Sharjah real estate transactions surge 22.7% to Dh5.7b in Q3

Date: Nov 09, 2021

The Sharjah Real Estate Registration Department said volume of area circulated in sales transactions amounted to about 16.5 million square feet during July-September quarter, reflecting an increased market activity.

In a statement on Monday, the Sharjah Real Estate Registration Department said volume of area circulated in sales transactions amounted to about 16.5 million square feet during July-September quarter, reflecting an increased market activity.

“The real estate sector in the emirate has returned to its previous situation before the pandemic,” Abdulaziz Ahmed Al Shamsi, director-general of Sharjah Real Estate Registration Department, said in a statement to Khaleej Times.

He attributed the credit to the great support received from His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the follow-up of Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Executive Council of Sharjah, in addition to measures and incentives taken by the government.

“Life is returning to normalcy in Sharjah after recovering from Covid-19 pandemic and 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,” Al Shamsi explained.

SOURCE: Khaleej Times