40.5% rise in Sharjah's real estate transactions in H1 2021

Sharjah Real Estate recorded a staggering AED 12.2 billion in transactions during the first six months of 2021.

That's according to the Sharjah Real Estate Registration Department, which said investment in commercial property neared 40 per cent of the total transactions, while nearly 50 per cent was residential.

It marked a 40.5 per cent increase when compared to the same period last year.

Sixty-three nationalities from around the world invested in Sharjah during the first half of 2021, with Gulf Cooperation Council citizens, including those from the UAE, investing a total of AED 9.7 billion across 10,787 properties.

Investments from other countries, including Arab countries, amounted to AED 2.5 billion across 1,961 properties.

There were 25,601 ownership certificate transactions followed by 10,444 ownership deed transactions, with 2,289 initial sales contract transactions. There were 1,457 mortgage transactions, while valuation transactions were 503, and broker's card transactions came last with 52.

The total area covered in sales transactions was 75.2 million square feet.