His Excellency Abdulaziz Ahmed Al Shamsi, Director General of the Real Estate Registration Department in the Emirate of Sharjah, revealed the volume of real estate transactions during the month of February in the emirate, as the number of transactions reached 1818 transactions with a value of 3.5 billion dirhams.
Al Shamsi explained that the number of sales transactions in the emirate amounted to 457 transactions, representing 25.1% of the number of transactions, while the number of mortgage transactions reached 244 transactions, representing 13.4% of the number of transactions, while the number of other transactions transactions reached 1117 transactions, representing 61.5%.
With regard to the number of transactions according to the type of property, Al Shamsi pointed out that the number of vacant land transactions in the Emirate of Sharjah reached 170 transactions, while the number of built land transactions reached 140 transactions, and the number of detached tower transactions reached 147 transactions during the month of February. Sales transactions, so Rugaiba registered the highest number with 66 sales transactions.
And Al Shamsi noted that last February, a major real estate acquisition deal was concluded between real estate development companies operating in the emirate at a value of 690 million dirhams in order to establish 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 products Unique and distinct real estate, due to the stability of economic conditions and the economic feasibility of investment.
He praised the interest of women and businesswomen to invest in the Emirate of Sharjah, explaining that the value of investments made by women in the real estate sector reached one billion dirhams in the last year 2020.
Al Shamsi stressed that the Emirate of Sharjah represents an attractive environment for investment by businessmen and women in the region, given its incentive laws for investment and the great facilities that the emirate provides to the business sector, which was positively reflected on the growth of the real estate market in the emirate during the last period despite the fact that Corona pandemic.