Sharjah’s economy expanded by a robust 8.4% in 2024, a rate nearly three times the global average, officials announced at the Sharjah Investment Forum. The growth was primarily driven by strong performances in the real estate and transportation sectors, reinforcing the emirate’s position as a dynamic investment hub within the UAE.
The Emirate of Sharjah recorded an economic growth rate of 8.4% in 2024, significantly outpacing the global average of 3%. The figures, disclosed during the Sharjah Investment Forum, highlight the success of the emirate’s diversification strategy, with key non-oil sectors fuelling the expansion.
Sheikh Fahim bin Sultan Al Qasimi, Chairman of the Department of Government Relations in Sharjah, revealed that the real estate sector remains a cornerstone of investment activity, while the transportation and warehousing sector grew by 10%. This performance reflects the emirate’s ongoing investment in strategic infrastructure and its investor-friendly environment.
“Sharjah, under the guidance of Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has worked for years to create a comprehensive and balanced environment for its people and investors,” Sheikh Fahim stated. He noted that this vision includes developing high-quality housing, education, and business-enabling facilities.
The strong performance of the property market aligns with recent data showing that Sharjah property sales hit Dh44.3 billion in the first nine months of 2025, demonstrating sustained investor confidence.
Looking ahead, Sheikh Fahim emphasized the transformative impact of upcoming infrastructure projects. “The launch of Etihad Rail next year will significantly enhance Sharjah’s connectivity, positioning the emirate as a vital hub for logistics and regional trade,” he said. He added that Sharjah Airport is also set to play an increasingly crucial role in supporting transport and cargo operations.
The emirate’s impressive growth complements the positive economic outlook for the wider nation, with the IMF projecting strong UAE growth for 2025. Officials at the forum concluded that Sharjah’s stability and strategic planning continue to attract significant regional and international investment, solidifying its reputation as a leading business destination.
