Sharjah real estate trade value reached Dh8.2bn in third quarter of 2017 - Emirates24|7

Sharjah real estate trade value reached Dh8.2bn in third quarter of 2017

Pic: Wam

Sharjah saw a 37.2 percent increase in the value of real estate trade in the third quarter of 2017 at AED8.2 billion, as compared to the same period in 2016, according to figures released by the Sharjah Real Estate Registration Department.

Abdul Aziz Al Shamsi, Director-General of the department, said the total number of transactions stood at 11,853 in the third quarter of 2017, of which 2,384 were ownership certificates and 811 were sales transactions.

''Mortgage transactions reached 894, including 482 transactions valued at AED3.4 billion,'' he added.

The total traded areas reached 34,304 million square feet.

''Sector-wise, residential, commercial, industrial and agricultural transactions in the same period totalled 483,181, 123 and 24, respectively,'' Al Shamsi noted.

The Al Khan area led in volume, with 162 transactions.

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