Al Khan area tops Sharjah real estate transactions

By Rajive Singh

 Trade value @ Dh8.2 billion in third quarter

SHARJAH 24 October 2017: Sharjah saw a 37.2 per cent increase in the value of real estate trade in the third quarter of 2017 at Dh8.2 billion, as compared to the same period in 2016, according to figures released by the Sharjah Real Estate Registration Department.

Abdul Aziz Al Shamsi, Director-General of the department, said the total number of transactions stood at 11,853 in the third quarter of 2017, of which 2,384 were ownership certificates and 811 were sales transactions.

”Mortgage transactions reached 894, including 482 transactions valued at Dh3.4 billion,” he added.

The total traded areas reached 34,304 million square feet.

”Sector-wise, residential, commercial, industrial and agricultural transactions in the same period totalled 483,181, 123 and 24, respectively,” Al Shamsi noted.

The Al Khan area led in volume, with 162 transactions.