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Sharjah property transactions rise above Dh13 billion in Q1 2025; Emiratis continue to lead
Sharjah property transactions rise above Dh13 billion in Q1 2025; Emiratis continue to lead

Khaleej Times

time23-04-2025

  • 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.

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