Media ININ Economy We Trust
12-02-2019 Media in \Sharjah
The real estate sector in the emirate of Sharjah achieved a volume of AED 22.5 billion in 2018 through 54,125 transactions. The total volume of transactions reached more than 52 million square feet and the value of mortgages reached 14.9 billion dirhams, according to the annual report of the movement of real estate properties in the regions and cities of the Emirate Real Estate Registration Department in the Emirate of Sharjah.
Mr. Abdul Aziz Ahmad Al Shamsi, Director General of Real Estate Registration Department in Sharjah said that this development is due to the diverse investment opportunities that the emirate boasts and the diversity of options available to investors in addition to the large financing facilities by banks and banking institutions operating in the public and private sectors. Investment groups and different levels that can enter the real estate market with confidence and confidence.
He pointed out that the recent government decisions to grant long-term residence for up to 10 years for investors, residents, retirees and those wishing to study in academic institutions in addition to the decision to benefit foreigners in the Emirate in some real estate projects using different / residential, commercial, industrial, Local, Gulf, Arab and foreign investors and open the door to new investors.
He explained that the emirate has become a preferred destination for family tourism in the region and seeks to consolidate its distinguished position as a destination for living and working by families and seeking to combine the originality and modernity in the patterns and ways of life and life.
The total number of mortgage transactions in the different regions amounted to 3,459 transactions with a value of more than 14.9 billion dirhams. These transactions were divided into 2114 mortgage transactions, 824 mortgages and 521 mortgages.
The number of sales transactions in the different regions of the Emirate reached 3254 transactions. The city of Sharjah acquired 87.9% of the total. There were 2,859 sales transactions in 105 areas topped by the commercial areas in Al Khan, Al Nahda and Al Mujaz 3, which are concentrated in 1431 transactions. Al Khan has witnessed the highest number of trades with 509 trades, while Muwaileh trading area recorded the highest turnover of 853,652,212 million AED through 152 transactions.
The Central region witnessed 106 sales transactions in 29 districts topped by Al Dhaid agricultural, Suhailah Commercial, Al Dhaid Commercial and Al Madame Trading which accounted for 40.6% of total sales in the Central Region with 43 transactions … while the rest of the 63 transactions were distributed to 25 The region’s turnover reached more than AED 147 million last year.
In the cities of Khorfakkan and Dibba al-Hasn, 134 transactions were conducted in 20 areas, led by Al-Harri, with 28 transactions followed by Al-Harri Industrial Area with 21 transactions, amounting to 45% of the total sales transactions in Khorfakkan.
In the city of Kalba, 155 sales transactions were carried out in 26 areas, each of which was issued by the Industrial Zone, Al-Saf, and Commercial Complex of Sur Kalba. These areas accounted for 47.1% of the total sales transactions in the city through 73 transactions, while the remaining 82 transactions were distributed to 23 Area.
In terms of property sales, residential transactions accounted for 67.7 percent of total sales, followed by commercial transactions by 18.4 percent, industrial transactions by 11.4 percent, followed by agricultural transactions by 2.5 percent.
In terms of the number of properties traded, residential apartments topped 921 apartments, followed by residential space with a total of 535 properties, followed by residential land with a total of 462 properties and commercial land with 347 properties.
In terms of investors, 48 nationalities from around the world invested in the emirate in 2018. GCC nationals, including UAE nationals, invested more than 20 billion dirhams and other national investments were worth 2.5 billion dirhams.
The real estate registration department achieved all of its strategic objectives as part of its strategic plan which was established in the beginning of 2018. The plan focused on raising awareness among the target groups by educating them about the projects laws that are intended for retail sale by reaching the largest segment of owners of real estate units, developers and real estate investors. Emirate and beyond.
In this context, two international real estate investment exhibitions were opened, attended by a large number of investors and developers from both inside and outside the country, who were briefed on the real estate investment opportunities in the emirate.
In order to improve the performance capabilities and qualification of leadership competencies and the development of the performance of employees has been announced Innovation Award for 2018 has also been conducted a number of courses and training workshops for all employees of the Department.
In the field of maintaining the provision of the best possible services to customers and increasing the satisfaction of customers, the focus was on facilitating and accelerating their transactions through the use of electronic systems, smart and secure through electronic connectivity with government agencies and companies concerned with real estate procedures and the Department has applied the quality standards for information security ISO 27001.
In order to improve the investment environment and to spread real estate awareness and reduce risks, the Department has conducted a number of professional diploma courses for real estate brokers in cooperation with the University of Sharjah.
