The total value of real estate investments implemented in the first six months of 2016 amounted to AED12.1 billion, while the total number of real estate transactions carried out by the Department during the same period reached 25,474, Abdul Aziz Ahmed Al Shamsi, General Director of the Sharjah Real Estate Registration Department, has revealed. Al Shamsi indicated that May 2016 witnessed a record increase of 114 per cent in the total volume of real estates trading, which stood at AED3.4 billion, compared with AED1.6 billion in the same period of 2015.
As many as 25,474 real estate transactions were executed during the first half of 2016, compared with 25,850 transactions in the same period last year. These included 14,411 ownership certificates transactions, 8,165 title deed transactions, 1,943 mortgage transactions and 955 valuation transactions, which showed a remarkable increase of 35.8 per cent over the same period last year.
According to the first half data and statistics, a slight change took place in the number of transactions and trading volume, despite the continuing economic slowdown and political instability in the region in general, Al Shamsi said. This indicates that property prices have not changed substantially in comparison with the same period last year, creating a convenient atmosphere of confidence among investors and owners.
Total real estate transactions in first half of 2016
Transaction
Number
Percentage
Ownership Certificates
14,411
56.6
Title deeds
8,165
32
Mortgage
1,943
7.6
Valuation
955
3.8
Total
25,474
100
The title deed transactions conducted in the first half of 2016 were classified under 21 types of transactions, most notably sorting transactions at 1,783, sales transactions at 1,860 and initial sales contracts at 1,236, with the rest varying between charitable donation transactions, absolute, limited or mortgage-based ownership transactions, and waiver, bequeathing, modification, installation (changing land use) and initial sales contract attestation transactions, among others.
It is noted that the charitable donation granted from the government and limited restricted ownership transactions rose from 20 in the first half of 2015 to 198 in the first half of 2016, up by 890 per cent, and so did the installation changing land use transactions, which surged by 1200 per cent to 208 in comparison with 16 only in the first half of 2015. Other kinds of transactions witnessed slight ups and downs with minor changes.
While 1,137 mortgage transactions were conducted in the first half of this year, up by 42.5 per cent over the same period last year, redemption transactions rose to 306, up by 30.2 per cent, and mortgage-increase transactions fell by 57.5 per cent to 500, over the same period of 2015.
Meanwhile, a total of 1,860 sales transactions were conducted in the Emirate of Sharjah, including 1,665 transactions in Sharjah City, accounting for 89.5 per cent of the total transactions.
These sales transactions covered 102 areas in Sharjah City, with Al Khan maintaining its lead with 240 sales transactions, followed by Al Majaz 3 with 173 transactions, Sajaa Industrial Area with 159 transactions, Al Nahda with 111 transactions and Muwaileh Commercial District with 105 transactions. The remaining 877 transactions were carried out in other areas in the city.
In Khorfakkan and Dibba Al Hisn, some 95 sales transactions were conducted in 19 areas, led by Khorfakkan's Al Haray Commercial Area with 23 transactions, followed by Al Haray Industrial Area with 16 transactions, and Al Bardi 2 with 12 transactions.
As for Kalba, 100 sales transactions were accomplished, including 24 in Kalba Industrial Area and 19 in Sour Kalba Commercial Area. The remaining transactions were conducted in 20 other areas in the city.
Residential areas accounted for the majority of sales transactions implemented in the first half of 2016. As many as 1,048 transactions were conducted in the residential sector, accounting for 56.3 per cent, compared with 405 transactions in commercial areas, accounting for 21.7 per cent, 358 transactions in industrial areas, accounting for 19.2 per cent and 49 transactions in agricultural areas, accounting for 2.6 per cent.
Sharjah's sales transactions by type of area in first half of 2016
Type of Area
Number
Percentage
Residential sector
1,048
56.3
Commercial sector
405
21.8
Industrial sector
358
19.3
Agricultural sector
49
2.6
Total
1,860
100%
As far as the classification of traded land and property is concerned, a total area of approximately 39.2 million square feet was sold, including idle and built-up land plots. The idle industrial land that was sold spanned an area of 12.6 million square feet and comprised 262 real estates, while the built-up industrial land covered 2.3 million square feet, encompassing 96 real estates.
