Sharjah’s real estate stabilising economic growth in the emirate

• Real estate sector a key pillar of Sharjah’s economic diversification strategy
• New projects to entice investors and end users
• First fully walkable, car-free community Al Mamsha announced

At the recently concluded Acres Real Estate Investment Exhibition 2019 at Expo Center Sharjah, Saeed Ghanim Al Suwaidi, the chairman of the Real Estate Sector Business Groups at the Sharjah Chamber of Commerce & Industry, stressed the importance of the real estate sector becoming one of the key pillars of Sharjah’s economic diversification strategy.

The exhibition promotes investing in real estate in the emirate, the UAE and the wider GCC region. The chairman was joined by other dignitaries and government officials in noting the growth of Sharjah’s real estate offerings. Indeed, over the past few years, Sharjah’s real estate sector is leading economic growth and contributing to a balanced share of the emirate’s GDP, according to Abdul Aziz Ahmed Al Shamsi, director general of the Sharjah Real Estate Registration Directorate.

Speaking at the exhibition, Al Shamsi said, “The emirate of Sharjah represents an attractive destination for housing and investment due to its various competitive advantages, including its unique geographical location and availability of all decent life qualities in terms of its advanced infrastructure and outstanding recreational facilities.”

Sharjah continues to offer strong residential property investment opportunities, with its safe and secure environment, and cultural activities attracting residents from across the UAE. Issa Ataya, the managing director of Alef Group, also present at the exhibition, explained that projects like Al Mamsha were attracting the attention of regional and international investors. “An increasing trust among end users, as well as institutional investors, has helped us woo more buyers for the Dh3 billion Al Mamsha development, which is also Sharjah’s first fully walkable community,” he said. The project is a car-free community concept.

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