Sharjah realty transactions hit AED 5.2 billion

Sunday, 19 May 2019 15:45

The value of real estate deals in Sharjah hit AED 5.2 billion in the first quarter of this year.

According to the emirate’s Real Estate Registration Directorate (SRERD), more than 13,000 sales transactions were registered during the period, with residential properties coming on top, followed by commercial, industrial and agricultural properties.

Investors across 31 nationalities were involved in these transactions.

February was the busiest month (deals worth AED2.2 billion), followed by March (AED 1.7 billion) and January (AED 1.3 billion).

More from Business

DP World appoints Ahmad Yousef Al-Hassan as CEO and MD for GCC

DP World has appointed Ahmad Yousef Al-Hassan as Chief Executive Officer and Managing Director for the GCC.
Oil prices surge to highest since 2022 at over $119 a barrel

Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.
HSBC CEO says confidence in GCC remains despite regional developments

HSBC on Monday expressed confidence in the Gulf Cooperation Council (GCC) members' economic prospects as the region and the wider Middle East brace for the economic shock from the U.S.-Israeli conflict with Iran.
Silal, National Agricultural Centre partner to boost UAE food security

Silal, an Abu Dhabi agri-food and technology company, has announced the expansion of its operations in Ras Al Khaimah in collaboration with the National Agricultural Centre.