Sharjah Real Estate Soars with 48% Growth, Transactions Hit $10.9 Billion
Sharjah’s real estate sector has grown remarkably. New figures show a 48% rise in transactions, reaching a record $10.9 billion in 2024. This surge underscores the emirate’s growing appeal as a prime destination for investors, residents, and businesses.
Record-Breaking Growth in Real Estate Transactions
According to data released by the Sharjah Real Estate Registration Department (SRERD), the emirate recorded a significant year-on-year increase in real estate transactions. Over 108,000 deals were finalized during the year, reflecting heightened investor confidence and a robust economic environment.
H.E. Abdul Aziz Ahmed Al Shamsi, Director General of SRERD, emphasized the importance of these figures in positioning Sharjah as a competitive real estate market.
Drivers of Growth: Policies, Infrastructure, and Affordable Living
Sharjah’s real estate boom can be attributed to several key drivers. First, the emirate’s government has implemented policies aimed at fostering growth and stability in the property market.
Second, ongoing infrastructure developments have made Sharjah an increasingly attractive place to live and work.
Third, Sharjah’s affordability remains a major draw.
Key Sectors and Notable Developments
The residential sector led the way in driving growth, with strong demand for apartments, villas, and townhouses. Commercial properties also experienced increased activity, reflecting Sharjah’s growing role as a hub for small and medium-sized enterprises (SMEs).
Key developments that boosted the sector include Aljada, a master-planned community by Arada. Another is Maryam Island, a luxury waterfront destination by Eagle Hills.
