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Gulf Today
23-04-2025
- Business
- Gulf Today
Sharjah property sector zooms as realty deals reach Dhs13.2b
Staff Reporter, Gulf Today The real estate trading value in the emirate of Sharjah has reached Dhs13.2 billion during the first quarter of 2025, with a growth rate of 31.9% compared to the same period in 2024, as it amounted to approximately Dhs10 billion. The number of transactions executed by the department reached 24,597, with a growth rate of 4.8% compared to the same period last year, which recorded 23,478 transactions. This strong growth in real estate performance reflects the growing confidence in Sharjah's investment environment, as it combines economic stability with investor-friendly legislation. Moreover, the diversity of investing nationalities confirms the attractiveness of the emirate's real estate sector, both in terms of the variety of available opportunities and the advanced infrastructure that meets the aspirations of local and international investors. Abdulaziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department, stated: 'The qualitative leaps witnessed by Sharjah's real estate are a fundamental pillar in the comprehensive and balanced economic growth process, which Sharjah is steadily leading, thanks to the wise directives of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the diligent follow-up of Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of the Executive Council, which have placed Sharjah on the regional and international real estate investment map.' Al-Shamsi added: 'The Emirate of Sharjah continues to consolidate its position as a thriving economic centre, through a diversified economy and a stimulating investment climate, along with a strong legislative structure that guarantees the protection of rights and enhances investor confidence. He also pointed out that 'the distinguished performance of the emirate's real estate clearly reflects the competitiveness and attractiveness of the real estate market. Recent statistics have demonstrated this sector's ability to attract a wide range of investors and developers, enhancing opportunities for ownership, housing, and investment.' 8,123 The total number of sales transactions by areas in Sharjah has reached 8,123, a growth rate of 32.2% compared to the same period last year, which totaled 6,146. These sales transactions amounted to Dhs 10.7 billion, and were distributed across 169 areas, covering 46 million square feet. As for the areas with the highest number of transactions, 'Muwailih Commercial' area ranked the highest with 1,787 transactions worth Dhs1.9 billion, followed by 'Al-Belaida' area with 902 transactions amounting to Dhs 851 million, and then 'Al-Khan' area with 536 transactions worth Dhs 665 million. Residential Transactions Lead In terms of property classification of sales transactions, residential properties accounted for the largest proportion, with 2,894 transactions, which represented 78.9% of the total number of transactions, followed by industrial properties with 477 transactions that represented 13%, then commercial properties with 259 transactions which represented 7.1%, and agricultural properties with 39 transactions, representing 1% of the total number of transactions. As for the real estate mortgage transactions, it reached 1,417 with a value of Dhs 2.4 billion, and were carried out by 21 financing institutions. The areas with the highest number of mortgage transactions were, first, 'Um Fanain' area with 113 mortgage transactions worth Dhs 170.6 million, followed by 'Muwailih Commercial' area with 66 transactions amounting to Dhs 246.5 million, 'Al-Hamriyah (West)' area with 65 transactions worth Dhs 158.6 million, and 'Al-Sajaa Industrial' area with 60 transactions amounting to Dhs 148.2 billion. In regards to real estate projects, four new projects were registered in Sharjah, which are all residential complexes in the following areas: 'Muwailih Commercial', 'Al-Tay', and 'Al-Tay West'. 97 nationalities invested in the emirate of Sharjah Investors from 97 different nationalities invested in the emirate of Sharjah during the first quarter of 2025, UAE nationals' investments accounted for approximately Dhs 5.2 billion, representing 39.8% of the total investment value. While Gulf nationals, excluding Emiratis, invested Dhs 509.8 million, which represented 3.9%, while Arab nationals' investments increased to Dhs 3 billion, that is 22.3% of the total investment value. Similarly, citizens of other countries' investments recorded a high rate, reaching approximately Dhs 4.5 billion, which represented 34% of the total investment value. 3,725 investors from other nationalities, a growth of 25.3% In same context, Sharjah witnessed a significant increase in the number of investors from other nationalities, which reached 3,725 investors, and with a growth rate of 25.3% compared to the same period last year. This reflects the growing demand for investment and ownership in the emirate. Moreover, the number of properties traded by investors of other nationalities reached 3,951, with a growth rate of 25.2%. This high demand from investors is due to several factors, most notably the robust infrastructure, the diversity and availability of the real estate, and the executive council resolution about real estate ownership by non-UAE and GCC nationals to own in Sharjah.
