Latest news with #SharjahEmirate
Khaleej Times
07-07-2025
- Business
- Khaleej Times
UAE: Sharjah taps Indian market growth with 2,000 new company registrations in 2024
Sharjah cemented its position as a top investment hub for Indian businesses, with nearly 2,000 new Indian companies joining the Sharjah Chamber of Commerce and Industry (SCCI) in 2024 alone. This brings the total number of Indian firms registered with the Chamber to around 20,000 — a significant 30 per cent increase compared to 2023. Abdallah Sultan Al Owais, Chairman of the SCCI, made the announcement at the Sharjah–India Business Forum in Mumbai, marking the first leg of the Chamber's trade mission to India. Organised by the SCCI and led by the Sharjah Exports Development Centre (SEDC), the forum brought together 15 Sharjah-based companies representing various economic sectors. The aim was to boost cross-border collaboration and highlight the emirate's economic potential to Indian investors. In his remarks, Al Owais described Sharjah as a strategic investment destination offering 'fully integrated competitive advantages". He emphasised that Indian companies play a vital role in the emirate's economic ecosystem. Sharjah's export and re-export volume to India totalled approximately Dh576 million, as documented through certificates of origin issued by the Chamber. Investor-friendly legal framework The event highlighted Sharjah's push to attract more Indian investors by showcasing the emirate's investor-friendly legal framework, developed infrastructure, diverse industrial zones, and high-potential sectors. During his keynote address, Al Owais expressed gratitude to the Indian business community, highlighting the strong and longstanding economic ties between the UAE and India. In 2024, the UAE ranked as India's third-largest trading partner, with non-oil trade between the two nations exceeding Dh240 billion — a 20.5 per cent increase from Dh199.3 billion in 2023. 'Mumbai boasts a strong economic foundation rooted in financial services, information technology, trade, and maritime shipping. It stands out as a strategic gateway for UAE businesses to explore and capitalise on high-potential investment opportunities across these vital sectors," said Al Owais. "This forum represents a key milestone in advancing bilateral business collaboration and enhancing joint efforts to grow trade and investment volumes,' he added. Fostering partnerships The forum featured a series of business-to-business (B2B) meetings and networking opportunities aimed at fostering partnerships across key sectors. The delegation also presented Sharjah's economic offerings, with Ali Abdullah Al Jari, Director of the SEDC, giving an overview of the emirate's advanced infrastructure and investor incentives. The trade mission will continue in Ahmedabad, Gujarat, until July 11. There, the delegation will host another business forum and hold meetings with Indian chambers of commerce to build on the momentum established in Mumbai. The mission supports the broader goals of the UAE–India Comprehensive Economic Partnership Agreement (Cepa), which aims to raise non-oil bilateral trade to $100 billion by 2030.
