Sharjah 24: His Excellency Abdulaziz Ahmed Al-Shamsi, Director General of Sharjah Real Estate Registration Department, stated that the Fourth Industrial Revolution imposes major challenges on various economic sectors in the world, including real estates. It also opens up broad horizons and many opportunities for investors and entrepreneurs. Hence, the importance of “Sharjah Investment Forum”.
He added that the forum is being held this year under the theme 'A Futuristic Vision for Smart Economies', to highlight the smart investment environment provided by the UAE in general, and Sharjah in particular. The forum aims to attract more investors in innovative projects that contribute to diversifying the economy, enhancing its efficiency, and sustaining its growth.
Al-Shamsi stressed that “the department has succeeded in using the data of the new revolution by providing smart solutions to the investors’ challenges, focusing on electronic transformation and automation of the work system with the aim of providing modern and creative services that facilitate the work of investors”. His Excellency also highlighted that, with its innovative and facilitated approaches, Sharjah real estate has attracted investors from 100 different foreign nationalities during the first half of this year, with a growth rate of 22% compared to the same period last year.
In this context, Al-Shamsi explained that "the number of traded properties in the emirate during H1 of this year by foreigners has reached 5,914, with a growth rate of 84.6%. As for the total number of foreign investors, it has reached 5,422, with a growth rate of 74.4%, while their cash trading volume reached AED 8.3 billion, with an increase rate of 115% compared to the same period last year."
Moreover, His Excellency stated that “this growth and success is a result of Sharjah’s smart and attractive investment environment, and due to the series of wise decisions by Sharjah Government, which took the initiative to open the door to foreigners’ investment, as the number of real estate projects that allow foreign ownership has reached more than 20 projects, which has contributed to increasing the percentage of investors from foreign countries.”
Finally, Al-Shamsi pointed out that “the department is participating in the forum with its own platform, through which it presents to investors and entrepreneurs all its services, including its smart solutions which contribute to saving time and effort for investors, based on the department's belief that investing in facilitating services for its customers is the most successful to serve the business community.”
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