Sharjah witnessed real estate transactions worth over AED6 billion in the first quarter of 2022, Abdulaziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Department, said in a statement to the Emirates News Agency (WAM) on Tuesday.Â
The projections indicate this activity would continue at the same pace, ensuring the sector’s stability, he added
“We see this as an indicator of a recovery from crises, due to the economic incentives launched by the federal and local governments,” he stressed, affirming that the emirate is currently witnessing the launch of related commercial, industrial and residential projects in various cities.
Al Shamsi also highlighted the importance of the acres real estate exhibition, which the Sharjah Real Estate Registration Department organises annually in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI), to attract investors and showcase the potential of Sharjah’s real estate sector.
Director-General said there are 345 real estate offices in the emirate. The department has launched several smart digital services to serve real estate investors and developers in Sharjah, which utilise the latest tech solutions, including the E-Developer online platform.