Sharjah Real Estate Booms in 2024, Transactions Surge 48% to AED 40 Billion

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Sharjah Real Estate Booms in 2024, Transactions Surge 48% to AED 40 Billion

Sharjah Real Estate Experiences Exceptional Growth in 2024

Sharjah's real estate sector witnessed remarkable growth in 2024, achieving a transaction volume of AED 40 billion, a significant 48% increase compared to 2023. This marks the highest trading volume for Sharjah's real estate since 2008, reflecting the growing interest from investors of various nationalities.

Supportive Environment: The sector benefits from the emirate's attractive investment environment and stable economic climate, fostered by the continuous support of His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the follow-up of Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Chairman of Sharjah's Executive Council.

The increasing transactions reflect investor confidence in Sharjah's real estate market and their desire to own and invest in the emirate. This confidence is evident in the rising demand for all types of transactions, including title deeds, sales, and sorting real estate project units.

Sharjah's population growth and urban expansion have led to an increased demand for real estate, coinciding with significant investments in infrastructure projects, further enhancing the attractiveness of Sharjah's real estate for both housing and investment purposes.

The number of investing nationalities has grown to 120 in 2024, compared to 103 in 2023, reflecting the rising global interest in Sharjah's real estate market.

The decision to allow non-citizens and Gulf nationals to own real estate in Sharjah has further boosted investment and ownership in the emirate.

Emirati citizens: AED 19.2 billion (48%)

AED 2.3 billion (5.7%)

AED 7 billion (17.5%)

AED 11.5 billion (28.8%)

Emirati investors: 30,638 properties

2,698 properties

1,761 properties

1,012 properties

957 properties

865 properties

Value: AED 10 billion

2,558

32

Muwailih Commercial, Umm Fanain, Tilal, Al-Khan

Value: AED 1 billion

652

Muwailih Commercial, Umm Fanain, Al-Khan

Value: AED 12 billion

10,084

Muwailih Commercial, Al-Qasimia City, Tilal

New projects registered: 14 (residential, commercial, industrial)

20,197

25 (including 8 approved in 2024)

The positive trends in Sharjah's real estate sector are expected to continue in 2025, driven by the supportive environment, investor confidence, and the growing number of investment projects. The emirate's commitment to providing a stable and attractive investment environment will further solidify its position as a leading real estate destination in the region.