Sharjah's property market recorded AED 3.1 billion in real estate transactions across 7,119 deals in May, with total traded area in sales transactions reaching approximately 9.5 million square feet, according to the Sharjah Real Estate Registration Department.
Ownership certificate transactions led activity at 2,902 deals, representing 40.8% of the total, followed by ownership deed transactions at 2,776 deals. Mortgage transactions accounted for 718 deals valued at AED 934.7 million. Sales activity spanned 115 areas across residential, commercial, and industrial categories.
Sharjah City dominated with 1,315 sales transactions, led by Muwaileh Commercial with the highest trading value at AED 276.6 million. The single largest transaction was a land deal in Al Sajaa Industrial worth AED 92 million, while Al Mamzar recorded the top mortgage transaction at AED 80 million. The Central and Eastern regions contributed a combined 536 sales transactions.
Gulf Economist Staff Writer