Friday, May 24, 2024
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UAE: Leading Investors in Sharjah Real Estate are Indians and Pakistanis

According to the Sharjah Real Estate Registration Department, the city reported Dh10 billion in property transactions in the first quarter of 2024, up 67.1% from the previous year. This growth in demand is attributed to the emirates’ decision to permit non-GCC nationals to own real estate.

With 7,628 properties, Emiratis led the list in terms of volume, followed by Indians (683), Syrians (484), Pakistanis (275), and Jordanians (227). UAE citizens made investments totaling Dh4.4 billion, while GCC citizens invested Dh625.5 million. Arab nationals invested Dh2.1 billion.

The Sharjah Real Estate Registration Department provided figures showing that there were 23,478 transactions in total, 9.3% more than during the same period last year, despite the fact that 28.3 million square feet were exchanged overall.

According to Abdul Aziz Ahmed Al-Shamsi, director-general of the Sharjah Real Estate Registration Department, the Sharjah government has consistently been the first to offer the real estate industry in the emirate all types of support and assistance, and it has been eager to bolster its standing as a prestigious investment destination. According to Al-Shamsi, “the variety of real estate projects the government has initiated in different parts of the emirate, together with its establishment, sponsorship, and involvement in several events and exhibitions.

Also Read:

The Former Flight Attendant Turned CEO Wishes to see More Female Leaders. 

Emirates REIT Records its Highest-Ever Income from Real Estate.

 

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