Al Majaz 3 records Sharjah’s top real estate deal at Dhs115 million

by Staff Reporter
Sharjah Real Estate

A property in Al Majaz 3 recorded the highest-value real estate transaction in Sharjah during April 2025, with a deal worth Dhs115 million, according to the Sharjah Real Estate Registration Department.

Sharjah real estate market

The emirate’s real estate sector completed 7,206 transactions last month, with a total trading value of Dhs4 billion.

The traded area across sales transactions reached around 10.3 million square feet, showing continued market growth and investor interest across various property types.

Sales were registered in 117 locations throughout Sharjah, covering residential, commercial, industrial, and agricultural land. Built-in land in Al Majaz 3 also saw the highest mortgage deal, valued at Dhs130 million.

Most active areas

Al-Metraq recorded the highest number of sales transactions at 365, followed by Muwailih Commercial (156), Tilal (152), and Al-Khan (64).

In terms of transaction value, Muwailih Commercial led with Dhs348.4 million, followed by Tilal (Dhs310.6 million), Al Sajaa Industrial (Dhs168.4 million), and Al Majaz 3 (Dhs136 million).

Outside Sharjah city, the Central Region saw 66 sales transactions, mostly in Industrial Area 3, which also had the highest regional trading value at Dhs16.8 million.

Khor Fakkan reported 24 sales, with four each in Al-Harai Commercial, Hay Al-Bardi 2, and Hay Al-Luleya. Hay Al-Bardi 5 registered the highest trading value at Dhs4.2 million.

In Kalba, 11 transactions were recorded, led by Al-Tarif 5, which also saw the area’s top trading value of Dhs1.3 million.

Investor confidence rising

The department’s data showed that sales transactions made up 1,415 deals (19.6% of the total), while mortgage transactions accounted for 413 (5.7%) at a combined value of Dhs866.8 million. Ownership certificate transactions were the largest segment, with 3,453 transactions (48%).

Sharjah’s market continues to attract a broad mix of local and foreign investors, supported by government policies, urban expansion, and increasing population demand. This has led to a wider range of real estate offerings, aiming to meet diverse buyer needs.

tanvir@dubainewsweek.com

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