Khaleej Times
23-04-2025
- Business
- Khaleej Times
Sharjah property transactions rise above Dh13 billion in Q1 2025; Emiratis continue to lead
Sharjah recorded 24,597 real estate transactions in the first quarter of 2025 compared to 23,478 in the same period last year, a growth of 4.8 per cent. The total value of real estate transactions in the emirate jumped 31.9 per cent to Dh13.2 billion during January-March 2025 as against Dh10 billion in the same period of 2024. Sharjah has seen a big increase in investment in the property market after the government allowed all foreign nationals to own property in the emirate. 'The qualitative leaps witnessed by Sharjah's real estate are a fundamental pillar in the comprehensive and balanced economic growth process, which Sharjah is steadily leading,' said Abdulaziz Ahmed Al-Shamsi, director-general of the Sharjah Real Estate Registration Department. 'Sharjah continues to consolidate its position as a thriving economic centre, through a diversified economy and a stimulating investment climate, along with a strong legislative structure that guarantees the protection of rights and enhances investor confidence,' said Al-Shamsi. He pointed out that "the distinguished performance of the emirate's real estate reflects the competitiveness and attractiveness of the real estate market. Recent statistics have demonstrated this sector's ability to attract a wide range of investors and developers, enhancing opportunities for ownership, housing, and investment." Top nationalities Data showed that investors from 97 different nationalities invested in the emirate's property market during the first quarter of 2025, with UAE nationals continuing to lead with Dh5.2 billion investment, representing 39.8 per cent of the total investment value. Gulf nationals, excluding Emiratis, invested Dh509.8 million, which represented 3.9 per cent, while Arab nationals' investments increased to Dh3 billion, which is 22.3 per cent of the total investment value. Similarly, investments of UAE citizens reached Dh4.5 billion, which represented 34 per cent of the total investment value. A total of 3,725 investors from other nationalities invested in the first quarter, a growth of 25.3 per cent. Moreover, the number of properties traded by investors of other nationalities reached 3,951, a growth rate of 25.2 per cent.
Arabian Business
23-04-2025
- Business
- Arabian Business
Sharjah real estate transactions hit $3.6bn in Q1; top neighbourhoods and investor nationalities revealed
Sharjah real estate transaction value hit AED13.2bn ($3.6bn) during the first quarter of 2025, marking a 31.9 per cent increase compared to AED10bn ($2.72bn) during the same period in 2024. The number of executed transactions rose by 4.8 per cent to 24,597, up from 23,478. The growth reflects increasing investor confidence in Sharjah's stable and investor-friendly environment, supported by advanced infrastructure and a diverse range of investment opportunities. Sharjah real estate thriving in 2025 Abdulaziz Ahmed Al-Shamsi, Director-General of the Sharjah Real Estate Registration Department, said: 'The qualitative leaps witnessed by Sharjah's real estate are a fundamental pillar in the comprehensive and balanced economic growth process, which Sharjah is steadily leading, thanks to the wise directives of Sheikh Dr. Sultan bin Muhammad Al-Qasimi, Supreme Council Member and Ruler of Sharjah, and the diligent follow-up of Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of the Executive Council, which have placed Sharjah on the regional and international real estate investment map.' He added that the emirate continues to strengthen its role as a regional economic hub through a diversified economy and robust legislative framework that safeguards rights and boosts investor confidence. A total of 8,123 sales transactions were recorded during the quarter, a 32.2 per cent increase from 6,146 in Q1 2024. The transactions were spread across 169 areas, covering 46 million sq f and amounting to AED10.7bn ($2.9bn). The highest number of sales was recorded in Muwailih Commercial with 1,787 transactions worth AED1.9bn ($517m), followed by Al-Belaida (902 transactions, AED851m/$232m), and Al-Khan (536 transactions, AED665m/$181m). Residential properties dominated the sales segment, accounting for 78.9 per cent of transactions (2,894 deals). Industrial properties followed with 477 transactions (13 per cent), commercial properties with 259 (7.1 per cent), and agricultural properties with 39 (1 per cent). The department recorded 1,417 mortgage transactions worth AED2.4bn ($653m), executed through 21 financial institutions. The highest number was in Um Fanain (113 mortgages, AED170.6m/$46m), followed by Muwailih Commercial (66 mortgages, AED246.5m/$67m), Al-Hamriyah West (65 mortgages, AED158.6m/$43m), and Al-Sajaa Industrial (60 mortgages, AED148.2m/$40m). Four new residential projects were registered in Muwailih Commercial, Al-Tay, and Al-Tay West. Investors from 97 nationalities participated in Sharjah's real estate market during Q1 2025. Emiratis led with AED5.2bn ($1.4bn), which represented 39.8 per cent of total investments. GCC nationals invested AED509.8m ($139m/3.9 per cent), while Arab nationals invested AED3bn ($817m/22.3 per cent). Foreign investors contributed AED4.5bn ($1.2bn/34 per cent). The number of foreign investors rose 25.3 per cent year-on-year to 3,725, with 3,951 properties traded by non-UAE nationals, up 25.2 per cent. The growth is attributed to legislative reforms allowing foreign ownership in designated areas of Sharjah. Emirati investors topped the list with 7,198 properties, followed by Indian (796), Syrian (502), Egyptian (391), Iraqi (318), and Jordanian (303) investors.
