Sharjah property sales double in H1 despite Q2 slowdown as $8bn real estate market grows

Across the first half of 2026, residential sales more than doubled to 13,081, compared with 6,140 in H1 2025.

Savills said the quarterly moderation reflected Sharjah’s typical seasonal pattern after the first quarter benefited from major project launches, the ACRES exhibition and registration fee incentives, rather than a deterioration in underlying demand.

Sharjah real estate activity

Despite lower quarterly sales volumes, financing activity strengthened during the quarter.

Mortgage registrations reached 1,555 in Q2, rising 51 per cent quarter-on-quarter and 30 per cent year-on-year, indicating sustained confidence among end-users and investors.

Shane Breen, Head of Sharjah and Northern Emirates at Savills Middle East, said: “The Q2 figures show a market moving into a more sustainable phase after an exceptional first quarter. The year-on-year growth in sales and the continued rise in mortgage registrations point to resilient demand, while buyers are becoming more selective on quality, location and value.

“Sharjah is also seeing a meaningful broadening of its residential offer, with waterfront apartments and mixed-use communities complementing its established villa-led market.”

Pricing trends diverged across the apartment and villa markets during the second quarter.

Sharjah property prices

Average apartment asking prices moderated by 2.9 per cent quarter-on-quarter to approximately AED1,010 ($275) per sq ft, remaining 8.2 per cent below Q2 2025.

Savills attributed the softer pricing to an expanding pipeline of apartment developments, particularly within waterfront and mixed-use communities, which increased buyer choice and competition.

Demand nevertheless remained healthy for well-located developments, particularly along the Al Khan-Al Mamzar waterfront corridor.

Villa asking prices eased by 2.0 per cent quarter-on-quarter to approximately AED970 ($264) per sq ft but remained 5.4 per cent higher than Q2 2025.

Savills said sustained demand across established master-planned communities, including Masaar, Al Zahia, Hayyan and Sharjah Sustainable City, continued to support the villa market despite the gradual introduction of new supply.

Waterfront developments in Sharjah

The consultancy said Sharjah’s residential development pipeline is gradually shifting from the villa-led cycle seen in 2024 and 2025 towards a more balanced mix of apartments and master-planned communities.

The quarter’s largest launch was Linar by Alef Group, an AED4bn ($1.09bn) waterfront development comprising approximately 2,620 apartments across six towers.

Other projects progressing during the quarter included Qasba Downtown and Terhab, while schemes along the Al Khan-Al Mamzar waterfront corridor reinforced the growing prominence of waterfront residential communities.

Villas and townhouses continue to form a significant share of future supply, with developments including Masaar 3, Hayyan, Al Tay Hills, Sustainable City 2, Sukoon and Khalid Bin Sultan City.

Upcoming completions include Saro, the final phase of Arada’s original Masaar masterplan with 597 homes, and Azalea, the fourth phase of Masaar with 566 homes.

Sharjah real estate outlook

Official data from the Sharjah Real Estate Registration Department showed the wider property market maintained positive momentum during H1 2026.

Total transaction values reached AED29.5bn ($8.03bn), up 9.3 per cent year-on-year, while the total number of real estate transactions increased 23.7 per cent to 59,460.

Investors from 121 nationalities were active in the market during the first half of the year, alongside the registration of 11 new real estate projects.

Looking ahead, Savills expects additional residential launches from the third quarter onwards across both apartments and villas.

The consultancy said continued freehold expansion, growing international investor participation and Sharjah’s competitive pricing relative to neighbouring emirates are expected to support demand through the remainder of 2026.

As competition intensifies, developers are likely to continue using flexible payment plans and targeted sales incentives to differentiate projects and maintain market momentum.

Credit Goes to Arabian Business