The real estate sector in the Emirate of Sharjah achieved transactions worth 12.2 billion dirhams billion dirhams during the first half of this year 2021, through 40,346 transactions, an increase of 40.5% compared to the same period last year. The volume of area circulated in sales transactions amounted to 75.2 million square feet, according to what was revealed by the semi-annual report of the movement of real estate transactions in the regions and cities of the emirate, which was issued by the Real Estate Registration Department in the Emirate of Sharjah.
The results of real estate trading for the first half of 2021 showed an increase in trading volume by 96.1% compared to the same period last year 2020, due to the resumption of business after the relative decline of the “Covid-19” pandemic, and the increase in investor confidence in the real estate market in the emirate, In addition to the economic incentives and facilities launched by the Executive Council in November of 2020, which contributed to the continued increase in the volume of trading compared to the previous year, especially in February, which witnessed the conclusion of a major real estate acquisition deal between real estate development companies operating in Sharjah worth 690 million dirhams from For the establishment of a luxury residential real estate project, which is a positive indication that the real estate market in the emirate has begun to recover.
As for the number of transactions, and despite the continuation of the pandemic, the report shows a remarkable increase in the department’s total transactions during the first half of 2021, compared to the same period last year, as the department made great efforts to try to provide all its transactions, taking into account the elements of safety and security for employees and customers. Both.