Latest news with #SharjahRealEstateRegistrationDepartment
Gulf Today
14-05-2025
- Business
- Gulf Today
Sharjah to enhance efficiency of realty, financing procedures
The Sharjah Real Estate Registration Department (Sharjah RERD) signed a memorandum of cooperation with Emirates Islamic bank (EIB) to activate a direct electronic link between the two parties. This step is part of the department's strategy to digitise its services and enhance the efficiency of real estate registration and financing procedures, which is in line with the Sharjah government's digital transformation efforts and the provision of smart interconnected services. The memorandum was signed by Abdul Aziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department, and Farid Al Mulla, Chief Executive Officer of Emirates Islamic, in the presence of several department directors and officials from both parties. This agreement represents an advanced step towards facilitating real estate procedures and transactions related to banking services. Additionally, it aims to provide mortgage services and carry out all required actions, including, but not limited to, registering, amending, canceling, and releasing mortgage contracts. Moreover, it allows Emirates Islamic to use the department's electronic system, enabling it to conduct inquiries, verifications, and compliance transactions electronically, in accordance with its roles and the applicable legislative controls. The electronic linking will be launched using the latest encryption protocols and the highest standards of data protection, ensuring the confidentiality and integrity of exchanged information without the need for physical presence. This will contribute to reducing the time and effort for customers and enhancing the accuracy and quality of operations. In this context, Abdul Aziz Al-Shamsi said: 'This partnership comes within the framework of our ongoing efforts to develop the real estate business environment in the emirate, and achieve a high level of digital integration between government agencies and financial institutions. It will support the quality of life and enhance business in Sharjah.' 'Enabling banks to have direct access to the department's electronic system for mortgage transactions and digital services reflects our commitment to providing services based on transparency, accuracy, and speed of completion.' Farid Al Mulla, Chief Executive Officer of Emirates Islamic, also said: 'Emirates Islamic is proud to partner with the Sharjah Real Estate Registration Department in this important initiative to streamline mortgage services. This collaboration underscores our commitment to remain at the forefront of driving digital innovation to enhance customer experiences.' 'Aligning with our vision to be the most innovative Shariah-compliant bank for our customers, people, and communities, Emirates Islamic will continue to secure strategic partnerships, to deliver innovative products and enhance customer experience.' Overall, this agreement is an extension of the department's efforts to enhance the digital infrastructure of its systems and enable its partners to benefit from its services remotely, which will eventually support Sharjah's vision of developing smart government work and stimulating economic and real estate growth through strategic partnerships with the private sector.
Sharjah 24
14-05-2025
- Business
- Sharjah 24
SRERD, ‘Emirates Islamic' activate electronic mortgage services
The memorandum was signed by Abdul Aziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department, and His Excellency Farid Al Mulla, Chief Executive Officer of Emirates Islamic, in the presence of several department directors and officials from both parties. This agreement represents an advanced step towards facilitating real estate procedures and transactions related to banking services. Additionally, it aims to provide mortgage services and carry out all required actions, including, but not limited to, registering, amending, canceling, and releasing mortgage contracts. Moreover, it allows Emirates Islamic to use the department's electronic system, enabling it to conduct inquiries, verifications, and compliance transactions electronically, in accordance with its roles and the applicable legislative controls. The electronic linking will be launched using the latest encryption protocols and the highest standards of data protection, ensuring the confidentiality and integrity of exchanged information without the need for physical presence. This will contribute to reducing the time and effort for customers and enhancing the accuracy and quality of operations. In this context, Abdul Aziz Al-Shamsi said: "This partnership comes within the framework of our ongoing efforts to develop the real estate business environment in the emirate, and achieve a high level of digital integration between government agencies and financial institutions. It will support the quality of life and enhance business in Sharjah. Enabling banks to have direct access to the department's electronic system for mortgage transactions and digital services reflects our commitment to providing services based on transparency, accuracy, and speed of completion." Farid Al Mulla, Chief Executive Officer of Emirates Islamic, also said: "Emirates Islamic is proud to partner with the Sharjah Real Estate Registration Department in this important initiative to streamline mortgage services. This collaboration underscores our commitment to remain at the forefront of driving digital innovation to enhance customer experiences. Aligning with our vision to be the most innovative Shariah-compliant bank for our customers, people, and communities, Emirates Islamic will continue to secure strategic partnerships, to deliver innovative products and enhance customer experience." Overall, this agreement is an extension of the department's efforts to enhance the digital infrastructure of its systems and enable its partners to benefit from its services remotely, which will eventually support Sharjah's vision of developing smart government work and stimulating economic and real estate growth through strategic partnerships with the private sector.
