sharjah real estate trade value reached aed82 bn in third quarter of 2017
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Sharjah real estate trade value reached AED8.2 bn in third quarter of 2017

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Arab Today, arab today Sharjah real estate trade value reached AED8.2 bn in third quarter of 2017

Sharjah real estate trade value reached AED8.2 bn in third quarter of 2017
Sharjah - Arab Today

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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