Sharjah real estate transactions total Dhs4.6bn in Q3 2020, up 10% y-on-y

SourceGulf Business
SectorReal Estate

Sharjah recorded a 10 per cent growth in real estate transactions concluded in the third quarter of 2020 compared to the corresponding period last year. There were a total of 14,854 real estate transactions worth Dhs4.6bn completed in Q3 this year. The sales covered 14.6 million square feet, as per the latest quarterly report issued by the Sharjah Real Estate Registration Department (SRERD). The property statement transactions were recorded at 8,743, followed by 3,539 property title transactions, 1,675 initial sale deals, 676 mortgage transactions, and 221 valuation contracts. Mortgage transactions rose to 676 worth Dhs1.9bn while there were 1,090 sales registered across the emirate in Q3. Most of these were conducted in Sharjah city with 928 deals valued at Dhs1.1bn. They were spread across 75 areas, led by Al Khan (159) and Al Tai more...