The General Director of the Real Estate Registration Department in Sharjah, Abdulaziz Ahmed Al Shamsi, stated that «the value of real estate transactions in the Emirate of Sharjah reached about 3.6 billion dirhams during the first quarter of this year, and the total number of transactions reached 18 thousand and 537 transactions, while real estate transactions in Sharjah were distributed to 129 regions, with a total area of 8.9 million square feet. ”
He added in a recent report issued by the department yesterday, that "increasing diversification in real estate projects in the emirate and launching new projects during the past period, in addition to the expansion of a number of companies in offering various facilities to investors, among the factors that supported attracting investments from different countries to the real estate sector."
He pointed out that «the stimulus package and decisions recently approved by the Sharjah government to support government and private agencies, business sectors and individuals, which included the three-month exemption from annual fees for economic establishments, were among the most prominent incentives and supporting factors, and decisions also included all aspects of institutional and community work Without exception, to demonstrate that Sharjah is a stimulating and supportive business environment, attractive to foreign and direct investment. ”
He stated that «37 nationalities from various countries of the world invested in the real estate sector in the emirate, during the first quarter of this year, while the number of investors from the Gulf Cooperation Council countries reached 2896 investors, and the number of real estate traded reached 3614 properties, with a value amounting to 3.1 billion dirhams».