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6.3 billion dirhams real estate transactions in Sharjah during the first quarter

Sharjah (Union) Real estate transactions in Sharjah during the first quarter of this year amounted to about 6.3 billion dirhams, according to statistics from the real estate registration department. Abdulaziz Ahmed Al Shamsi, Director General of Sharjah’s Property Registration Department, said: “The first three months of this year witnessed a remarkable growth in the performance of the real estate sector in the emirate in terms of monetary value, number of real estate agents. the various branches of the branch in the cities of the emirate. ” .

Results support the economy

He pointed out that these results are in line with the strategic vision of the Emirate of Sharjah in economic and social development, which improves financial sustainability and stimulates the overall economy, which translates the objectives of the general budget of the Emirate of Sharjah for the year 2022, which was approved by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, member of the Supreme Council and ruler of Sharjah. Expenditure amounts to about 34.4 billion dirhams, a budget based in its components on improving the capacity to meet various economic challenges and achieve the emirate’s competitive advantage, which serves the members of society, ensures stability and economic well-being and provides them with adequate housing opportunities by promoting investments in infrastructure services and facilities, which ranked first. The first among the general budget sectors, accounting for 44% of the total budget, confirming the location of the emirate’s infrastructure as the backbone of the development and sustainability process and attracting foreign and local investment in all vital sectors, as the emirate continues with to implement many vital projects and different capital. initiatives, including implemented new development, urban and service projects It was recently launched in the cities of Khörakkakkan, Kalba and other areas of Sharjah.

Important results
Al Shamsi explained in detail that the main property department of the city of Sharjah accounted for 97% of the total value of these trades to 6.1 billion dirhams, while the transactions in the Central Region department amounted to 69.7 million dirhams. , and as regards the city department of Khorakkan, it recorded transactions worth 57.5 million dirhams, in When the city department of Kalba experienced real estate transactions worth 54.9 million dirhams, while the city department Dibba Al-Hisn made trades to a value of 6.5 million dirhams.
He pointed out that the month of March was the highest in terms of value of trades, with a total of 2.7 billion dirhams, and recorded an increase in the value of trades by 32.3% compared to February, when the value of Trades amounted to approx. 1.9 billion dirhams.

Real estate sales rose 5.7 per cent.

The total real estate transactions carried out in the Emirate of Sharjah during the first quarter of this year amounted to 21,615 transactions and the real estate certificates led these transactions with a number of 12,707 transactions, followed by transactions of deeds with a total of 6,062 transactions, while three types of mortgage transactions came (mortgage, mortgage increase and redemption). ) with a total of 1641 mortgage transactions, and the total value of mortgages amounted to 3.3 billion dirhams, while the transactions of the original sales contracts amounted to 869 trades and the real estate appraisal transactions amounted to 336 trades.

sales transactions
Looking at the sales transactions within the deed transactions for the first quarter of 2022 compared to the same period last year, we note an increase of 21.9%, reaching 1697 transactions compared to 1392 transactions, a difference of 305 transactions, and these transactions were divided according to the branches of the branch into 1512 transactions in the main branch In the city of Sharjah, which represents 89% of the total transactions, while the rest of the transactions were distributed on the other branches, with 62 transactions in each of Kalba and Central Region branches, 52 transactions in the city of Khörakkan and 9 transactions in the city of Dibba Al-Hisn. These real estate transactions covered a total trading area of ​​15.8 million square feet.

88 sales areas in Sharjah city
The sales transactions in the city of Sharjah came in 88 regions with a total trade value exceeding 2 billion dirhams. Muwailih Commercial Area acquired the largest share in number and value with 301 sales transactions representing 19.9% ​​of total sales transactions in the city, with a total trading value of over 400 million dirhams. Al-Khan was followed by 247 sales transactions worth 230 million dirhams, while the rest of the transactions were mainly distributed in the areas of Hoshi, Al Majaz 3, Al Raqiba, Al Saja’a Industrial, Al Majaz 2, Al Nahda, Rawdat Al Qirt and Al Tai Gharb, followed by 78 other areas.

