Real estate transactions in Sharjah increased to AED2.8 bn in April

Real estate transactions in Sharjah increased to AED2.8 bn in April

SHARJAH, 9th May, 2023 (WAM) -- The value of real estate transactions in Sharjah during April this year has increased to AED2.8 billion, compared to AED1.7 billion in March, according to the Real Estate Transactions Movement Report, issued by Sharjah Real Estate Registration Department (SRERD),

“In light of the economic stability that characterises Sharjah, in addition to its prominent strategic location in the middle of the other emirates, this growth continues at an upward pace, making this sector a major attraction for local, Arab and foreign investors and enhancing the emirate's position and reputation as a leading global destination,” said the report.

This remarkable growth is due to the continued activities of major real estate development companies in the smiling emirate. In addition, it is due to the financial facilities provided to the business sector and the integrated modern lifestyle that the emirate provides to its citizens and residents because of the development of infrastructure and the expansion of the road network and public service facilities. Moreover, the strength and flexibility of legislation and laws help to regulate and stabilising the real estate sector in the implementation of the directives of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member