Some 278 real estates of idle commercial lands spanning a total area of 1.9 million square feet were sold, whereas the real estates of built-up commercial lands totalled 108 and covered an area of 643,000 square feet.
As many as 198 real estates of idle residential land plots, occupying an area of 9.2 million square feet, were sold, as compared with 281 real estates of built-up land plots with an area of 2.7 million square feet.
The total area of traded agricultural land was 9.1 million square feet and comprised 49 land plots.
As many as 405 apartments with a total area of 525,000 square feet were traded during the first half of 2016, and so were 175 residential parking lots covering an area of 24,000 square feet. The remaining 26 real estates, covering a total area of 14,000 square feet, varied between residential studios, shops, offices and warehouses.
Sharjah's sales transactions by type of property in first half of 2016
Type of property
Number of sold real es
Most recent headlines
06/10/2025
France T l visions, France's leading broadcaster, has received the 2025 EBU ...
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
30/08/2025
WASHINGTON The Federal Communications Commission has adopted its FY 2025 Regulatory Fees Order that establishes the regulatory fee rates for the broadcast stati...
29/08/2025
Australian Red Cross and SBS launch training to help workplaces in the fight aga...
29/08/2025
The National Film and Video Foundation (NFVF), an agency of the Department of Sp...
29/08/2025
L3Harris Technologies has concentrated decades of expertise across the entire enterprise to develop affordable and reliable best-of-breed solutions to rapidly c...
29/08/2025
BURBANK, Calif. The CW Network and the Pac-12 Conference have announced a new media rights deal that will extend their broadcast partnership beginning with the ...
29/08/2025
NEW YORK Gracenote has released a new analysis of its global video dataset showing that the number of FAST channels grew nearly 14% from Q1 2025 and 76% since 2...
29/08/2025
SAN JOSE, Calif. Harmonic has announced a series of improvements to its live sports streaming solution that the company said will improve fan engagement, protec...
29/08/2025
NEW YORK and LOS ANGELES Fox Corp. and YouTube TV last night announced a renewal of the full portfolio of Fox networks, including Fox News Channel, Fox Business...
29/08/2025
Budapest, Hungary, August 2025 - The integration of Microsoft Teams Rooms (MTR) with Lightware's Taurus universal matrix switchers delivers a new level of f...
29/08/2025
Frequency, the engine behind many of the world's best-known streaming television channels, today announced it will launch Studio Live, a next-generation uni...
29/08/2025
In an era when AI and cyber resilience are essential, Scality will mark the 10th anniversary of Scality Day on October 16, 2025 in Paris. This flagship global e...
29/08/2025
Disguise's In-House Creative and Technical Teams Pre-Visualised, Programmed and Delivered Content for the Experience, All Powered by EX 3+
Technology solu...
29/08/2025
Disguise will be demonstrating the latest workflows for TV, film and live events on a number of partner booths at the show
Disguise, the industry-leading tech...
29/08/2025
STOCKHOLM, Sweden Accedo will showcase Accedo Compose, its AI agent-powered modular orchestration layer that assists streaming providers in transitioning client...
29/08/2025
LOS ANGELES Cineverse has announced that it is working with Xperi to bring four of its streaming channels to automobiles for the first time as part of the DTS A...
29/08/2025
DALLAS & ATLANTA Gray Media has announced an agreement with the sports streaming service Victory+ to simulcast 17 Dallas Stars NHL games in 15 television market...
29/08/2025
NEW YORK AND CULVER CITY Comcast NBCUniversal and Amazon have announced new and extended distribution agreements that will expand the content available on their...
29/08/2025
FOOTHILL RANCH, Calif. RED Digital Cinema will feature its Cine-Broadcast Module supporting live broadcast workflows during IBC2025, Sept. 12-15, at the RAI Ams...
29/08/2025
29 Aug 2025
Kyivstar Rings Opening Bell at Nasdaq Marking Landmark Listing and ...
29/08/2025
More than half of all NFL games live on Sky for the first timeFriday 29 August 2025
Sky Sports has announced a new three-year deal with the NFL, extending its ...
29/08/2025
Back to All News
RIV4LRIES: The Trailer of the New Series With Samuele Carrino ...
29/08/2025
Get ready for an inspiring and emotional insight into the world of competitive Irish dancing with My Story: Tomi Champion of the World airing on RT 2 this monda...
