Thursday, Apr 2, 2020
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Sharjah’s real estate transactions in 2019 touch Dh24.2 billion

Sharjah real estate
3,328 properties spanning 46.3 million square feet in area were sold in Sharjah last year

The Emirate of Sharjah witnessed real estate transactions worth Dhs24.2 billion last year, registering an increase of 7.3 percent as against that of 2018.

According to the annual report published by the Sharjah Real Estate Registration Department (SRERD), 61,357 property transactions were documented in 2019, showing a rise of 13.4 per cent as compared with that in 2018.

The real estate market in Sharjah holds great promise as it offers investors with a huge scope for investment, besides being monetarily supported by leading banks.

And with the cost of properties being well within the reach of all investors, the emirate has witnessed transactions at unprecedented figures.

SRERD Director-General Abdulaziz Ahmed Al Shamsi indicated that the entire Emirate of Sharjah region documented 11,535 title deed sales valued at Dh9.6 billion.

He added that apart from these, 3,760 mortgage transactions valued at Dh14.6 billion, 963 valuation transactions and 5,272 initial sale transactions too took place.

Overall 3,328 sales transactions encompassing an area of 46.3 million square feet occurred in various regions of the Emirate of Sharjah, with the biggest transaction taking place in the Muwaileh Commercial Area where 567 dealings, worth Dhs1.2 billion were registered.

At the Matka Nordic Travel Fair 2020, a major global travel industry event held in Helsinki, Finland from January 15-19, 2020, Sharjah Airport had made its presence felt in a bid to expand its tourism market across the globe.

Sharjah Airport also attended the Sharjah Commerce and Tourism Development Authority’s (SCTDA) platform with various government and private organisations related to Sharjah’s tourism and travel industry.

SCTDA enumerated on the latest amenities on offer for airline passengers and also shed light on the current strategy adopted for growth.

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