Sharjah Witnesses 4.1% Rise In RE Deals
The Emirate of Sharjah recorded up to 28,710 real estate transactions, worth AED6.2 billion, in the first half of 2020; a rise of 4.1 percent as compared to the transactions recorded over the same period last year. The sales transactions recorded in the first six months of the year covered 15.3 million square feet, as per the latest report of the Sharjah Real Estate Registration Department, SRERD. Abdul Aziz Ahmed Al Shamsi, Director General of the Sharjah Real Estate Registration Department, appreciated the stimulus packages and decisions recently approved by the Government of Sharjah in support of government and private institutions, business sectors and individuals. "These included a three-month exemption from annual fees for economic establishments. The decisions covered all aspects of institutional and community work," he said. Residential properties have topped the list of sales transactions in the first half of the year with 845 trading, that constituted 69.4 percent of the total transactions. These were followed by the commercial properties with 166 transactions, or 13.6 percent, the industrial properties with 166 transactions, or 13.6 percent, and finally the agricultural properties with 41 transactions, or 3.4 percent of the total transactions. As for the number of traded properties - be they residential, commercial or industrial, these were led by 393 transactions of constructed lands, followed by 365 empty lands transactions, and 340 residential apartments transactions.
Tags : INTERNATIONAL