GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

• 13,195 transactions, including 1,131 sales at 122 areas, cover 10m square feet

• Al Shamsi: Sharjah provides safe environment for real estate investment, attracts local & foreign investors 

May 19, 2019 - Dubai, UAE:

Government Communication Department - Real Estate Registration Directorate - Sharjah 19/05/2019 

Real estate transactions valued AED 5.2 billion in the Emirate of Sharjah in the first quarter of this year, as per the latest report revealed by the Sharjah Real Estate Registration Directorate (SRERD).

The latest figures show that the Emirate recorded 13,195 transactions, including 1,131 sales at 122 areas that covered 10 million square feet.

Abdul Aziz Ahmed Al Shamsi, Director General of the Sharjah Real Estate Registration Directorate in Sharjah, said the Emirate has become a safe environment for local and foreign investors. 

“This is mainly due to the directives of H.H Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, to secure a nurturing environment for real estate investment.”

This has made the real estate sector in the Emirate more attractive to local, Arab and foreign investors, he added. 

“The federal and local laws and legislations that do encourage investment has helped stabilize the real estate investment nationwide despite the ongoing challenges.”

Al Shamsi said the real estate deals in the Emirate of Sharjah reached AED5.2 billion in the first three months of the year. “The main branch accounted for Dh4.9 billion or 95.3% of total deals sealed in Q-1 against 4.7%, in other branches. The Central Region branch recorded 2.4%, of these deals compared to 1% in Khor Fakkan branch and 1.3% in Kalba branch.” 

“The highest deals, valued at AED2.2 billion, were concluded in February against AED1.7 billion in March and AED1.3 billion in January.”

Sales Transactions Per Region
Up to 1,131 sales transactions were registered across the Emirate in the first quarter of the year. Most of these were recorded in Sharjah city, led by Muwailah Commercial area, Al Khan, Al Nahda, Hushi, as well as Al Majaz-3 where most apartments were registered. 

“Al Taiba-2 area followed by Al Bahaes area recorded the top sales transactions registered in the Central Region over the first quarter of this year, while Al Harri Industrial area followed by Al Luluia area recorded the most sales transactions in Khor Fakkan, and Kalba Industrial area and Al Saf area led the sales transactions concluded in Kalba city.”

Residential properties on the top
Residential properties ranked first in the sales transactions, followed by commercial, industrial and agricultural properties.

Mortgage transactions 
Up to 996 mortgage transactions, worth AED 2.97 billion, were recorded in Sharjah in the first quarter of the year.

Investors from 31 nationalities
Investors from 31 nationalities worldwide were involved in the reported real estate transactions in the Emirate of Sharjah in the first three months of the year. 



Posted by : GoDubai Editorial Team
Viewed 5996 times
Posted on : Sunday, May 19, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : DLD signs MoU with UBL to manage and service OA accounts
Next Story : '100,000 free Iftar Meals served by Danube Group every Ramadan'
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Move Aside C-beauty, K-beauty and J-beauty - There's a New Trend in Town and It...
Inglot Cosmetics Partners With Cartoon Network for Limited Edition “The Powerpuf...
Autumn/Winter 19: Step out in the latest styles with City Centre Deira and City ...
Think LUNETTE for an earth-friendly period
ACE launches its new and inspirational Outdoor collection
Dress for Diwali With the Rack by Kachins
Restoration by Parmigiani Fleurier -The Yusupov Egg
Chain Reaction
Sandro Launches Evening Capsule Collection
‘A Gift of Gold' offers at Malabar Gold & Diamonds
Celebrate guilt-free shopping to your fullest!
Handbags and Gladrags
VAIO returns to Middle Eastern in partnership with Nexstgo
Eighth World Championship title in all categories for Tissot Ambassador Marc Marquez
Unifonic empowers business to capitalize on instant messaging apps to engage wit...
New Strategic Partnership with Hewlett Packard Enterprise to help accelerate Abu...
MBRU and King Saud University in Saudi Arabia join forces to enhance academic co...
His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Challenges the Cit...
Peugeot Boxer 4x4 Concept Revealed
Saudi Arabia's Ministry of Energy highlights enhanced cybersecurity credentials ...
Dubai Land Department welcomes Saudi Minister of Housing
Hazzaa AlMansoori Undergoes Medical Experiments at Stars City as part of His Sci...
During a press conference to announce the completion of preparations of Summit t...
Victoria Beckham Eyewear Debuts New Collection for Fall 2019
Team Abu Dhabi Stars Chase Double World Title Boost in China
Saif bin Zayed unveils first floating Smart Police Station
Al Tayer Motors launches New Ford Escort in the UAE
Headline: UAE all set for 10th edition of Annual Investment Meeting
The S Hotel Al Barsha reveals five new food and beverage offerings
Sofas for Lavish Lounging from 2XL Furniture & Home Decor
Save the Children Jordan launches TREE program “Transforming Refugee Education t...
Microsoft introduces team-empowering Surface Hub 2S to UAE market at GITEX Techn...
GITEX hosts global AI expert, international CEOs and honours retail, smart city ...
Leading public, private sector organisations line up to sponsor World Tolerance ...
Caparol Paints completes two decades of success, innovation and sustainability i...
Ajman Opens the Largest Private Academic Hospital in the Region
Dubai Cares unveils ground-breaking Early Childhood Development (ECD) solutions ...
Cambridge Assessment English witnesses a huge demand for OET (Occupational Engli...
Aquaplex with an eye on the future expansion of Specification sales, launches ne...
Halloween Celebrations at Le Meridien Dubai Hotel and Conference Centre
HE Hamad Obaid AlMansoori: Hazzaa has shown excellent health condition
Hazzaa AlMansoori reveals post flight details in a press conference
SCCI and UOS Announce Doubling of the Financial Value of Sharjah Chamber's Award...
du, NXN, & TELUS Health Collaborate to Optimise the UAE Healthcare Sector
Focus Softnet Launches its Artificial Intelligence Platform - AIFA at GITEX 2019
du, Nokia & SRTIP Sign a Strategic teaming Agreement to Bring Sharjah's Knowledg...
Hazzaa AlMansoori's return to the UAE is scheduled for Saturday 12th October
Nesma collaborates with Hytera for IoT-enabled mission critical communication te...
Ups Flight Forward Attains Faa's First Full Approval for Drone Airline
A new model for the ladies enriches the Corum AC-One collection with luscious fe...