Sharjah real estate transactions reach $517.2mln in July 2023

Sharjah real estate transactions reach $517.2mln in July 2023

Sharjah has recorded real estate transactions worth AED1.9 billion in July 2023, according to the monthly report issued by Sharjah Real Estate Registration Department.

The department executed a total of 2,783 transactions of which 684 were sales transactions across 96 areas, distributed over the various regions of the emirate, and with more than 6 million square feet of traded area.

Important tributary of economy

Such growth and development in the real estate market in Sharjah throughout the years, are due to the strategy of the Sharjah government to diversify sources of income, making it an important tributary of the economy in the emirate.

In addition, it is expected that the real estate market in Sharjah will witness further growth during the coming months, thanks to the many investment opportunities offered by the emirate, especially with the introduction of more new projects that are planned and implemented in accordance with the highest international standards.

The Department's statistics showed that the total number of transactions executed in July reached 2,783, as the number of sales transactions were 684, or 24.6 percent of the total number of transactions.

Moreover, the number of mortgage transactions were 447, constituting 16.1 percent of the total number of transactions with a value of