Search DubaiPRNetwork.com

Home >> Government, Legal & Humanity

Sharjah real estate transactions recorded 4.2 billion AED in Q-3 of the year 2019

Sunday, November 3, 2019/ Editor -  

Share

Home >> Government, Legal & Humanity
Al Shamsi: Sharjah has become a leading hub for families worldwide to live in and enjoy a safe, stable and happy life
 
 
 
Sharjah, United Arab Emirates - November 03, 2019:    Real estate transactions have recorded AED 4.2 billion AED in the Emirate of Sharjah in the third quarter of 2019, while the total areas covered in the 'sales transactions' in the emirate reached 9.5 million feet, as per the latest report of the Sharjah Real Estate Registration Department (SRERD).
 
Abdulaziz Ahmed Al Shamsi, Director General - SRERD, said the Emirate recorded up to 14,974 real estate transactions over July, August and September.
 
Figures reflect a significant rise of 31.4% in the number of the transactions recorded in the third quarter of 2019 as compared to the same period in 2018, he underlined.
 
“The Emirate of Sharjah recorded 14,974 real estate transactions over July, August and September in 2019 in comparison to 11,393 property transactions recorded over the same three months in 2018.”
 
The real estate transactions recorded in Quarter-3 consisted of 646 'Sales', 1,453 'Initial Sale Contracts' and 210 “Evaluations. “These are added to 694 “Mortgages” transactions which are valued at about 1.8 billion AED.”
 
 
 
 
 
 
 
 
 
 
 
Favourite destination for regional families
H.E Abdulaziz Ahmed Al Shamsi, Director General of the Sharjah Real Estate Registration Department (SRERD) said the Emirate of Sharjah has become an attractive market for local and foreign investors.
 
 
“This is mainly due to the directives of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, who pays much attention to the real estate sector.”
 
 
“The encouraging business environment has boosted the Emirate’s position as a trust-worthy, economic and investment hub on the regional and international map.”
 
 
Al Shamsi added that the Emirate has become a favourite tourist destination for families from the region. “The Emirate has boosted its position as an ideal destination for families to live and work in.”
 
 
The Emirate has recently beaten over 200 cities worldwide, and won the “Child Friendly Cities Award” from the United Nations Children's Fund (UNICEF) - Child Friendly Social Services category, he stated.
 
 
“The Emirate has further joined the Global Network of Age-Friendly Cities of the World Health Organization and became the first Arab member in this international network.”
 
 
This made Sharjah a key role model to follow in the Middle East, he underlined. “The Emirate has become a leading hub for families from around the world to live in and enjoy a safe, stable and happy life.”
 
 
 
 
 
Sharjah City on the top
Most of the real estate transactions were recorded in Sharjah city branch which constituted 96.9% from the total transactions value recorded in the third quarter of 2019.
 
Most of the 'Sales' transactions were recorded in Al Khan area with 127 transactions, while the highest transaction value worth 253 million AED, was recorded for the Muwaileh Commercial Area.
 
“The other branches recorded 3.1% from the total real estate transaction value reported. These recorded 1.2% at Al Dhaid, 1.1% at Khor Fakkan, and 0.8% at Kalba branch.”
 
Residential properties on the top
Residential properties ranked first in terms of “Sales” transactions, constituting 64.4% of the total transactions recorded. These were followed by industrial properties (17.9%), commercial properties (13.8%), and agricultural properties (3.9%).
 
Investors from 41 nationalities
Investors from 41 nationalities worldwide have invested in the real estate sector of the Emirate of Sharjah in the third quarter of 2019. 
 
“GCC nationals’ real estate investments in the Emirate of Sharjah recorded around 3.5 billion AED, while the real estate investments of other nationalities valued at about 700 million AED.”

Previous in Government, Legal & Humanity

Next in Government, Legal & Humanity


Home >> Government, Legal & Humanity Section

Latest Press Release

Dubai Investments Announces 10% Cash Dividend to Shareholders

Live in Absolute Comfort With Natuzzi Sofas During Lockdown

Wizz Air Aims to have 100 Aircraft Serving GCC Markets by 2035

UAE Hemophilia Group Supports Arab World Celebrations of International Hemophili ...

After April Passenger Demand Trough, First Signals of Uptick

United We Stand Among Independents Through Unprecedented Collaboration

Etihad Airways to Offer Special Transfer Flights Connecting Key Cities on Its Gl ...

Samsung Galaxy S20 series exceeds expectations of UAE consumers

Dubai-born Director Aziz Zee Releases Short Film on Coronavirus Touching upon To ...

Ajman Tourism Highlights the Emirate's Unique Features at ATM Virtual

Womanity Reshapes the Narrative Around Women in the MENA Region

Crude oil's continued recovery challenged by quota-cheating

Glory for Dubai's Godolphin in Australia

Travel Forward at ATM Virtual Reveals Messaging Platforms Will Be Key Tool for T ...

SparkTheNext: New Maserati Ghibli Hybrid

Governments Urged to Establish ‘Green Lanes' to Aid Tourism Recovery and Promote ...

OMEGA Introduces New Dials For The De Ville Prestige

With the Global Crisis being Experienced, France does not lose Sight of Success

DHL Partners With Tabby to Offer Online Retailers a Simpler Alternative to Cash ...

Emirates Post Resumes Postal Services to Pakistan