Sharjah’s real estate market is booming, with the emirate achieving a staggering $1.06 billion (AED 3.9 billion) in total transaction value in July 2024. This surge is highlighted by the following impressive figures:
- 4,146 total transactions
- 1,460 sales transactions
- 13.8 million square feet traded in sales
- AED 1.4 billion in mortgage transactions
Key Drivers of Market Growth
While the summary provides limited specifics on the factors driving this boom, several key elements likely play a role:
- Economic Growth: Sharjah’s robust economic development likely boosts investor confidence.
- Infrastructure Improvements: Ongoing projects are enhancing property values and attracting buyers.
- Affordability: Compared to other emirates, Sharjah offers more affordable housing options, appealing to a wider range of buyers.
- Government Initiatives: Supportive policies and incentives are stimulating market activity.
Would you like to explore these factors in more detail, or dive into specific property types or price ranges within the Sharjah market?
I can also offer comparisons with previous months or years to provide a clearer view of the market’s growth trajectory.
Ref : Arabianbusiness
