Sharjah budget will stimulate growth, enhance sustainability
28 Dec 2020
Inayat-ur-Rahman,
Deputy Business Editor
His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the general budget for the Emirate of Sharjah of Dhs33.6 billion for the fiscal year 2021. According to Sharjah Finance Department (SFD), the budget has increased 12 per cent compared to the final 2020 budget with the aim to achieve the strategic vision of the emirate in economic and social development, enhancing financial sustainability, and stimulating the macroeconomic environment.
Abdul Aziz Ahmed Al Shamsi, Director General of the Sharjah Real Estate Registration Department told Gulf Today that the budget for the new year 2021 constitutes an added value to all that have preceded it, both in terms of increase and growth.
The sales launch of the district’s first residential building, Tiraz 1, begins on December 16
by Zainab Mansoor
December 16, 2020
Sharjah real estate developer Arada is ‘extremely bullish’ on the outlook for the emirate of Sharjah for 2021, its CEO has confirmed.
“It has been a challenging year for the UAE real estate market in general, which came on top of an already difficult period thanks to the unfavourable supply-and-demand situation and worsening consumer sentiment. However, some parts of the UAE are certainly faring better than others,” Ahmed Alkhoshaibi, Arada’s CEO told
Gulf Business.
“We are extremely bullish on the outlook for Sharjah over the course of the next year. We are currently on target to reach our sales target of Dhs1.7bn in 2020. So far this year, we have sold just over 2,200 homes in total, including almost 1,900 homes at Aljada and over 300 homes at Nasma Residences.”