Sharjah 24: The Sharjah Chamber of Commerce and Industry (SCCI) has welcomed the decision by the Sharjah Executive Council, led by His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, to reduce sale and purchase fees on real estate transactions at the upcoming Sharjah Real Estate Exhibition "Acres 2025."
The move is seen as a significant step in supporting the real estate sector and promoting sustainable growth, further solidifying Sharjah's position as a leading investment destination.
Supporting growth and investment in Sharjah's real estate sector
The Sharjah Chamber highlighted the ongoing qualitative developments in the emirate's real estate sector. The reduction in fees reflects the Sharjah government's commitment to nurturing the sector’s growth through strategic initiatives, incentives, and sustainable development projects aimed at benefiting investors, developers, and entrepreneurs.
Enhancing the success of the "Acres" exhibition
Organised by the Sharjah Chamber in cooperation with the Sharjah Real Estate Registration Department, the "Acres" exhibition has become one of the region’s premier real estate events.
The fee reduction - with new rates of 0.5% for developers, 1% for GCC citizens, and 2% for other nationalities - is expected to boost the exhibition’s success. This move is designed to attract real estate investors, encourage quality project offerings from developers, and generate significant momentum for the event, benefiting all stakeholders in the real estate sector.
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