Zawya
12-05-2025
- Business
- Zawya
With $1.08bln in April transactions; Sharjah's real estate momentum continues
SHARJAH: Sharjah's real estate sector had a strong performance during April 2025, recording 7,206 transactions with a trading value of AED 4 billion across various areas of the emirate. The total traded area of sales transactions reached approximately 10.3 million square feet, which reflects the continued momentum and growth in Sharjah's real estate market, according to figures released by Sharjah Real Estate Registration Department. The real estate sector in Sharjah is also witnessing a significant leap reflecting the market's growth and the rising range of investors. This transformation is driven by a number of integrated factors that have enhanced the emirate's attractiveness, making it a promising investment destination. The flexible government policies and supportive legislation have contributed to providing a stable regulatory environment that encourages long-term investment. Moreover, major development projects and well-planned urban expansion have also played a pivotal role in attracting local and foreign capital. This transformation is driven by rapid population growth and increasing demand for real estate units, which has led to a diversity of real estate products offered to meet the needs of various segments. Major real estate transactions were recorded during April 2025, such as "Al-Majaz 3" deal with a value of AED 115 million, which highlights the growing confidence in the emirate's real estate market. Additionally, the wide geographical distribution of sales transactions, which covered 117 areas, reflects the expansion of the investment landscape and the market's ability to respond to investors' aspirations. The data issued by the Sharjah Real Estate Registration Department indicated that the total number of transactions reached 7,206, which included 1,415 sales transactions, representing 19.6% of the total, and 413 mortgage transactions, representing 5.7%, and with a value of AED 866.8 million. Furthermore, the number of initial contract transactions reached 751, representing 10.4%, ownership certificate transactions reached 3,453, representing 48%, and the number of ownership deeds reached 1,174, representing 16.3% of the total transactions. Sales transactions took place in 117 areas distributed across the various cities and regions of the Emirate of Sharjah. These properties included residential, commercial, industrial, and agricultural land. As for their types, 785 lands were traded, 338 of units in towers, and 292 of built-in land transactions. 'Al-Majaz 3' recorded the highest real estate deal for a built-in land, valued at AED 115 million. The same area also recorded the highest mortgage transaction for a built-in land, valued at AED 130 million. The total number of sales transactions in Sharjah reached 1,312. 'Al-Metraq' area ranked the highest in terms of number of sales transactions, with 365, followed by 'Muwailih Commercial' area with 156, 'Tilal' area with 152, and 'Al-Khan' area with 64 transactions. In terms of the areas with the highest trading value, 'Muwailih Commercial' ranked the highest with a trading value of AED 348.4 million, followed by 'Tilal' area with AED 310.6 million, 'Al-Sajaa Industrial' area with AED 168.4 million, and 'Al-Majaz 3' area with AED 136 million. In the Central Region, a total of 66 sales transactions were recorded, most of which were in the 'Industrial Area 3', with a number of 19 transactions, and had the highest trading value, with AED 16.8 million. As for the city of Khor Fakkan, it recorded 24 sales transactions, in which 'Al-Harai Commercial', 'Hay Al-Bardi 2' and 'Hay Al-Luleya' areas, recorded 4 transactions each. Meanwhile, 'Hay Al-Bardi 5' had the highest trading value, with AED 4.2 million. Finally, and in Kalba, 11 sales transactions were recorded, led by 'Al-Tarif 5' area with 5 transactions, which was also the highest in terms of the trading value, at AED 1.3 million.
