Sharjah's Real Estate market showed positive signs in February 2024
Sharjah's real estate market showed positive signs in February 2024, despite a slight dip compared to January. The total trading volume reached AED 3.1 billion (around $844 million), reflecting continued growth and investor interest in the emirate. While the number of transactions reached 4,458, representing a substantial volume, it indicated a 20.5% decrease from January.
The market activity saw a mix of sales, mortgages, and other real estate dealings. Sales transactions, totaling 1,048, accounted for 23.5% of the total, encompassing various property types like residential, commercial, industrial, and agricultural lands. Interestingly, a significant portion of transactions involved land plots (413), followed by units in towers (328) and built-in land deals (307). Geographically, Muwailih Commercial remained the most active area with the highest number of sales transactions (213), followed by Rawdat Al-Qart (138) and Al-Mazairah and Al-Khan (with 77 transactions each). This indicates a continued interest in specific areas within Sharjah.
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