Sharjah 24
23-04-2025
- Business
- Sharjah 24
Real estate trading value increases by 31.9% during Q1 2025
This strong growth in real estate performance reflects the growing confidence in Sharjah's investment environment, as it combines economic stability with investor-friendly legislation. Moreover, the diversity of investing nationalities confirms the attractiveness of the Emirate's real estate sector, both in terms of the variety of available opportunities and the advanced infrastructure that meets the aspirations of local and international investors. Sharjah's Global Real Estate Position His Excellency Abdulaziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department, stated: "The qualitative leaps witnessed by Sharjah's real estate are a fundamental pillar in the comprehensive and balanced economic growth process, which Sharjah is steadily leading, thanks to the wise directives of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the diligent follow-up of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of the Executive Council, which have placed Sharjah on the regional and international real estate investment map." Al-Shamsi added: "The Emirate of Sharjah continues to consolidate its position as a thriving economic center, through a diversified economy and a stimulating investment climate, along with a strong legislative structure that guarantees the protection of rights and enhances investor confidence His Excellency also pointed out that "the distinguished performance of the Emirate's real estate clearly reflects the competitiveness and attractiveness of the real estate market. Recent statistics have demonstrated this sector's ability to attract a wide range of investors and developers, enhancing opportunities for ownership, housing, and investment." 8,123 Sales Transactions worth AED 10.7 Billion The total number of sales transactions by areas in Sharjah has reached 8,123, a growth rate of 32.2% compared to the same period last year, which totaled 6,146. These sales transactions amounted to AED 10.7 billion, and were distributed across 169 areas, covering 46 million square feet. As for the areas with the highest number of transactions, 'Muwailih Commercial' area ranked the highest with 1,787 transactions worth AED 1.9 billion, followed by 'Al-Belaida' area with 902 transactions amounting to AED 851 million, and then 'Al-Khan' area with 536 transactions worth AED 665 million. Residential Transactions Lead In terms of property classification of sales transactions, residential properties accounted for the largest proportion, with 2,894 transactions, which represented 78.9% of the total number of transactions, followed by industrial properties with 477 transactions that represented 13%, then commercial properties with 259 transactions which represented 7.1%, and agricultural properties with 39 transactions, representing 1% of the total number of transactions. 1,417 Mortgage Transactions worth AED 2.4 Billion As for the real estate mortgage transactions, it reached 1,417 with a value of AED 2.4 billion, and were carried out by 21 financing institutions. The areas with the highest number of mortgage transactions were, first, 'Um Fanain' area with 113 mortgage transactions worth AED 170.6 million, followed by 'Muwailih Commercial' area with 66 transactions amounting to AED 246.5 million, 'Al-Hamriyah (West)' area with 65 transactions worth AED 158.6 million, and 'Al-Sajaa Industrial' area with 60 transactions amounting to AED 148.2 billion. 4 New Real Estate Projects In regards to real estate projects, four new projects were registered in Sharjah, which are all residential complexes in the following areas: 'Muwailih Commercial', 'Al-Tay', and 'Al-Tay West'. 97 nationalities invested in the Emirate of Sharjah Investors from 97 different nationalities invested in the Emirate of Sharjah during the first quarter of 2025, UAE nationals' investments accounted for approximately AED 5.2 billion, representing 39.8% of the total investment value. While Gulf nationals, excluding Emiratis, invested AED 509.8 million, which represented 3.9%, while Arab nationals' investments increased to AED 3 billion, that is 22.3% of the total investment value. Similarly, citizens of other countries' investments recorded a high rate, reaching approximately AED 4.5 billion, which represented 34% of the total investment value 3,725 investors from other nationalities, a growth of 25.3% In same context, Sharjah witnessed a significant increase in the number of investors from other nationalities, which reached 3,725 investors, and with a growth rate of 25.3% compared to the same period last year. This reflects the growing demand for investment and ownership in the Emirate. Moreover, the number of properties traded by investors of other nationalities reached 3,951, with a growth rate of 25.2%. This high demand from investors is due to several factors, most notably the robust infrastructure, the diversity and availability of the real estate, and the executive council resolution about real estate ownership by non-UAE and GCC nationals to own in Sharjah. Emiratis ranked the highest In terms of the number of properties traded, Emirati investors ranked the highest with 7,198 properties, followed by Indian investors with 796, Syrian investors with 502, Egyptian investors with 391, Iraqi investors with 318, and Jordanian investors with 303 properties.
