eseoulpost
InternationalUAE
Sharjah realty deals stood at AED22.5 billion in 2018
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2019.02.12  
트위터 페이스북 미투데이 요즘 네이버 구글 msn

SHARJAH, 12th February, 2019 (WAM) -- The real estate sector in the Emirate of Sharjah has seen a big boom with 54,125 transactions valued at AED22.5 billion in 2018, as per the annual realty transactions report revealed by the Sharjah Real Estate Registration Directorate.

The real estate deals sealed last year covered over 52 million square feet, while the mortgages transactions amounted to AED14.9 billion, according to a top official here.

Abdul Aziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Directorate, attributed this exceptional growth to the big and diverse investment opportunities available in the emirate.

This is apart from the irresistible financing facilities offered by the banks and banking institutions operating in public and private sectors here, while the property prices have become more accessible to all types and levels of investors who joined the real estate market at ease.

The recent government decisions to offer long-term residence visas up to 10 years for investors, residents, retirees and those wishing to study in the academic institutions nationwide have had a significant impact in this regard, he added.

"Foreigners in the emirate have also been given the usufruct to enjoy all the advantages and uses in various real estate projects that include residential, commercial, and industrial," he said.

This has remarkably added to the trust of local, Gulf, Arab and foreign investors, he underlined. "It also opened the door for new investors and developers."

As many as 3,459 mortgage transactions, worth over AED14.9 billion were recorded, Al Shamsi said. "These span 2,114 mortgage transactions, 824 mortgage releases and 521 mortgage add-ons."

Most of the 3,254 sales transactions registered or 87.9 percent, were carried out in Sharjah city with 2,859 deals in 105 areas, he stated.

"These were led by the commercial areas in Al Khan, Al Nahda, Al Majaz-3 and Hushi that witnessed 1,431 transactions; most of which (509) were in Al Khan, while the highest transactions recorded were at the Muwailah Commercial Area which saw 152 deals worth AED 853,652, 212," he added.

Up to 106 sales transactions were registered in 29 areas over the Central Region, led by Al Dhaid Agricultural Area, Sohaila Commercial Area, Al Dhaid Commercial Area and Al Madam Commercial Area, he explained.

"These four areas represent 40.6 per cent of the total deals sealed in the Central regions - exactly 43 transactions, while the remaining 63 deals were concluded in 25 areas," he said. "The Central Region trading volume exceeded AED147 million last year, though," he said.

Khor Fakkan and Dibba Al Hisn witnessed 134 transactions in 20 areas, led by Al Harrai Commercial Area with 28 transactions and Al Harrai Industrial Area with 21 transactions or 45 per cent of the total deals concluded in Khor Fakkan city.

Kalba city came next with 155 transactions in 26 areas, led by the Industrial Area, followed by Al Saf Area and Soor Kalba Commercial Area; representing 47.1 per cent of the city 73 sales deals, while the remaining 82 transactions spanned 23 areas.

Residential properties ranked first in terms of sales transactions, Al Shamsi pointed out. "They accounted for the largest share of the sales transactions by up to 67.7 percent of the total number of properties, followed by commercial properties which stood at 18.4 percent as compared to 11.4 percent for industrial properties, and 2.5 percent for agricultural properties."

As for built properties dealings, residential apartments came first with 921, followed by residential lands with 535 properties, residential built lands with 462 properties, and commercial lands with 347 properties, he revealed.

Investors from 48 nationalities worldwide were involved in the reported real estate transactions in the Emirate of Sharjah in 2018. "However, GCC nationals top the list with realty investments worth over AED20 billion as compared to AED2.5 billion for investors from other nationalities," Al Shamsi explained.

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Local Press: UAE’s digital embrace key factor in success
2
UAE, Korea renew AED20 billion Bilateral Currency Swap Agreement
3
Nominations for Gulf Capital - Abu Dhabi Festival Visual Arts Award closes on April 17
4
UAE participates in 5th ARCP meeting
5
Saudi Arabia unveils pavilion design for Expo 2020 Dubai
6
Salama Al Tunaiji elected chairperson of 16th ‘Sharjah Children Shura’
7
UAE Press: An astonishing illustration of growth and ability
8
Yemeni Prime Minister lauds Saudi-led Arab Coalition support
9
Cleveland Clinic Abu Dhabi to build Oncology Centre in UAE capital
10
Emirates to deploy latest Boeing 777-300ER to Riyadh and Kuwait
Photo News Green Biz
Restoration of nature requires actions of many :Al Zeyoudi
Restoration of nature requires act...
min
Al Zeyoudi to head UAE delegation to upcoming Global Climate Action Summit in California
Al Zeyoudi to head UAE delegation ...
min
Plastic wastes from Korea legal: MisOr ecozone exec
Plastic wastes from Korea legal: M...
min
Spotlight on UAE's environmental efforts at Urban Sustainability Week
Spotlight on UAE's environmental e...
min
DEWA invites customers to take up Shams Dubai to generate onsite solar power
DEWA invites customers to take up ...
min
Photo News Sports
Over 500 Paralympic athletes to compete in IWAS World Games 2019 on Sunday in Sharjah
Over 500 Paralympic athletes to co...
min
New York City FC announces preseason in Abu Dhabi
New York City FC announces preseas...
min
AFC Asian Cup UAE 2019
AFC Asian Cup UAE 2019
min
VP crowns Abdullah Al Marri winner of Mohammed Bin Rashid Endurance Cup
VP crowns Abdullah Al Marri winner...
min
Welcome to the land of Zayed, land of tolerance, Nahyan bin Zayed tells 2019 AFC Asian Cup teams
Welcome to the land of Zayed, land...
min
World Taekwondo Grand-Prix Final launched in Fujairah
World Taekwondo Grand-Prix Final l...
min
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Photo News World
Over 500 Paralympic athletes to compete in IWAS World Games 2019 on Sunday in Sharjah
Over 500 Paralympic athletes to co...
min
New York City FC announces preseason in Abu Dhabi
New York City FC announces preseas...
min
AFC Asian Cup UAE 2019
AFC Asian Cup UAE 2019
min
VP crowns Abdullah Al Marri winner of Mohammed Bin Rashid Endurance Cup
VP crowns Abdullah Al Marri winner...
min
Welcome to the land of Zayed, land of tolerance, Nahyan bin Zayed tells 2019 AFC Asian Cup teams
Welcome to the land of Zayed, land...
min
World Taekwondo Grand-Prix Final launched in Fujairah
World Taekwondo Grand-Prix Final l...
min
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Photo News Opinion
Moon calls for bold shift to 'new Korean Peninsula regime'
Moon calls for bold shift to 'new ...
min
S. Korea will strengthen income-led growth policy after making changes: finance minister
S. Korea will strengthen income-le...
min
PyeongChang Olympic facilities to be turned into nat'l archives, training center
PyeongChang Olympic facilities to ...
min
Ex-Prime Minister Hwang elected new chief of main opposition party
Ex-Prime Minister Hwang elected ne...
min
Samsung chief's attendance at Samsung Elec board meeting drawing focus
Samsung chief's attendance at Sams...
min
President Moon appoints new head of Seoul National University
President Moon appoints new head o...
min
President reaffirms efforts to build 'inclusive' nation
President reaffirms efforts to bui...
min
Moon blasts opposition lawmakers for denying 1980 democracy movement
Moon blasts opposition lawmakers f...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com