Arabian Business
11-05-2025
- Business
- Arabian Business
Sharjah real estate market hits $1.09bn in April 2025 transactions
Sharjah 's property market demonstrated strong performance in April 2025, with 7,206 transactions totalling AED 4 billion across the emirate, according to figures released by the Sharjah Real Estate Registration Department. The transactions covered approximately 10.3 million square feet, reflecting continued growth in the market that officials attribute to government policies and urban development projects. The April data showed 1,415 sales transactions (19.6 per cent of total), 413 mortgage transactions (5.7 per cent) valued at AED 866.8 million, 751 initial contract transactions (10.4 per cent), 3,453 ownership certificate transactions (48 per cent), and 1,174 ownership deeds (16.3 per cent), the Emirates News Agency (WAM) reported. Al-Majaz 3 tops Sharjah property deals with AED115 million transaction The flexible government policies and supportive legislation have contributed to providing a stable regulatory environment that encourages long-term investment, the report said. Sales occurred across 117 areas throughout Sharjah, involving residential, commercial, industrial, and agricultural properties. The transactions included 785 land plots, 338 tower units, and 292 built-in land deals. Al-Majaz 3 recorded the highest individual transaction, with a built-in land deal worth AED 115 million. The same area also registered the highest mortgage transaction at AED 130 million. Of the 1,312 total sales transactions in Sharjah city, Al-Metraq led with 365 transactions, followed by Muwailih Commercial (156), Tilal (152), and Al-Khan (64). Muwailih Commercial topped the trading value rankings at AED 348.4 million, with Tilal (AED310.6 million), Al-Sajaa Industrial (AED168.4 million), and Al-Majaz 3 (AED136 million) following. The Central Region recorded 66 sales transactions, with Industrial Area 3 accounting for 19 transactions worth AED16.8 million. Khor Fakkan saw 24 sales transactions, with Al-Harai Commercial, Hay Al-Bardi 2, and Hay Al-Luleya recording four transactions each. Hay Al-Bardi 5 led in trading value at AED 4.2 million. In Kalba, 11 sales transactions were recorded, with Al-Tarif 5 leading in both number (5) and value (AED1.3 million). The department noted that population growth and increasing demand have contributed to market diversification, with property developers offering various products to meet different market segments.
Zawya
02-05-2025
- Business
- Zawya
$235mln in real estate trading value in Sharjah's Central, Eastern Regions during Q1
SHARJAH - Sharjah Real Estate Registration Department revealed that the trading value of transactions in the Central and Eastern regions of Sharjah has amounted to AED861.6 million during the first quarter of 2025, achieving a remarkable growth of 159.2% compared to the same period last year. According to the real estate transactions report issued by the department, a total of 6,493 transactions were recorded across its branches. The total number of sales transactions in the Central and Eastern regions amounted to 308 with a total area of 11.3 million square feet, which marked a growth rate of 11.9% compared to the previous year. Omar Al-Mansouri, Director of Branches Department at Sharjah Real Estate Registration Department, stated, 'The real estate in the Central and Eastern regions has achieved remarkable growth and rapid prosperity in recent years, which is due to several strategic factors established by the Sharjah government as part of its comprehensive development vision. The advanced infrastructure projects, the development of road networks, and the expansion of governmental and digital services have contributed to attracting investors and enhancing customers' confidence in these promising areas.' Al-Mansouri added, 'The facilities provided to investors, including legislative and regulatory incentives and the provision of an attractive and safe business environment, have played a major role in stimulating demand for real estate ownership, both for residential and investment purposes. For example, we are witnessing an increasing demand from citizens and residents for real estate ownership in cities like Khor Fakkan, Kalba, Al-Dhaid, and Dibba Al-Hisn, due to their high quality of life, picturesque landscapes, and proximity to major centres.' Regarding future prospects, Al-Mansouri explained, "We expect the real estate growth pace in these two regions to continue, supported by ambitious development plans in line with Sharjah's future vision, which aims to enhance the balance between economic, social, and environmental development and open new horizons for diversified and sustainable real estate investment. We, at the Real Estate Registration Department, remain committed to supporting this trend by providing flexible and smart services that facilitate procedures and expedite real estate transactions for investors, developers, and citizens alike." In detail, Al-Mansouri stated that the trading value in the four branches accounted for 6.6% of the total trading value in Sharjah. In the Central region, the trading value reached AED621.4 million, representing 4.7%, while it reached AED178.8 million in Khor Fakkan, representing 1.4%, AED57.7 million in Kalba, representing 0.4%, and AED3.7 million in Dibba Al-Hisn, representing 0.1% of the total trading value across the branches. The value of mortgage transactions in the Central and Eastern regions has reached AED84.8 million through 118 transactions. These included 47 mortgage transactions in Kalba city, 40 in the Central Region, 28 in Khor Fakkan, and 3 mortgage transactions in Dibba Al-Hisn. Regarding the number of initial sales contracts in the Central and Eastern regions during the first quarter of 2025, they reached 355 contracts, valued at AED504.3 million. The Central Region branch conducted 312 contracts out of the total, while 43 contracts were conducted in Khor Fakkan.