Zawya
23-04-2025
- Business
- Zawya
Sharjah records $3.59bln in real estate transactions in Q1 2025, up 31.9%
The value of real estate transactions in the Emirate of Sharjah reached AED13.2 billion during the first quarter of 2025, marking a 31.9 percent increase compared to AED10 billion during the same period in 2024. The number of executed transactions rose by 4.8 percent to 24,597, up from 23,478. The growth reflects increasing investor confidence in Sharjah's stable and investor-friendly environment, supported by advanced infrastructure and a diverse range of investment opportunities. Abdulaziz Ahmed Al-Shamsi, Director-General of the Sharjah Real Estate Registration Department, stated: 'The qualitative leaps witnessed by Sharjah's real estate are a fundamental pillar in the comprehensive and balanced economic growth process, which Sharjah is steadily leading, thanks to the wise directives of His Highness Sheikh Dr. Sultan bin Muhammad Al-Qasimi, Supreme Council Member and Ruler of Sharjah, and the diligent follow-up of H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of the Executive Council, which have placed Sharjah on the regional and international real estate investment map.' He added that the emirate continues to strengthen its role as a regional economic hub through a diversified economy and robust legislative framework that safeguards rights and boosts investor confidence. A total of 8,123 sales transactions were recorded during the quarter, a 32.2 percent increase from 6,146 in Q1 2024. The transactions were spread across 169 areas, covering 46 million square feet and amounting to AED10.7 billion. The highest number of sales was recorded in Muwailih Commercial with 1,787 transactions worth AED1.9 billion, followed by Al-Belaida (902 transactions, AED851 million), and Al-Khan (536 transactions, AED665 million). Residential properties dominated the sales segment, accounting for 78.9 percent of transactions (2,894 deals). Industrial properties followed with 477 transactions (13 percent), commercial properties with 259 (7.1 percent), and agricultural properties with 39 (1 percent). The department recorded 1,417 mortgage transactions worth AED2.4 billion, executed through 21 financial institutions. The highest number was in Um Fanain (113 mortgages, AED170.6 million), followed by Muwailih Commercial (66 mortgages, AED246.5 million), Al-Hamriyah West (65 mortgages, AED158.6 million), and Al-Sajaa Industrial (60 mortgages, AED148.2 million). Four new residential projects were registered in Muwailih Commercial, Al-Tay, and Al-Tay West. Investors from 97 nationalities participated in Sharjah's real estate market during Q1 2025. Emiratis led with AED5.2 billion (39.8 percent of total investments). GCC nationals invested AED509.8 million (3.9 percent), while Arab nationals invested AED3 billion (22.3 percent). Foreign investors contributed AED4.5 billion (34 percent). The number of foreign investors rose 25.3 percent year-on-year to 3,725, with 3,951 properties traded by non-UAE nationals, up 25.2 percent. The growth is attributed to legislative reforms allowing foreign ownership in designated areas of Sharjah. Emirati investors topped the list with 7,198 properties, followed by Indian (796), Syrian (502), Egyptian (391), Iraqi (318), and Jordanian (303) investors.
