Sharjah’s real estate sector records considerable growth

Abdulaziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Department, said that Sharjah’s real estate sector is seeing considerable growth, thanks to the great support shown by His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah.

In his statement to the Emirates News Agency (WAM), Al Shamsi noted that the first quarter of 2022 saw transactions worth over Dhs6 billion, which is a good indicator of business returns. He added that projections indicate this activity to continue at the same pace, which would ensure the sector’s stability.

“We see this as an indicator of a recovery from crises, due to the economic incentives launched by the federal and local governments,” he stressed, affirming that the emirate is currently witnessing the launch of related commercial, industrial and residential projects in various cities.

Asked about the locations of these projects, he explained that residential and commercial regions in the emirate are the most attractive, most notably Muwailih, Al Khan and Rawdat Al Kurt on Khor Fakkan Road, and Al Majaz 3 and Al-Sajaa, as well as Al Tayeb 2 in the Central Region, Al Haray in Khor Fakkan, and Kalbaa in the Eastern Region, with investors from 56 nationalities having invested in the emirate over the past year.

Al Shamsi also highlighted the importance of the Acres real estate exhibition, which the Sharjah Real Estate Registration Department organises annually in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI), to attract investors and showcase the potential of Sharjah’s real estate sector.

Al Shamsi said there are 345 real estate offices in the emirate. The department has launched several smart digital services to serve real estate investors and developers in Sharjah, which utilise the latest tech solutions, including the E-Developer online platform.

Sharjah Chamber of Commerce & Industry (SCCI) launched the new annual Sharjah Excellence Award 2022 cycle, held under the patronage of Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, reflecting the SCCI’s efforts to develop Sharjah’s investment environment and enhance the competitiveness of the UAE and Gulf business communities, enabling them to benefit from quality, leadership, and innovation values.

The Sharjah Excellence Award Board of Trustees recently announced that registration for the new edition is now available on the award’s website, SHJSEEN (www.shjseen.ae).

The program consists of nine awards categories including Sharjah Gulf Excellence Award, Sharjah Gulf Localization Award, Sharjah Excellence Award, Sharjah Small & Medium Enterprises Award, Sharjah Entrepreneurs Award, Sharjah Green Award, Sharjah Social Responsibility Award, Sharjah Best Security Standards Award and Sharjah Entrepreneurs with Disability Award.

An induction seminar is scheduled be conducted in June to highlight the Award criteria, categories, and participation paradigm, as well as to organize local and Gulf orientation field trips.

The awards program comes as part of the SCCI‘s initiatives and plans to help enhance the business sector. Its aims to highlight and reward successful private institutions on a local and regional level, continue improving best practices and experience in the awarded fields, encourage others to participate in such competitions, and to benefit Sharjah’s economy in all sectors by promoting sustainable economic growth.

Abdullah Sultan Al Owais, Chairman of the SCCI, emphasized the Chamber’s commitment to organizing the Sharjah Excellence Award on an annual basis. He noted that SCCI is constantly eager to expand the award’s criteria and categories in order to promote positive competition among participating economic enterprises and to foster an innovative, creative, and productive environment.

Al Owais also underlined the award’s contributions to shed light on inspiring success stories and role models. The Sharjah Excellence Award had only one category in 1990, with 20 participants, whereas it presently includes nine categories, with 599 participants, that also comprises 509 residents, 70 specialized arbitrators, as well as over 59 events and workshops.

Moreover, Mohammed Ahmed Amin Al Awadi, Director-General, SCCI, praised the Sharjah Excellence Award’s impact in strengthening Sharjah’s culture, organizational excellence, and innovation by utilizing global best practices of promoting and celebrating all business sectors and creating a positive competitive environment in the emirate.

Furthermore, he emphasized its significant role in improving the performance of economic institutions and supporting the UAE government’s goals and aspirations for enhancing the country’s position as a major investment and growth destination in the region.