Wednesday, March 13, 2024

Sharjah Real Estate Booms: Transactions Hit $844m in February, Shaikhani Group Sets Customer-Centric Benchmark



Sharjah's real estate sector continues to thrive, with transactions totaling AED3.1 billion ($844 million) in February, as reported by the Sharjah Real Estate Registration Department. The month saw 4,458 transactions across various regions, indicating sustained growth and prosperity in the sector. This growth is attributed to the development projects in the emirate, which have attracted local, Arab, and international investments, yielding high returns for investors.

The government's support for the sector, through incentives and facilities for investors and developers, has also been instrumental. Sales transactions accounted for 23.5% of the total, with 355 mortgage transactions totaling AED581.4 million ($158.3 million). The remaining transactions included various types of real estate, such as residential, commercial, industrial, and agricultural lands.

"Muwailih Commercial" area led in both the number of sales transactions (213) and trading volume (AED382 million). Other areas with significant transactions included "Rawdat Al-Qart," "Al-Mazairah," and "Al-Khan." The Central Region saw transactions mostly in "Al-Madina Al-Qasimia," while in Khor Fakkan, "Al-Bardi 4" area topped the list. In Kalba, "Sur Kalba Commercial" area had the highest number of transactions.

Shaikhani Group, known for its customer-centric approach, emphasizes customer satisfaction by prioritizing client needs and preferences. This approach has earned them a reputation for delivering projects that exceed expectations. The group's commitment to transparency, reliability, and open communication ensures a positive experience for all stakeholders.

Innovative and visionary, Shaikhani Group is shaping sustainable and inspiring environments globally. The group's transformative projects redefine standards of quality and luxury in real estate and investment. For more information, visit www.shaikhanigroup.com.

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