The Emirate of Sharjah logged 2,606 real estate transactions worth AED3.1 billion during March 2024, across 8.1 million square feet, according to a report issued by Sharjah Real Estate Registration Department.   The report showed that the total number of transactions included 837 sales transactions, accounting for 32.1 percent of the total, 333 mortgage transactions worth AED1.1 million, accounting for 12.8 percent, while the rest of the other transactions amounted to 1,436, representing 55.1 percent of the total number of transactions.   The sales transactions took place in 97 areas distributed across various cities and regions of Sharjah, including 350 vacant lands, 240 sub-divided towers, and 247 of built-in land. These properties included residential, commercial,…

During the first quarter of this year (Q1 2024), the real estate sector in Sharjah succeeded in achieving a trading value of AED 10 billion, with an increase rate of 67.1 percent compared to the same period last year. This is due to the increase in sales transactions of various types, including sales, usufruct sales, and initial contracts, as their total amounted to 6,146, compared to 3,011 transactions for the same period last year.   Moreover, and according to the “Quarterly report on the real estate sector performance” issued by Sharjah Real Estate Registration Department, the total number of transactions reached 23,478, with a growth rate of 9.3 percent compared to last year. While the total area traded reached 28.3 million square feet.   In this context,…

The Real Estate Registration Department in Sharjah has announced the provision of the service of ownership and usufruct deeds of various types in the digital wallet of the UAE Digital Identity (UAE Pass) app, making it the first government department in the emirate to provide this service.   This comes within the framework of its commitment to providing the best services to customers, and in an implementation of the UAE government’s vision for digital transformation and enhancing customer experience,   The Department's customers can now download ownership and private benefit deeds (ownership deed, joint ownership deed, usufruct deed, or joint usufruct deed) through the digital ID smart application on mobile phones.   In this context, Abdul Aziz Ahmed Al-Shamsi,…

Sharjah Investment and Development Authority (Shurooq) continues its commitment to elevate the emirate's stature as a globally distinctive tourist destination by announcing the completion of expansions for two flagship projects under the Sharjah Collection: The Kingfisher Retreat and Al Badayer Retreat.   These expansions are geared towards amplifying capacity and delivering unparalleled tourist experiences that seamlessly blend tradition with modernity, all while upholding principles of sustainability and environmental conservation.   Kingfisher Retreat has 20 new accommodations nestled in a unique mangrove ecosystem. Since its opening, the Kingfisher Retreat has been a popular family resort nestled amidst mangroves on an island off the east coast of Sharjah. The new…