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Real estate deals in Sharjah reached 25.5 billion dirhams in 2014

UAE - April 3, 2015
Sharjah

The real estate dealings value in Sharjah has hiked during the last year by 44.6% compared with 2013 dealings to reach 25.5 billion dirhams.

Hamad Salem Al-Mazroui, general manager of Real Estate Registry Department, said that dealings rise goes back to properties prices hike in addition to dealings growth.

Dealings growth in Sharjah proves the market recovery and overpassing the slump period of 2011 and 2012.

Al-Mazroui said that rents prices stability have a great role also in dealings growth; rents rates stability leads to increasing customers’ and owners’ confidence in the real estate market which enables them to take studied investment steps tracing the future.

March of the last year witnessed the highest dealings values compared with other months with 3.2 billion dirhams dealings. The cumulative number of traded properties during the last year reached 6245 properties with total area of 80 million square meters.

 

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