332.4 million dirhams in transactions in the central and eastern cities of Sharjah during the first quarter
Sharjah, April 30 / WAM / The real estate sector performance report in the regions and cities of the Emirate of Sharjah, issued by the Real Estate Registration Department in the emirate, revealed that the volume of cash transactions in the central and eastern regions reached 332.4 million dirhams, which were carried out through the department’s four branches in the cities of Al Dhaid and Khor Fakkan. Dibba Al-Hisn and Kalba.
The total real estate transactions in the department’s branches amounted to six thousand and 732 transactions, and the total area traded in sales transactions reached 10.1 million square feet during the same period.
Omar Al Mansouri, Director of the Branches Department at the Sharjah Real Estate Registration Department, said that the real estate sector in the central and eastern regions has witnessed, over the past years, a continuous, non-stop movement of development that has pushed the economy in the two regions towards economic horizons full of promising opportunities, as the two regions have witnessed special care from our wise government. During the launch of many real estate and development projects, especially tourism projects in the two regions, which constituted a point of attraction and attraction for investors from inside and outside the country, and was reflected in the growth and prosperity of the sector during the last period, which we see clearly in the results of the report for the past three months of this year.
Al Mansouri added that the Sharjah government’s interest in the continuous development of infrastructure and legislation has had a positive impact in supporting and developing the real estate sector in the emirate in all its cities.
He explained that the trading volume in the four branches represented 3.3% of the total trading volume in the real estate sector in the emirate during the first quarter of this year, as the total cash trading volume in the Al Dhaid City branch reached 146.2 million dirhams, representing 1.5% of the total trading volume, while it reached 114.8 million. Dirhams in the city of Khor Fakkan, at a rate of 1.1%, 62 million dirhams in the city of Kalba, at a rate of 0.6%, and 9.3 million dirhams in the city of Dibba Al-Hisn, at a rate of 0.1%. The total trading volume of the branches, indicating that the department’s branches carried out 143 mortgage transactions, with a total value amounting to 130.3 million dirhams. .
Al Mansouri said that the number of sales transactions in Al Dhaid City during the first quarter of this year reached 126 transactions that took place in 27 different regions, with a total value of 120.1 million dirhams, and Al Qasimia City accounted for the largest portion of them, with 70 transactions, representing 55.5% of the total sales transactions, and the rest was distributed. There are 56 transactions in 26 regions.
He added that the number of “sale” transactions in the city of Khor Fakkan reached 87 transactions that took place in 20 areas with a total value of 51.3 million dirhams, while the areas (Al-Bardi District 4) and (Al-Harrai Industrial District) recorded 27.6% of the total sales transactions.
Al Mansouri pointed out that the number of transactions in the city of Kalba reached 34 transactions that took place in 14 areas of the city, with a value reaching 23.4 million dirhams. Sales transactions in the city of Kalba were concentrated in the areas (Sur Kalba Commercial) and (Al Turaif 5), which constituted 35.3% of the total sales transactions in the city. City.
The Director of the Branches Department at the Sharjah Real Estate Registration Department revealed that sales transactions in the city of Dibba Al-Hisn were distributed among 3 areas and were completed through 10 transactions worth 7.7 million dirhams, 80% of which took place in the Al-Shamali neighborhood.
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