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Sharjah real estate sector sees 16,781 transactions worth Dh5.7 bn in Q3 21

Sharjah real estate-IFM-image
This is a 22.7% increase when compared to the same period last year

Sharjah’s real estate sector recorded 16,781 transactions worth Dh5.7 billion during the third quarter of 2021, according to a report issued by Sharjah Real Estate Registration Department. This is a 22.7 percent increase when compared to the same period in 2020.

Abdulaziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Department told the media, “Life is returning to normal in Sharjah after recovering from the Covid-19 pandemic and the damage it has caused to various economic sectors in the world.”

“The great growth that has been achieved in the real estate sector in Sharjah reflects this recovery and proves the confidence of investors in the real estate market, especially after the series of economic incentives and facilities launched by the Executive Council in November of 2020, which contributed to the increase in the volume of real estate transactions as compared to the previous year.”

Foreign investors’ activities in the Dubai real estate market have increased over time as the government has introduced various visa reforms and successfully managed the Covid-19 pandemic, media reports said.

Investors mostly from India and Pakistan have invested heavily in Dubai’s real estate market this year. Activities have increased since the resumption of flights in August and ease of travel restrictions.

Dubai’s real estate market recorded impressive figures in the third quarter of 2021 and it has been regarded as the best third quarter in its history, according to data from the real estate portal Property Finder.

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