In September 2022, real estate transactions totaling 1.9 billion dirhams were registered in the UAE

In September 2022, real estate transactions totaling 1.9 billion dirhams were registered in the UAE

According to the monthly report published by Sharjah Real Estate Registration Department (SRERD), a total of 2,299 real estate transactions worth 1.9 billion dirhams were made during September. Among the total number of transactions, 677 were related to the sale of real estate in various districts of the Emirate of Sharjah.

 

According to the data provided by Sharjah Real Estate Registration Department, 2,299 different types of real estate transactions were registered over the past month. These transactions amounted to 608 million dirhams and included 677 purchase and sale transactions, which accounted for 29.4% of all completed transactions, and 299 mortgage transactions, which accounted for 13.1% of all transactions.

 

Muwaileh Commercial also had the highest monetary trading value in the city of Sharjah, with a total trading value of 164.9 million dirhams. This was followed by transactions totaling 76.7 million dirhams in the Um Fanain area and 52.3 million dirhams in Al Nahda.

 

In total, seven purchase and sale transactions were concluded in the central region, and most of them occurred in the commercial sectors of Al Madam, Al Faw Agricultural, Suhaila 3 and Al Madam Industrial. The largest trading value of Al Madam Commercial was 3 million dirhams, followed by the Al Belaida region with a total sales volume of 2.7 million dirhams and the Refada district with the sale of real estate worth 2.5 million dirhams. These areas are the best in terms of monetary value. Transactions in agriculture in Al Faw amounted to 1.6 million dirhams.

 

 

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