Sharjah 24: The Sharjah Real Estate Registration Department (SRERD) witnessed the registration of 11 new real estate projects, during the year 2022, in different regions of the Emirate, to start its construction work and offer sales to those wishing to own and invest.
133 projects succeeded in selling 8,989 real estate units over the past twelve months, in completed and under construction projects.
In 2022, the cash trading volume of initial sale contract transactions in projects increased by 12%, with a total value of 4.4 billion dirhams, compared to the previous year.
According to the results of the annual report issued by the department on last year's indicators, Obaid Abdulrahman Al Mazloum, Director of the Real Estate Projects Organisation Department at the Sharjah Real Estate Registration Department (SRERD), stated that the results and indicators of existing and new real estate projects, and the high pace of sales and the growth of trading volume in them, reflect the continuation of the real estate sector in the Emirate of Sharjah in maintaining its usual momentum, which confirms the durability and stability of the market in it and its success in providing various purchase and ownership options, while providing a diversified real estate, whether for residence, housing or investment, and advanced construction specifications and standards for the benefit of owners and investors, in a way that meets all their needs and investment goals.
This was supported and reinforced by the decision issued in November 2022 to allow investors of all nationalities to own units in real estate projects approved by the Real Estate Development Projects Approval Committee in the Emirate.
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