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

UAE advances agentic AI project targeting 50% of government operations

The UAE has launched the strategic phase of a national project aimed at converting 50 per cent of federal government operations, services and tasks to agentic AI-driven models within two years.
Dubai Business Forum – China to be held in Shenzhen in October

Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE-BRICS non-oil trade tops $312 billion

UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges

ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.