STOCK Dibba Al Hisn , Sharjah
Dibba Al Hisn Image Credit: Supplied

The Sharjah Real Estate Registration Department has issued a report highlighting the real estate performance in Sharjah’s regions and cities. The cash trading volume, a crucial indicator of economic activity, surged to an impressive Dh332.4 million through the department’s four branches in Al-Dhaid, Khor Fakkan, Dibba Al-Hisn, and Kalba. Furthermore, the total number of transactions in these branches reached 6,732, covering a vast area of 10.1 million square feet during the first quarter of 2024.

The total number of transactions in these branches has reached 6,732, with a total area of 10.1 million square feet.

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Omar Al-Mansouri, Director of Branches Department at Sharjah Real Estate Registration Department, said, “Over the past years, the real estate sector in the Central and Eastern regions has witnessed a continuous development which expanded the economic horizons and offered promising opportunities.”

Trading volume in the four branches has represented 3.3 per cent of the total trading volume of Sharjah’s real estate. The total cash trading volume in the Al-Dhaid reached Dh146.2 million, representing 1.5 per cent. While it reached Dh114.8 million in Khor Fakkan, at a rate of 1.1 per cent, and in Kalba, it reached Dh62 million, at 0.6 per cent. Dibba Al-Hisn recorded Dh9.3 million, which represented 0.1 per cent of the total trading volume of the branches.

The four branches carried out 143 mortgage transactions, with a total value of Dh130.3 million.