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The Sharjah Real Estate Registration Department has published a report highlighting the real estate market indicators in the regions and cities of Sharjah. The cash trade volume, which is a key indicator of economic activity, rose to an impressive 332.4 million AED ($90,500,694). The most popular locations for real estate purchases were:
- Al Dhaid
- Khor Fakkan
- Dibba Al-Hisn
- Kalba.
Additionally, in the first quarter of 2024, the total number of transactions in these cities reached 6,732, covering an extensive area of 10.1 million square feet.
Omar Al-Mansouri, Director of the Branches Department of the Sharjah Real Estate Registration Department, said, "Over the past years, the real estate sector in the Central and Eastern regions has witnessed a continuous development which expanded the economic horizons and offered promising opportunities."
The trade volume in the four branches accounted for 3.3% of the total real estate trade volume in Sharjah. The total cash trade volume in Al Dhaid reached 146.2 million AED, accounting for 1.5%. Meanwhile, in Khor Fakkan, this figure was 114.8 million AED (1.1%), and in Kalba, it was 62 million AED (0.6%). Dibba Al-Hisn's revenue amounted to 9.3 million AED, representing 0.1% of the total trade volume in the branches.