Scotland Times

Wednesday, Oct 16, 2024

Sharjah real estate attracts investors with 80 per cent monthly growth

Sharjah real estate attracts investors with 80 per cent monthly growth

In October 2023, Sharjah's real estate sector in the UAE witnessed a substantial 80% increase in monthly transactions, reaching nearly $1 billion (AED 3.6 billion) across 3,798 transactions.

This marked growth, as reported by the Sharjah Real Estate Registration Department, significantly outpaced the activity in September, which saw AED 2 billion ($544.5 million) through 2,519 transactions.

This surge reflects strong investor confidence in Sharjah's real estate market and its capacity to attract and amplify investments. The transactions included a mix of sales, mortgages, and other dealings across residential, commercial, industrial, and agricultural properties.

The leading areas in terms of sales transactions were Muwailih Commercial, Al-Khan, Al-Mazairah, and Tilal. Muwailih Commercial also led in monetary trading volume, indicating its prominence in Sharjah's real estate market.

This growth trend highlights the emirate's appeal as a dynamic real estate market in the region, offering diverse investment opportunities and financing facilities.

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