AED 13.4 bil real estate transactions in Sharjah H1 2023

The real estate sector in Sharjah achieved a trading value amounted to AED 13.4 billion during the first half of 2023, with an increase of 19.2% compared to the same period last year. According to the semi-annual report issued by Sharjah Real Estate Registration Department on the real estate in the regions and cities of the emirate, there were 40,843 transactions in the first half of 2023, and the value of real estate mortgages amounted to AED 4.1 billion. Abdulaziz Ahmed Al-Shamsi, Director General of Sharjah dex Estate Registration Department, said: “The real estate sector in Sharjah continues to be one of the most important economic pillars in the emirate and it continues to accumulate achievements and overcome challenges thanks to the great support of our wise government led by His Highness Dr. Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, may God protect him, 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, and their keenness to support the growth of this vital sector, and ensure its ability to overcome all circumstances.”. Al Shamsi also stated: "The government, thanks to the directives of our wise leadership, has always been proactive in providing all forms of support for the real estate sector in Sharjah. It has also been keen to enhance the emirate’s position as a distinguished investment destination by providing economic diversity, regulated legislation and laws, government facilities, and promising investment opportunities, which makes it a perfect destination for investors.”. In the same context, pointed to “the success of the real estate sector in Sharjah in attracting investors from 88 different nationalities during the first half of this year, thanks to the incentives and facilities adopted by the government during the last period, which are a continuation of a long series of decisions aimed at supporting investment in the emirate”.