Sharjah real estate deals top $6.5bln in 2019 – ZAWYA
- Date: 20-Jan-2020
- Source: Zawya
- Sector:Real Estate
- Country:UAE
Sharjah real estate deals top $6.5bln in 2019 – ZAWYA
A total of 61,357 transactions were recorded in 2019, increasing by 13.4 percent in comparison to 2018, reported Emirates news agency Wam, citing the Sharjah Real Estate Registration Department (SRERD) annual report.. Other transactions recorded 3,760 mortgage transactions, worth Dh14.6 billion, 963 valuation transactions, and 5,272 initial sales transactions," he said.. Up to 117 sales transactions totalling Dh73.4 million were recorded in 15 different areas of Khor Fakkan, predominantly in Al Harai's industrial and commercial areas, Al Shamsi explained.. Up to 110 sales transactions, worth Dh49.3 million, were recorded in 21 areas of Kalba city recorded, mainly in the industrial areas of Kalba and Al Saf, the department director-general continued, adding that Dibba Al Hisn city also recorded 24 sales transactions, valued at Dh18 million across five different areas.. As for the classification of properties in the Emirate of Sharjah, residential properties ranked the highest in terms of sales transactions, where residential apartments have recorded 1,213 units and lands have recorded 895 properties..