The good 2 and the salty

As regards the central region of the emirate, the total sales transactions exceeded the value of 46 million dirhams and the number of 62 transactions in 19 regions, where they were concentrated in the areas of Al Tayba 2 and Al Malha, and by 25 transactions, which amounts to 40, 3% of the sales transactions in the region, while the rest of the sales transactions were spread over 37 transactions in 17 other regions.

40.8 million dirhams, the value of transactions in Khörakkan
In the city of Khorakkakkan, which witnessed sales transactions in the first quarter of 2022 with a total of 40.8 million dirhams, Al Harai Industrial and Al Mudifi areas accounted for 38.5% of total trade through 20 transactions, while 12 other areas were witness to 32 real estate transactions.

Dibba Al-Hisn by

While sales transactions were in the city of Dibba Al-Hisn in four regions with a number of 9 transactions, and the highest turnover was in the Northern District with 4 transactions, which accounted for 44.4% of the number of transactions in the city, which witnessed transactions to worth 5.7 million dirhams.

33.3 million dirhams real estate transactions in Kalba
The industrial and commercial areas of Sur Kalba, Al Saf and Al Turaif led the areas of Kalba City in terms of the number of sales transactions, representing 56.5% of the total transactions in the city with 35 transactions. As for the rest of the sales transactions, they were divided into 12 regions with 27 transactions, noting that the total value of trade in the city amounted to 33.3 million dirhams.

80 Sale of benefits
The total number of interest rate transactions in the Emirate of Sharjah during the first quarter of this year reached 80 transactions, all of which came in the city of Sharjah in specific areas, namely Muwailih Commercial, Al Khan, Al Saja’a Industrial, Tilal, Al Nahda and Al Raqiba, with a total market value of 163.3 million dirhams. In terms of return-on-performance transactions, they were limited to Al Nahda and Muwailih commercial areas with 3 transactions in each area, with a total trade value of 8.1 million dirhams.

Classification of traded real estate
By sector, residential properties topped the list of properties sold in the Emirate of Sharjah in the first quarter of this year with 1,225 properties, representing 72.1% of total properties sold, and saw an increase of 17.3% compared to the number of homes. sold properties in the same period last year, which witnessed a number of 1044 transactions, and these residential properties were mainly distributed on vacant land and built-up land, in addition to residential areas under construction, apartments, studios and parking lots.
While commercial land included a total of 227 properties, or 13.4% of the total properties sold in the first quarter of 2022, and in return saw an increase of 45.5% compared to the same period last year, and was distributed to commercial land, built and under construction, shops, offices and stores.
While 183 vacant and built properties were traded in the industrial sector, representing 10.8% of the total property, which is an increase of 16.6% compared to the same period in 2021.
While the total sold agricultural properties accounted for 62 properties, and a total of 3.7% of the total properties traded, and also registered a marked increase from the first quarter last year by 77.1%.
In terms of area, agricultural land was traded with a total area of ​​5.3 million square meters, followed by industrial properties with a total of 5.1 million square meters, then residential properties with a total area of ​​4.3 million square meters. , while the total area of ​​commercial real estate traded was about 1 million square feet.

Classification of the list of investors
During the first quarter of 2022, real estate investors in the emirate were divided into 56 different nationalities, with investment for citizens of the UAE and Gulf Cooperation Council countries amounting to almost 5 billion dirhams, while investment for citizens from other countries amounted to 1, 3 billion dirhams.
The total number of real estate investors from the Arab Gulf states, including Emiratis, in the first quarter of 2022 in the Emirate of Sharjah amounted to 3,464 traders as they made trades on 5,968 properties. As for non-golf investors, they amounted to 735 investors and the number of properties they traded reached 790 properties.
In terms of the number of properties traded through the sale of the benefit, it reached 190 properties and 226 investors traded it.

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