Amount Spent On UAE Real Estate Increased To Dh1.9 Billion in September

UAE Real Estate

Residential, Industrial, Business, And Agricultural Lands Made Up The Traded Properties. Which Have A Combined Area Of More Than 3.9 Million Square Feet.

In September, there were 2299 real estate transactions. According to a monthly report released by the Sharjah Real Estate Registration Department, the trade value of real estate in the city is Dh1.9 billion. 677 transactions were for real estate sales in various areas of the Emirate of Sharjah.

Performed 2,299 Transactions

2,299 real estate transactions were recorded in the past month according to data provided by the Sharjah Real Estate Registration Department. These deals included 677 sales for a total of Dh608 millions. Which made up 29.4% of all executed transactions, and 299 mortgage transactions. That made up 13.1% of all transactions. The remaining 57.5% of total transactions were other unrelated transactions.

Real Estate Sales in 90 Different Areas of Sharjah

The information provided indicates that sales were dispersed among 90 locations in various Emirate of Sharjah towns and regions. 3.9 million square feet worth of residential, business, industrial, and agrarian holdings were among the properties that were transferred.

Among them were 297 sales of tower units, which made up the largest percentage of all deals (43.9%). 198 land purchases, or 29.2% of the total, came next, and then 182 deals encompassing developed land. Which made up 26.9% of the total.

Commercial Muwaileh: Highest In Trades

Muwaileh Commercial reportedly completed 172 sales transactions. Keeping its position on the list of Sharjah’s “most traded regions.” In the meantime, 78 transactions were registered in the Al Khan neighborhood. Followed by 41 in the Al Rigayba neighborhood, 38 in Um Fanain, and 78 in the Al Khan region.

Muwaileh Commercial also had the highest monetary trading value in Sharjah City, with a total trading value of Dh164.9 million. This was followed by deals worth a combined Dh76.7 million in the Um Fanain area and a total of Dh52.3 million in Al Nahda. Al Rifaah reported a total of Dh52 million at the end.

Seven Sales Transactions

Seven sales transactions totaled in the central region. With the majority of them occur in the commercial sectors of Al Madam, Al Faw Agricultural, Suhaila 3, and Al Madam Industrial. Al Madam Commercial had the greatest trading value of Dh3 million. Followed by the Al Belaida region with a total of Dh2.7 million, and the Refada area with real estate sales worth Dh2.5 million. These areas are the top in terms of monetary value. Deals in agriculture at Al Faw totaled Dh1.6 million.

Al Zubara and Al Haray industrial zones, Al Baradi 2, and Al Mudeife ranked first in terms of the volume of sales transactions in the city of Khorfakkan, with 10 trades. Al Mudeife was one of the regions with the largest value of real estate transactions. Along with sales totaling Dh1.8 million.

Al Zubara Industrial Area came in second with a value of Dh899000. Followed by Al Loleya with a value of Dh1.5 million, Al Baradi 2 with a value of Dh1.2 million, and Al Zubara Area.

12 sales transactions were registered in the city of Kalba’s commercial districts of Soor Kalba, Industrial Kalba, and Al Saaf. The greatest trading value was recorded in the Al Baraha neighborhood at Dh3.5 million. Followed by Hay Al Kala at Dh3.2 million. Al Ghail area came in third with a recorded trading value of Dh1.8 million. Followed by the Industrial area with a value of Dh2.9 million.

Join The Discussion

Compare listings