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DUBAI / WAM
Sharjah Investment and Development Authority, Shurooq, highlighted growth of Sharjah’s Real Estate Sector at Middle East Investment Summit (MEIS) 2016, held at Dubai International Financial Centre.
Among the statistics being highlighted by Shurooq at MEIS 2016 were 2014 figures that revealed a 20% growth in Sharjah’s real estate market transactions when compared to 2013, with total revenue from the market growing 57% over the same period. It was also revealed that Sharjah’s real estate sector had successfully developed approximately 84.5mn square metres in land space, leading to the establishment of than 60 unique real-estate projects and more than 46 real estate brokers.
Shurooq’s CEO, Marwan Bin Jassim Al Sarkal, explained the strong performance of the sector was the result of Sharjah’s inherent attractive attributes for real estate investment.