Sharjah records Dh11.2b real estate transactions in H1

Sharjah records Dh11.2b real estate transactions in H1

Sharjah Real Estate Registration Department transactions increased by 10.4%; Registration of 4 new residential and commercial real estate projects

Investors from 75 different nationalities executed real estate deals in Sharjah during the first half of 2022. — File photo

Published: Wed 27 Jul 2022, 3:58 PM Last updated: Wed 27 Jul 2022, 3:59 PM

Sharjah on Wednesday said it recorded Dh11.2 billion worth of real estate transaction during the first half of 2022 as investors took advantage of the competitive opportunities in the emirate.

In a statement, the Sharjah Real Estate Registration Department (SRERD) said the the total number of sales transactions amounted to 3,327, with a total value of Dh4.1 billion, of which Dh3.9 billion were in the city of Sharjah alone.

“The sale of usufruct transactions amounted to 141 worth Dh243 million, while mortgages recorded a value of Dh5.3 billion. Investors from 75 different nationalities executed real estate deals during this period,” according to SRERD.

In its semi-annual report, the department said that March led the first half of 2022 in terms of trading volume with a total of Dh2.7 billion followed by June with a total of Dh2 billion, and February with a total of Dh1.9 billion.

As for the department's branches, the Sharjah