AED 9.5 billion real estate transactions in Sharjah within 6 months

Real estate transactions in the Sharjah emirate in the first half this year stood at 9.5 billion AED, (19659004) According to a report released by the Department of Real Estate Registration in Sharjah on the movement of real estate in the regions and cities of 39; Emirate, the first half of this year recorded a total of 28,700 transactions of all kinds.

While title transactions amounted to 9,485 transactions and transactions Mortgage transactions amounted to 1,730 transactions valued at AED 5.3 billion, real estate transactions at 534 transactions and real estate transactions at 16,106 transactions and initial transactions at 845 transactions. The main branch issued 8244 transactions, the rest being distributed to 489 transactions in the Kalba branch, 372 transactions in the Khorfakkan branch and 400 transactions in the Al Dhaid branch. [319]

31 nationalities were invested in Sharjah. Billion exchanging 8784 properties, while nationals of other countries have traded 671 properties with an investment volume of one billion dirhams.

Abdulaziz Al Shamsi, General Manager of the Real Estate Registration Department, said that 1515 commercial transactions were completed in Al Khan, Nahda and Al Majaz. The region witnessed 56 transactions in 22 regions

Khorfakkan and Dibba Al Hossn witnessed 65 sales transactions in 17 regions, led by the Al Harri commercial zone, which recorded 83 sales transactions in 20 regions.

Al Shamsi praised the economic incentives The Cabinet of Ministers recently announced to support the economy, and expressed the concern of the Sharjah Emirate to maintain its distinctive position in the property market of the city. 39, state, a practical option to meet the trends for many categories of investors and the requirements of those who want to own the property and the preferred family accommodation and attractive to them as a destination.

Al Shamsi pointed out that Sharjah is carrying out a large number of development projects, some of which have been completed and announced the launch of new phases of other projects, stressing that these projects are realizing the diversity of real estate product and serve different sectors of residential, industrial or commercial investment. In addition to infrastructure projects and tourism projects, which are integrated with each other to support economic growth and sustainability in the emirate.