Real estate sector is witnessing steady, stable growth in Sharjah

As part of its tireless and continuous endeavour to support and to stimulate the real estate sector, Sharjah Real Estate Registration Department has announced that 15 different institutions have won the Real Estate Excellence Award, which was launched by the department last February.

The real estate sector is witnessing a steady and stable growth after it overcome the repercussions of the COVID-19 pandemic that affected economic sectors.

The department has celebrated with the attendance of Abdulaziz Ahmed Al Shamsi, Director General of the Department, Marwan Bin Jassim Al Sarkal, the Executive Chairman of Sharjah Investment and Development Authority “Shurooq”, Abdulaziz Al Saleh, Director of the Department, Humaid Al Abbar, the Department’s Advisor, and Sheikh Ahmad Bin Saqr Al Qasimi, Head of the Strategic Planning and Institutional Excellence Office in the Department, in addition to several heads and directors of real estate development companies and offices in the emirate.

During the ceremony, Abdulaziz Ahmed Al Shamsi, Director General of the Department, stated that the real estate sector in Sharjah has recovered quickly after the pandemic, and it has witnessed a great development and growth thanks to the directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and the follow-up of Sheikh Sultan bin Muhammad Bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Executive Council of the Emirate of Sharjah. This is in addition to the set of incentives, facilities, and exemptions provided by the Government of Sharjah, represented by the Executive Council of the Emirate, which contributed significantly to supporting government and private sector entities and institutions, business sectors and individuals, enabling them to overcome the effects of the world pandemic crisis in a manner that ensures the continuity of economic development in various sectors, in addition to investing in the development of infrastructure in Sharjah.

Al Shamsi also explained that the Real Estate Excellence Award is an implementation of the vision of our wise leadership, and a part of a series of measures taken by the department, which in its entirety aims to provide the appropriate conditions to continue the development process, raises the level of competition between companies and institutions operating in this vital sector, and reduces real estate violations. Moreover, it encourages the various companies working in this sector to excel in their work, and to communicate and cooperate continuously with the department, in order to achieve progress and prosperity in the real estate sector in Sharjah.

Sheikh Ahmed bin Saqr Al Qasimi, Head of the Office of Strategic Planning and Institutional Excellence in the Real Estate Registration Department, said the Award is meant to support the position of Sharjah in the real estate market in the region, and to emphasise its solid position as an attractive environment for investors from all over the world. Furthermore, the award enhances the spirit of competition between companies and the various institutions operating in this sector, improves the level of services provided to owners, and builds a stable and secure real estate community distinguished for its progress and prosperity.

Al Qasimi also explained that the award considered the highest standards of accuracy, transparency, and objectivity when it was launched, as the judging committee consists of specialists in the department, in order to ensure the integrity of the results and to honour those who are doing their best for the advancement of this vital sector of the emirate’s economy.

At the end of the ceremony, the winners were honored, and prizes were distributed. In the category of “Real Estate Development Companies”, the award was for Sharjah Investment and Development Authority - Shurooq, Sharjah Sustainable City, and Al Thuraya Real Estate Company. While in the “Real Estate Office Category”, the award went to Salem Ali Al Shamsi Real Estate Office, Al Junaidi Real Estate Office, Sama Sharjah Office, Bizlink Real Estate Office, and Al Tunaiji Real Estate.

As for the award for the “Management Supervision Services Companies Category for Owners Associations”, it was won by Pluto for Management Supervision Services and Al Mudeer Owners Association Management Supervision. Finally, the “Best Owners Association Board of Directors category” was won by the Al Mohannad Tower Board of Directors, La Riviera Tower Owners Association, the Blue Tower Owners Association, the Bu Khamseen Tower Owners Association, and the Asas Tower Owners Association. While