29/08/2025
RT has today announced that David McCullagh is to be the new presenter of RT Radio 1's flagship Today programme, which airs every weekday at 10am, replaci...
28/08/2025
By Kristin Feeley, Director, Documentary Film & Artist Programs
If you want to tell untold stories, if you want to give voice to the voiceless, you've got ...
28/08/2025
Directed by Steven Bognar and Julia Reichert, Sundance Institute-supported Amer...
28/08/2025
Corridos have been a cornerstone of M sica Mexicana for generations, telling stories rooted in everyday life. Now, a new chapter is taking shape: motivational c...
28/08/2025
Los corridos han sido un pilar de la M sica Mexicana durante generaciones, contando historias enraizadas en la vida cotidiana. Ahora, un nuevo cap tulo est tom...
28/08/2025
Earlier this month, we promised our Verano Forever party would bring the heat, a...
28/08/2025
L3Harris will provide the Polish F-16V fleet with the Viper Shield electronic warfare system as part of an upgrade program....
28/08/2025
Bilbao, August 26, 2025 - AgileTV, an international television and video technol...
28/08/2025
Ken Wilkinson is an Emmy Awards nominated New York audio engineer who specialises in production sound mixing for film, commercial, episodic and documentary work...
28/08/2025
NEW YORK FuboTV today announced that it will launch Fubo Sports, a skinny bundle that focuses on sports with a subscription price of $56 monthly....
28/08/2025
NEVADA City, Calif. At IBC2025, Sept. 12-15 at the RAI Amsterdam, Telestream will debut its new Global Ingest strategy, introducing a next-generation ingest arc...
28/08/2025
Dr. Rhoda Bernard Releases Groundbreaking Debut Book on Accessible Arts Educatio...
28/08/2025
TAG Video Systems, the leader in software-based IP end-to-end workflow monitoring, deep probing, and real-time visualization, has named Oliver Gappa as Sales Di...
28/08/2025
AI-based voice enhancement will be among a series of innovations making their IBC 2025 debut on the DHD stand B46 in Hall 8 at the RAI Amsterdam Convention Cent...
28/08/2025
Telef nica Servicios Audiovisuales (TSA), the leading system integrator and service provider in the media sector in Spain, with the support of Appear, the globa...
28/08/2025
To fully immerse sailing fans in the world's biggest offshore yacht race, production company, Optical Media turned to LiveU's On-site Production solutio...
28/08/2025
Working with Calrec on its most recent overhaul, radio and television broadcaster, WNED has migrated to a fully IP infrastructure with multiple Type R consoles,...
28/08/2025
Cleeng, the Subscriber Retention Management (SRM ) inventor, has unveiled Cleeng Pro, the first-ever direct-to-consumer (D2C) subscription management platform t...
28/08/2025
Zixi, the industry leader in live broadcast-quality video over IP, today announced that French media distribution platform OKAST has selected Zixi to enable rel...
28/08/2025
Solution offers a streamlined, speaker-free architecture to optimize integration with premium external loudspeakers and advanced loudness metering
Nixer Pro Au...
28/08/2025
Cinegy, the premier provider of software-defined television technology, has announced a strategic partnership with Vision One Touch Film Production Services L.L...
28/08/2025
Telestream, a global leader in media workflow technologies, will debut its new Global Ingest strategy at IBC2025, introducing a next-generation ingest architect...
28/08/2025
Tier 1 operator selects Broadpeak to power high-performance, unified CDN solution across Norway, Sweden and Finland
Broadpeak, a leader in streaming and moneti...
28/08/2025
Leading video software provider, Synamedia, today announced that 24 Frames Digital, one of India's leading live event streaming service providers, has chose...
28/08/2025
Meet VisualOn at IBC2025: See What's Next in AI-Powered Video Streaming Join VisualOn at IBC2025 and discover how our AI-driven Optimizer and advanced media...
The total value of real estate investments implemented in the first six months of 2016 amounted to AED12.1 billion, while the total number of real estate transactions carried out by the Department during the same period reached 25,474, Abdul Aziz Ahmed Al Shamsi, General Director of the Sharjah Real Estate Registration Department, has revealed. Al Shamsi indicated that May 2016 witnessed a record increase of 114 per cent in the total volume of real estates trading, which stood at AED3.4 billion, compared with AED1.6 billion in the same period of 2015. 
