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Sharjah Real Estate announces 100 foreign investments

news agency wam , 19 Sep 2024 - 14:13

The Sharjah Real Estate Registration Department said in a statement that 100 foreign nationals have invested in Sharjah in H1 2024.


According to Amac news: The number of properties traded by foreign investors in the emirate reached 5,914 in the first half of this year, a growth of 84.6 percent, the Sharjah Property Registration Office said in a statement.
Meanwhile, the total number of foreign investors grew by 74.4 percent to 5,422, while their cash transactions reached AED 8.3 billion, a 115 percent increase over the same period last year.
Abdulaziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Department, stressed the importance of the Sharjah Investment Forum, which was held this year under the theme “Future Outlook for Smart Economies”, as a platform to showcase the smart investment environment offered by the UAE, especially Sharjah, stressed.
The forum seeks to attract investors to innovative projects that contribute to economic diversification, improve efficiency and ensure sustainable growth.
Al Shamsi also noted that the agency has effectively taken advantage of the developments of the new era by implementing smart solutions to meet investors' challenges.
The focus has been on digital transformation and automating processes to provide modern and innovative services that make the job of investors easier.
As a result of these efforts, the Sharjah real estate sector has seen a 22 percent growth in the number of foreign investors in the first half of the year compared to the same period last year, attracting investors from 100 different nationalities.
 


Story Code: 1610

News Link :
https://www.amacnews.com/en/news/1610/sharjah-real-estate-announces-100-foreign-investments

AMAC
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