Source: Graana.com
SHARJAH, United Arab Emirates — Sharjah’s real estate sector achieved a milestone in 2024, with transactions soaring to AED 40 billion (USD 10.8 billion), marking an impressive 48% increase compared to the previous year. The figures were announced by Abdulaziz Ahmed Al Shamsi, director-general of the Sharjah Real Estate Registration Department, as reported by the state news agency WAM.
This remarkable growth underscores the emirate’s thriving real estate market, driven by sustained investments and the public’s increasing interest in development projects. Investors from 120 nationalities participated in the real estate boom, reflecting the sector’s international appeal.
“The sharp increase in transactions highlights Sharjah’s appeal as a hub for lucrative real estate opportunities,” said Al Shamsi.
Local investors from the UAE dominated the market, followed by buyers from India, Syria, Iraq, Egypt, and Pakistan. The diverse pool of investors demonstrates Sharjah’s ability to attract global interest while maintaining a strong local investor base.
The surge in real estate transactions reflects Sharjah’s strategic focus on urban development and infrastructure projects. As the emirate continues to position itself as a leading real estate destination, experts predict further growth in the coming years.
Sharjah’s achievement is a testament to the emirate’s ability to adapt to changing economic landscapes while fostering an environment that attracts both local and international investors. The record-breaking numbers signal robust confidence in Sharjah’s real estate sector and its potential for sustainable growth.
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