861.6 million dirhams real estate trading in “middle and eastern” during the first quarter of 2025

Sharjah on May 1 / WAM / The volume of real estate trading in the central and eastern regions of the Emirate of Sharjah during the first quarter of this year recorded 861.6 million dirhams, achieving remarkable growth of 159.2% compared to the same period last year.

The report of the real estate actions movement issued today by the Real Estate Registration Department in Sharjah revealed that 6,493 real estate transactions in the branches of the department, while the total area circulated in sales transactions reached 11.3 million square feet during the same period, a growth rate of 11.9% compared to the previous year.

Omar Al -Mansouri, Director of Branches Department at the Real Estate Registration Department in the Emirate of Sharjah, said that the real estate sector in the central and eastern regions of the Emirate of Sharjah is witnessing remarkable growth and accelerated prosperity in recent years, due to several strategic factors put in place by the Sharjah government within its comprehensive development vision and advanced infrastructure projects and modernization of road networks, along with the expansion of government and digital services in attracting Investors and enhance the confidence of customers in these promising areas.

He pointed out that the facilities provided to investors, including legislative and regulatory incentives, and the provision of an attractive and safe business environment played a major role in stimulating the demand for real estate ownership, whether for housing or for investment. Important centers.

Al -Mansouri expected the continuation of the pace of real estate growth in these two regions, supported by ambitious development plans that are in line with the vision of Sharjah, which aims to enhance the balance between economic, social and environmental development and open new horizons for diverse and sustainable real estate investment, indicating that the real estate registration department continues to support this trend by providing flexible and smart services that facilitate procedures and speeds up real estate transactions For investors, developers and citizens alike.

He pointed out that the volume of trading in the four branches constituted 6.6% of the total trading volume in the emirate during the first quarter of this year, where the total cash trading volume in the central region reached 621.4 million dirhams, or 4.7%, while 178.8 million dirhams in Khorfakkan, at 1.4% and 57.7 million dirhams in the city of Kalba, by 0.4% and 3.7 million dirhams in Dibba Al -Hosn by 0.1% of a total The total trading volume of branches.

Al -Mansouri pointed out that the number of sales transactions in the central region during the first quarter of this year reached 207 transactions that took place in 25 different regions, with a total value of 184.2 million dirhams, and the “Industrial 1” area of ​​the Qasimiya suburb, on the largest part of it, acquired 59 transactions by 28.5% of the total sales transactions followed by the “Blida” area with 41 transactions and then the “Industrial 2” area in the suburb of Al -Qasimia with 26 transactions.

The number of transactions in the city of Khorfakkan reached 57 transactions in 16 regions in the city, with a value of 60.7 million dirhams, and 9 transactions were completed in the “Al -Harai Trading District” area by 15.8% of the total sales transactions in the city, followed by the “Al -Harai Industrial District” and “Shuqair neighborhood” with 7 transactions each.

The number of transactions in the city of Kalba reached 41 transactions that took place in 14 regions, with a total value of 24.9 million dirhams and 12 transactions, including in the “Al -Tarif 5” area, with 29.3% of the total sales transactions in the city, followed by the “Industrial Kalba” and “Sur Kalba” commercial regions with 5 transactions each.

The sales transactions in Dibba Al -Hosn were distributed in 3 regions through 3 transactions worth 2 million dirhams.

The value of real estate mortgages in the central and eastern regions amounted to 84.8 million dirhams through 118 transactions during the first quarter of 2025, distributed to 47 mortgage transactions in the city of Kalba, 40 mortgage transactions in the central region, 28 transactions in the city of Khor Fakkan and 3 mortgage transactions in the city of Dibba Al -Hosn.

As for the transactions of selling initial contracts in the central and eastern regions, they numbered 355 contracts, at a value of 504.3 million dirhams, 312 contracts were in the central region branch and 43 contracts in the city of Khorfakkan.

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