Sharjah realty transactions hit Dhs4.6b in Q3

  • Date: 15-Nov-2020
  • Source: Gulf Today
  • Sector:Real Estate
  • Country:UAE
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Sharjah realty transactions hit Dhs4.6b in Q3

Sharjah realty transactions hit Dhs4.6b in Q3

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The photo has been used for illustrative purposes.

Inayat-ur-Rahman, Deputy Business Editor

The real estate sector in the emirate of Sharjah has recorded a (10%) growth in the real estate transactions concluded in the third quarter of 2020 as compared to the same period last year. Figures show that up to (14,854) real estate transactions, worth Dhs4.6 billion, were sealed over Q3 this year.

The sales transactions recorded in the third quarter covered (14.6) million square feet, as per the latest quarterly report of the areas and cities of the emirate issued by the Sharjah Real Estate Registration Department (SRERD).

Abdul Aziz Ahmed Al Shamsi, Director General of the Sharjah Real Estate Registration Department, said the reported growth is mainly attributed to the series of stimulus