Sharjah realty transactions top $6.5bn in 2019
01 February 2020
Real estate transactions totalled Dh24.2 billion ($6.58 billion) in the Emirate of Sharjah in 2019 increasing by 7.3 per cent in comparison to 2018, a media report said.
A total of 61,357 transactions were recorded in 2019, increasing by 13.4 per cent in comparison to 2018, reported Emirates news agency Wam, citing the Sharjah Real Estate Registration Department (SRERD) annual report.
SRERD director-general Abdulaziz Ahmed Al Shamsi stated that 11,535 title deeds transactions, worth Dh9.6 billion, were recorded in all the regions of the emirate. “Other transactions recorded 3,760 mortgage transactions, worth Dh14.6 billion, 963 valuation transactions, and 5,272 initial sales transactions,” he said.
The Sharjah real estate market provides a wide variety of investment opportunities for investors along with financing facilities offered by the banks. The prices of the properties have become affordable for all investors in the market, he noted.
“Up to 3,328 sales transactions were recorded in all parts of the Emirate of Sharjah. Most of these were recorded in Sharjah city where 2,963 sales transactions, worth Dh4.8 billion, were recorded in 105 different areas,” he said.
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