UAE: 50% discount offered to Sharjah property buyers on registration fee

UAE: 50% discount offered to Sharjah property buyers on registration fee

Sharjah Real Estate Exhibition, Acres 2024, will be held at Expo Centre Sharjah, from January 17 to 20. — File photo

Published: Tue 9 Jan 2024, 6:00 AM

Investors and end-users who plan to buy property in Sharjah will get a 50 per cent discount on registration fees this month.

A statement issued by the Sharjah Chamber of Commerce and Industry and Real Estate Registration Department said the discount will be offered to people buying property at the Sharjah Real Estate Exhibition – Acres 2024, which will run from January 17 to 20 at Expo Centre Sharjah.

Abdulaziz Ahmed Al Shamsi, director-general of Sharjah Real Estate Registration Department, said the discount is part of a series of decisions taken to support the real estate sector.

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“The emirate is attracting investments and capital, hence the population is increasing, resulting in increased demand for residential units. Such demand was met and enhanced by the Sharjah Executive Council Resolution No. 30 issued in November 2022, which allowed all nationalities to own real estate of all kinds, after getting the approval,” he said.

“The emirate is witnessing the launch of various commercial, industrial, and residential projects, which reflects