TLDR:
Sharjah real estate soars to new heights
AED 4.4bln in transactions this October
Muwailih Commercial leads trading volume
SHARJAH (The Thursday Times) — October saw a record-breaking month for Sharjah’s real estate sector, with transactions reaching a staggering AED 4.4 billion across nearly 15 million square feet. In a testament to the emirate’s growing appeal, Sharjah registered its highest-ever monthly real estate transaction volume, reflecting a thriving property market and increased investor confidence.
Strong momentum
The October report from the Sharjah Real Estate Registration Department highlights an unprecedented period for the market, with nearly 5,000 transactions across residential, commercial, industrial, and agricultural properties. Sales made up a substantial portion of this activity, underscoring the diverse property interest in Sharjah. Muwailih Commercial and Al Khan emerged as top areas for transactions, with sales reflecting significant interest in these sought-after locations. This impressive transaction surge aligns with Sharjah’s continued development and growing status as a real estate hub.
Notable transactions
Among the standout transactions, Al Mamzar recorded the highest deal, valued at AED 62 million. This high-value sale showcases the upscale potential of Sharjah’s market. Meanwhile, mortgage activities also contributed significantly, with vacant land in Al Mamzar reaching AED 386 million, demonstrating sustained interest in high-stakes property investments. Residential lands and tower units continued to capture investor interest, driving market diversification.
Muwailih Commercial
Muwailih Commercial area took the lead with the highest transaction volume in Sharjah, reaching over AED 250 million. Other areas like Tilal and Al Sajaa Industrial followed closely, attracting strong investor engagement. Sales in Muwailih surged as it emerged as the most active locale, recording high turnover in transactions and value, marking it as a focal point for Sharjah’s real estate boom. Investors are showing a marked preference for commercial and residential spaces, particularly in vibrant, high-demand areas.
Regional distribution
In the Central Region, Al Qasimia City dominated sales, with trading volumes hitting AED 134 million, while Khorfakkan and Kalba saw activity primarily in industrial and commercial properties. The varied transactions across different areas reveal a balance in Sharjah’s market that appeals to diverse investor interests, from urban commercial spaces to peripheral agricultural lands. Areas such as Al Harai Industrial District and Al Tarif continue to attract interest, illustrating the potential for investment beyond Sharjah’s core urban areas.
Strategic hotspots
As Sharjah’s market reaches new heights, specific hotspots are emerging, such as Muwailih and Al Khan, which have become key focal points for high-value and volume transactions. With continued development, these areas are poised to remain central to Sharjah’s future real estate trajectory. Investors are increasingly drawn to Sharjah’s mix of traditional and developing areas, making it a competitive alternative to neighbouring emirates. The consistent growth in real estate transactions underscores Sharjah’s strategic significance in the UAE property landscape.
