Sharjah real estate transactions reach Dhs3.1 billion

The Real Estate Transactions and Mortgages Movement report issued by the Sharjah Real Estate Registration Department revealed a trading volume of Dhs3.1 billion with 4,458 real estate transactions in February 2024 across various regions and cities. “Return on investment” attracts investors

These impressive results indicate that the real estate sector in Sharjah continues to significantly grow and prosper. While the development projects in the emirate have been attracting a wide number of local, Arab, and international funds and investments, which resulted in high returns for investors.

Moreover, the continued support from Sharjah’s Government for this sector have made a huge positive impact. Starting from the series of incentives, the different facilities to investors, entrepreneurs, and real estate developers.

The total number of transactions carried out during February had reached 4,458 transactions. The sales transactions reached 1,048 representing 23.5% of the total number of transactions. Mortgage transactions were 355 representing 8% of the total with a total value of Dhs 581.4 million. The remaining transactions amounted to 3,055, which represented 68.5% of the total number of transactions.

The sales transactions took place in 101 areas distributed across various cities and regions of Sharjah with a total area of 8.7 million square feet. These properties included residential, commercial, industrial, and agricultural lands. As for the type of traded real estate, 413 lands were traded, 328 units in towers, and 307 of built-in land transactions.

“Muwailih Commercial” area continues to lead the list of areas with the highest number of sales transactions in Sharjah, recording 213 transactions, followed by “Rawdat Al-Qart” with 138, then “Al-Mazairah” and “Al-Khan” areas with 77 transactions each.

In terms of trading volume, “Muwailih Commercial” area also topped the list, with a trading volume of Dhs 382 million, followed by “Um Fanain” with Dhs 109.5 million, “Al-Khan” area with Dhs 84.2 million, and “Al-Sajaa Industrial” area with Dhs 83.3 million.

In the Central Region, the transactions were mostly concentrated in “Al-Madina Al-Qasimia”, with 8 transactions, while the highest area in terms of trading volume was “Blida” which recorded Dhs 13.4 million.

As for the city of Khor Fakkan, “Al-Bardi 4” area topped the list with 11 transactions, which also ranked the highest numbers in terms of trading volume in the city, reaching Dhs 6.9 million.

Finally, and in the city of Kalba, “Sur Kalba Commercial” area was the highest, with 4 transactions, while the “Al-Saaf 7” area was the highest area with a trading volume of Dhs 1.5 million.

Alef Group, a prominent company in Sharjah specializing in real estate and retail, has unveiled Alef Apex, its Broker Rewards and Recognition Program. The announcement was made during an event for brokers and real estate agents.

Alef Group has introduced Alef Apex as part of its commitment to the growth of Sharjah’s real estate market and in alignment with its objective to innovate the local real estate scene. The company values its real estate professionals and staff, and through Alef Apex, aims to support the achievement of its goals and objectives.

The company expresses its intention to maintain its role as a key developer in Sharjah, focusing on the well-being and development of the emirate’s residents and striving for continued excellence.

The Alef Apex program is designed to enhance engagement and cooperation with brokers and real estate agents in the UAE. It aims to acknowledge exceptional contributions in the real estate sector, aligning with Alef Group’s broader goals for 2024.

Starting from March 1st, the Alef Apex program will offer recognition and rewards to brokers demonstrating outstanding performance. In collaboration with Alef Group, real estate agents will have the chance to advance through three levels - Apex 3, Apex 2, and Apex 1, based on their individual achievements.

Meanwhile, the Alef Group, founded by the late visionary Sheikh Khalid Bin Sultan Al Qasimi in 2013, stands today as a testament to his pioneering spirit in the realm of lifestyle experience provision. Operating from its central hub in Sharjah, UAE, this privately-owned entity has carved a niche for itself as a trailblazer in the creation of premier lifestyle communities, destinations, and experiences. The group’s strategy hinges on insightful investment choices and the cultivation of strategic joint ventures, paving the way for innovation and excellence in the sector.

With a commanding presence reflected in a robust Dhs 10 billion asset base and extensive land bank, Alef Group’s premium developments are at the forefront, driving progress in both business and leisure initiatives. These developments are complemented by the group’s dedication to building high caliber residential communities that set industry benchmarks.