Khaleej Times
11-06-2025
- Business
- Khaleej Times
Sharjah's realty delivers stellar performance in May
Sharjah's real estate market delivered a stellar performance in May 2025 with a trading value of Dh5.5 billion across 8,415 transactions. This activity, spanning 13.2 million square feet of traded area, underscores the emirate's growing appeal to investors and its strategic evolution into a diversified, sustainable real estate hub, according to data from Sharjah's Real Estate Registration Department. Real estate consultants observed that Sharjah's real estate market exemplifies a maturing sector that balances growth with sustainability. 'The emirate's strategic vision, robust infrastructure, and investor-friendly policies have created a fertile ground for real estate investment,' an analyst said. They noted that against the backdrop of the UAE's dynamic property sector, Sharjah's performance reflects both local resilience and alignment with broader national trends, underscoring its reputation as a prime investment destination. The UAE's real estate market has been on a steady growth trajectory, with the nation's property sector projected to contribute significantly to the non-oil GDP, which reached 73 per cent of the total economy in 2024, as reported by the UAE Central Bank. In particular, Dubai's high-octane luxury market recorded transactions worth Dh97.5 billion in Q1 2025 per the Dubai Land Department. Balancing affordability with ambitious urban development, Sharjah offers a blend of residential, commercial, and industrial opportunities that cater to a diverse investor base. This diversity, coupled with investor-friendly policies, has fueled Sharjah's real estate momentum. The emirate's market is undergoing a transformative shift, moving beyond traditional growth to embrace sustainability and innovation. Government initiatives, including streamlined regulations and investor protections, have bolstered confidence among local and international stakeholders. Flexible legislation has kept pace with market demands, ensuring transparency and legal integrity. Meanwhile, Sharjah's urban expansion, underpinned by modern infrastructure and large-scale projects, has opened new avenues for investment. Areas like Al-Metraq, Muwailih Commercial, and Tilal have emerged as hotspots, reflecting the emirate's ability to attract developers and buyers May 2025, Sharjah's real estate sector recorded 8,415 transactions, with sales transactions totaling 1,574, or 18.7 per cent of the total, signaling strong demand for properties. Mortgage activity further highlighted market confidence, with 381 transactions valued at over Dh1.1 billion, representing 4.5 per cent of all deals. This financing surge reflects trust from both investors and financial institutions in Sharjah's long-term potential. Initial sales contracts numbered 1,486, comprising 17.7 per cent of transactions, while ownership certificates accounted for 43 per cent with 3,619 transactions. Additionally, 1,355 ownership deeds were issued, making up 16.1 per cent of the total, reinforcing Sharjah's reputation for a well-regulated property transactions spanned 134 areas across Sharjah, covering residential, commercial, industrial, and agricultural properties. Of these, 877 transactions involved land, 395 were for units in towers, and 302 were for built-in land deals. Sharjah City dominated with 1,426 sales transactions, led by Al-Metraq, which recorded 354 deals, followed by Muwailih Commercial with 258 and Tilal with 135. In terms of trading value, Muwailih Commercial topped the list at Dh352.2 million, followed by Tilal at Dh263.2 million, Al-Sajaa Industrial at Dh140.9 million, and Al-Metraq at Dh114.9 Sharjah City, the Central Region logged 97 sales transactions, with Industrial 1 leading at 17 deals and Al-Blida recording the highest trading value at Dh13.8 million. In Khor Fakkan, 26 transactions were recorded, with Al-Harai Industrial contributing five deals and Hay Hayawa 4 achieving a trading value of Dh3.6 million. Kalba City saw 24 transactions, with Al-Tarif 5 leading at seven deals and Al Soor 1 posting a trading value of Dh3.5 million. This widespread activity underscores Sharjah's ability to cater to varied investor preferences across its regions. A 2025 report by Property Monitor highlights that Sharjah's affordability, compared to Dubai's average property price of Dh2.1 million, makes it a magnet for middle-income buyers and investors seeking value-driven opportunities. Additionally, Sharjah's focus on cultural and educational hubs, such as University City, enhances its appeal as a holistic lifestyle destination.
