total) through 118 transactions across 33 areas. Key areas include Al Tarif 5 with 25 transactions (21.2%), Sur Kalba commercial (15 transactions), and Kalba Industrial (13 transactions).
- Dibba Al Hisn: AED 15.5 million (0.1% of total) with 16 transactions across three areas. Hay Al Shamali accounted for 11 transactions (68.8%).
The robust investment across these regions underscores Sharjah’s growing appeal as a property destination, fueled by supportive legislation and infrastructure projects that enhance real estate prospects across the emirate.
