The real estate sector in the Emirate of Sharjah achieved turnover of AED 6.2 billion during the first half of this year.
According to the Emirates News Agency, the report of the Real Estate Registration Department in Sharjah showed that these transactions were carried out through 28,710 transactions, with an increase of 4.1% in the total transactions for the first half This year compared to the same period last year, while the volume of traded area in sales transactions reached 15.3 million square feet.
The total number of mortgage transactions in various regions during the first half was 1,166 transactions, at a value of 2.8 billion dirhams.
The number of sales transactions in various regions of the emirate during the first half of 2020 reached 1,218 transactions, the city of Sharjah acquired the largest share of it by 1,030 transactions that took place in 86 regions , With a value amounting to 1.6 billion dirhams, and topped by the regions of Al-Khan, Al-Nahda and Al-Tayy, with 46% of the total transactions in the city, where the number of sales transactions in the area of Al-Khan reached 183 transactions with a value of 229 million dirhams.
As for the central region, the number of sales transactions in it reached 39 transactions that took place in 23 different regions with a value of 32.9 million dirhams, and the highest turnover in the Blida region was 8.3 Million dirhams.
Concerning the city of Khor Fakkan, 57 transactions took place in 15 regions of the city, with a value of 44.9 million dirhams, and the highest turnover was in the Haywa region, with a value of 7.1 million dirhams.
In the city of Dibba Al-Hisn, 11 sales were made in 4 regions, topped by the Northern District with 6 transactions amounting to 3 million dirhams.
The number of transactions in the city of Kalba reached 81 transactions in 24 regions with a value of 32.2 million dirhams, and the highest turnover in the Al-Saaf region reached 4.6 million dirhams.
As for the sale transactions according to the real estate classification, residential properties accounted for the largest share, with 845 transactions, with a percentage of 69.4% of the total number of transactions, and commercial real estate at 166 Treatment by 13.6%, and industrial real estate also by 166, by 13.6%, while agricultural real estate ranked last with 41 transactions, by 3.4%.
As for the number of traded properties, the built-up land transactions differed according to their residential, commercial and industrial classification by 393 properties, followed by space-land transactions according to their residential, commercial and industrial classification with 365 properties, followed by The apartments have 340 apartments.