Arabian Business
11-06-2025
- Business
- Arabian Business
Sharjah real estate market hits $1.5bn in transactions in May
Sharjah's real estate sector recorded a total trading value of AED5.5bn ($1.5bn) in May 2025, spanning 8,415 transactions across various parts of the emirate. The traded area of sales transactions reached 13.2m sq ft, underlining the emirate's ongoing transformation into a diversified and investment-friendly property market. The latest figures reflect the emirate's shift from traditional growth to a more advanced, diversified, and sustainable real estate phase, driven by reforms, infrastructure expansion, and investor-friendly legislation. Sharjah real estate May 2025 Of the total 8,415 transactions: 1,574 were sales transactions, representing 18.7 per cent of the total 381 mortgage deals were registered, amounting to AED1.1bn ($300m) in value, or 4.5 per cent of transactions 1,486 initial sales contract transactions were recorded (17.7 per cent) 3,619 ownership certificates were issued (43 per cent) 1,355 ownership deeds were registered (16.1 per cent) These metrics reflect rising investor confidence, supported by a steady pace of ownership registration and strong legal frameworks. Sales transactions spanned 134 locations, encompassing residential, commercial, industrial, and agricultural lands. Among the properties traded: 877 were land plots 395 were units in towers 302 were built-in land assets Sharjah City dominated activity with 1,426 sales transactions. The Al-Metraq area topped the list with 354 transactions, followed by: Muwailih Commercial: 258 transactions Tilal: 135 transactions Rodhat Al Qarat: 67 transactions In terms of trading value, the top-performing areas were: Muwailih Commercial: AED352.2m ($95.9m) Tilal: AED263.2m ($71.6m) Al-Sajaa Industrial: AED140.9m ($38.3m) Al-Metraq: AED114.9m ($31.3m) In the Central Region, 97 sales deals were recorded, led by the Industrial 1 area with 17 transactions. Al-Blida ranked highest in trading value at AED13.8m ($3.8m). In Khor Fakkan, 26 transactions were recorded, with Al Harai Industrial leading in volume (five transactions), while Hay Hayawa 4 led in value at AED3.6m ($980,000). In Kalba, 24 deals were registered, topped by Al-Tarif 5 with seven sales, and Al Soor 1 with the highest trading value of AED3.5m ($953,000).
Arabian Business
05-06-2025
- Business
- Arabian Business
Sharjah boosts Eid Al Adha travel services with 5,600 bus trips, new Dubai boat route and Oman Link
The Sharjah Roads and Transport Authority (SRTA) has unveiled a comprehensive transport plan for the Eid Al Adha 2025 holiday (June 5–8), ensuring residents and visitors enjoy safe, smooth, and stress-free travel during the festive break. With a surge in travel expected across Sharjah and beyond, SRTA will operate 180 buses across the emirate, delivering more than 5,600 trips across four days. To manage the holiday rush, bus frequency will increase to every five minutes during peak hours, down from the usual 45 minutes, dramatically reducing wait times for passengers. Sharjah Eid Al Adha transport Engineer Yousef Khamis Al Othmani, the head of the SRTA, highlighted the importance of being well-prepared during holidays. In Sharjah City, the Authority will run 1,144 daily trips across 12 routes with 104 buses covering 543 stops, making travel between neighbourhoods faster and more efficient. Additional staff will be deployed at key stations, particularly Jubail Bus Station, which will remain open from early morning until late evening. New Eid boat service between Sharjah and Dubai In a major highlight for intercity travellers, a special boat service between Sharjah and Dubai will operate four times daily during Eid. Departing from Sharjah's Aquarium Station and arriving at Al Ghubaiba Station in Dubai, the marine route is a collaboration between SRTA and Dubai's Roads and Transport Authority, offering scenic and efficient transport between the emirates. SRTA is also working with Oman's national transport company, Mwasalat, to operate international route 203. This bus service connects the Emirate to Muscat, Oman's capital, with two daily trips from Jubail Station to Al Athaiba in Muscat, stopping at several destinations along the route.
Zawya
04-06-2025
- Business
- Zawya
Alef breaks ground on $300mln Al Mamsha Raseel residential project in Sharjah
UAE-based developer Alef announced on Wednesday that it has broken ground on the 1.1 billion UAE dirhams Al Mamsha Raseel residential project within its Al Mamsha master development in Muwaileh in Sharjah emirate. The main contractor for the 2,210-unit project is China's CC-7 (China National Chemical Engineering & Construction Corporation Seven Ltd). Al Mamsha Raseel marks Zone 3 of Al Mamsha and is expected to be completed by December 2028. Al Mamsha Sharjah is divided into three zones: Zone 1 – Al Mamsha Souks, Zone 2 – Al Mamsha Seerah and Zone 3 – Al Mamsha Raseel. Al Mamsha Seerah encompasses three residential complexes housing a total of 1,586 units. (Editing by Anoop Menon) (
