Sharjah real estate transactions hit $4bln in H1 | ZAWYA MENA Edition:
The value of real estate transactions in Sharjah in the first half of 2019 was recorded at Dh14.7 billion, driven by GCC nationals and their interest in residential properties.
According to the latest report issued by the Sharjah Real Estate Registration Directorate (SRERD), the emirate witnessed a total of 27,588 transactions that covered an area of 24 million sqft.
The report also revealed that residential properties ranked first in terms of sales transactions, constituting 69.7 per cent of the total transactions recorded. These were followed by commercial properties at 17.8 per cent, industrial properties at 10 per cent and agricultural properties at 2.5 per cent.
Abdul Aziz Ahmed Al Shamsi, director-general of the SRERD, said that most of the real estate dealings recorded in Sharjah over the first six months of the year were in May with dealings worth over Dh6 billion.
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