Latest statistics in Sharjah have revealed that the real-estate trading volume in the emirate reached during the first three months of the current year around AED4.9 billion (USD1.3 billion) in 118 regions.
Abdulaziz Nasser al-Shamsi, director of the real-estate registry directorate, said that the real-estate movement in Sharjah in the first quarter of 2018 can be described as stable given the continuity of investors’ confidence in the real estate sector thanks to its solidity and stability.
Shamsi added that the real-estate development firms’ continuous activity in the emirate and the entrance of new companies to the market, would reinforce the real-estate movement.
He added that canceling the condition of previous residency when registering by Arab nationals has positively affected the real-estate investment movement and started to create qualitative opportunities for a new stake of investors.
He added that 76 regions in Sharjah witnessed 895 selling deals, and the commercial regions came in the lead. On the level of investors, 25 nationalities in Sharjah invested during the first quarter.
Notably, the legal environment organizing the real-estate sector in Sharjah has witnessed remarkable developments in the legislatives going in tandem with the market needs. This led to attracting giant international firms and growing the market in a remarkable way.
Sharjah aims at providing and diversifying investment opportunities in addition to working on establishing strong infrastructure. This is expected to affect the investment environment at a time when these legislatives have opened the door to encourage investment in Sharjah and to attract more investors as well as contribute to activating the local economy.
