Real estate transactions in Sharjah surged 5.1 per cent to 64,459 worth Dh15.9 billion during 2020 on the back of stimulus measures rolled out by the government to overcome the pandemic challenges.
UAE Hope Probe success will give fillip to economic progress
Muzaffar Rizvi/Dubai
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Top officials and business leaders across the country hail the historic achievement.
As the UAE’s first mission to Mars has reached the red planet and entered its orbit on Tuesday after a seven-month journey, top government officials and corporate executives hailed the success and said the country has emerged as a rising power in the field of space exploration following a successful Mars Mission.
Leading corporate leaders said the UAE’s recent advancements on the space front are very impressive and it will place the emirate among the ranks of leaders in space sciences. They said the Hope Probe will impact technological advancements, which will lead the country to economic progress and diversification.
A reduction of fees on the sale value from four per cent to two per cent for non-GCC purchasers has led to a significant increase of 32.5 per cent in th.
Sharjah property sector zooms, realty deals hit Dhs15.9 billion
08 Feb 2021 Picture used for illustrative purpose. File
The real estate sector in the Emirate of Sharjah has recorded a 5.1% growth in the total real estate transactions concluded over the year 2020, as compared to 2019. Figures show that a vast amount of 64,459 real estate transactions, worth Dhs 15.9 billion, were sealed last year, 2020.
Abdul Aziz Ahmed Al Shamsi, Director General of the Sharjah Real Estate Registration Department, stated that the real estate sector in the Emirate of Sharjah has seen quantum leaps due to the incessant support of His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, May Allah protect him, and the follow-up of Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Chairman of the Executive Council of Sharjah.