Economy Local October 31, 2024

Real Estate Transactions Surge in Sharjah

The real estate sector in Sharjah saw a remarkable 47% increase in trading volume during the first nine months of 2024 compared to the same period last year.


Real Estate Transactions Surge in Sharjah

During the first nine months of this year in the emirate of Sharjah, a significant increase in the volume of real estate transactions has been observed. Compared to the same period of 2023, this growth amounted to 47 percent.

According to experts, such dynamics can be explained by a number of factors, including active investments in the construction of new properties and an increased interest in real estate from both local and foreign investors.

"The real estate market in Sharjah remains one of the most dynamic in the region, which is confirmed by sustainable growth in the volume of transactions. Increased investments and construction of new projects contribute to attracting new players to the market and create a favorable investment environment," noted a representative of the local real estate agency.

At the same time, specialists do not exclude that this trend will continue in the future, especially considering the constant demand for real estate in this region, favorable for investment economic conditions, and support from property owners.