The SCC members touched on the importance of completing the electronic structure of the Sharjah Real Estate Registration Department.WAM
The Sharjah Consultative Council (SCC) has called for reviewing the ownership of granted lands, completing the electronic structure and launching the real estate calculator.
The Sharjah Consultative Council (SCC) discussed rich topics and interventions touching on the competencies of the Sharjah Real Estate Registration Department in the 18th session, as part of its work for the second regular session of the tenth legislative term.
The members’ interventions called for reviewing ownership of lands granted to citizens, whether residential, commercial, industrial or agricultural lands, to ensure the citizen’s utmost benefit from lands.
SCC members also tackled the idea of launching the real estate calculator to give an estimated value of the lands, and all aspects of real estate transactions, to help owners and investors understand the default and estimated value in buying and selling.
The SCC members touched on the importance of completing the electronic structure of the Sharjah Real Estate Registration Department, to electronically cover 100 per cent of its services and to automate its systems.
The meeting was chaired by Ali Mehd Al Suwaidi, Chairman of the SCC, after taking all precautionary measures and physical distancing to ensure safety against the coronavirus.
The meeting was also attended by Abdul Aziz Ahmed Al Shamsi, Director-General of the Real Estate Registration Department; Abdul Aziz Rashid Al Saleh Al Tunaiji, Director of the Department; Counsellor Humaid Ali Al Abbar, Advisor to the department; Ali Rashid Dimas, Director of the Legal Affairs Department; Omar Yaqoub Al Mansouri, Director of the Branches Department, and Salwa Salem Al Mahri Director of the Information Technology Department.
Al Shamsi explained that the cooperation between government departments and institutions with the SCC, contributes to the implementation of the visions and aspirations of the Government of Sharjah, led by His Highness Dr Sheikh Sultan Bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, with the follow-up of Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council, aiming at the welfare of citizens and the nation.
SCC members also discussed the real estate legislation, the creation of a section for public auctions within the organisational structure of the department, and the development of electronic services, as well as the introduction of a real estate training programme.
The Real Estate Registration Department in Sharjah announced recently the conclusion of its campaign, launched in cooperation with Sharjah’s District & Villages Affairs Department, to update landowners’ data in the real estate sector in various areas of Sharjah.
The campaign, which ran from March 28th to 29th May, targeted all real estate owners in Sharjah, including citizens, residents, and investors of various nationalities, and aimed to preserve the rights of landowners and to update their data.
Abdulaziz Ahmed Al Shamsi commended the success of the campaign and praised the great cooperation shown by the District & Villages Affairs Department represented by its chairman, Khamis Bin Salem Al Suwaidi, and all its employees for their full cooperation, harnessing all the capabilities of the department, and for opening the doors of suburban councils in various areas to the landowners throughout the previous period, which at the end resulted in the success of the campaign. Al Shamsi stated that the number of landowners who participated in the campaign reached about 2,100, while the number of property deeds that had been updated reached about 5,000 bonds distributed over the various areas and regions of the emirate.
The real estate sector in the Emirate of Sharjah is growing and as the industry recorded a 5.1 per cent growth in the total real estate transactions concluded over the year 2020, as compared to 2019.
Figures show that 64,459 real estate transactions, worth Dhs15.9 billion, were sealed last year.
The real estate dealings recorded across the emirate last year included 12,248 ownership deeds, 4,644 initial sale transactions, 2,745 mortgage transactions, 39,444 ownership certificate transactions, 765 valuation transactions, and 4,613 other transactions.
Up to 3,773 sales transactions were recorded across the emirate last year, in comparison to 3,328 registered in 2019, constituting growth of 13.4 per cent. These covered a total area of 56 million square feet. Most of these transactions were recorded in Sharjah city with 3,292 valued at Dhs4.6 billion. The transactions covered 100 areas, led by Hoshi and Al Khan that constituted 38.5 per cent of the total sales transactions sealed in Sharjah city.
The areas of Hoshi, Al Khan, Al Nahda, Al Tai, and Al Majaz-3 recorded the highest sales, constituting 60.4 per cent of the total transactions registered in Sharjah City. Most real estate projects were launched in Muwaileh, Hoshi, and Al Tai areas, whereas most residential apartments were recorded in Al Khan, Al Nahda and Al Majaz-3. However, Al Khan area recorded the highest value transactions worth Dhs531 million.
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