Sales transactions in the emirate constitute 25.1% of the total of 1,818 transactions
Real estate transactions in Sharjah record 3.5 billion dirhams during February 2021
Real estate development is one of the most important economic activities in the Emirate of Sharjah.
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Abdulaziz Al Shamsi: “The Emirate of Sharjah is an attractive environment for investment by businessmen and women in the region.”
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The Director General of the Sharjah Real Estate Registration Department, Abdulaziz Ahmed Al Shamsi, said that the value of real estate transactions, during February 2021, in the emirate, reached 3.5 billion dirhams, through 1818 transactions.
Al Shamsi explained, in a press statement yesterday, that the number of sales transactions in the emirate amounted to 457 transactions, representing 25.1% of the total number of transactions, while the number of mortgage transactions reached 244 transactions, representing 13.4% of the total number of transactions, and the number of other transactions transactions reached 1117 transactions, with a percentage of 61.5%.
Regarding the number of transactions according to the type of property during last February, Al Shamsi mentioned that the number of "vacant lands" transactions in the emirate reached 170, while the number of "built land" transactions reached 140, and the number of "detached towers" transactions reached 147 transactions.
Al Shamsi revealed that, during last February, a major real estate acquisition deal was concluded between real estate development companies operating in the emirate, worth 690 million dirhams, to create a luxury residential real estate project on an area of 19 million square feet, which reflects the companies' confidence in investment and development in the emirate by offering real estate products. New.
He stressed that the Emirate of Sharjah represents an attractive environment for investment by businessmen and women in the region, which was positively reflected on the growth of the real estate market in the emirate during the last period, despite the Coronavirus pandemic.
He said that real estate development is one of the most important economic activities in the Emirate of Sharjah, due to its pivotal role in economic development, pointing out that the diversity in the categories of real estate projects offered, during the past periods, has positively contributed to attracting a large number of investors.
He pointed out that the department is working on enacting laws and legislations to protect the rights of real estate owners and dealers in the real estate field in the emirate, at a time when the department is following best practices to devise modern and smart methods and means for communicating with customers, as it seeks to achieve practical policies and laws that are reviewed, developed and applied by Dedicated work team.
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