H1 2023 Market Results – Sharjah

H1 2023 Real Estate Market Results – Sharjah

According to the Real Estate Registration Department, the following were registered:

• 40,843 real estate transactions of $3.6 billion, an increase by 19.2% compared to H1 2022
• 4,187 sales transactions worth $1.6 billion. 3,794 amounting to $1.5 billion – in the city of Sharjah

Investors from 88 countries engaged in deals. TOP 5 by the number of purchased properties:

1. UAE (10,877)
2. Syria (633)
3. India (473)
4. Saudi Arabia (302)
5. Jordan (282)

Leading ratings agencies, Fitch, Moody's and S&P Global have upgraded the credit ratings of Emaar

• Fitch and S&P Global – from BBB- to BBB
• Moody's – from Baa3 to Baa2

It shows the confidence in the financial prospects of the developer.

Azizi Developments has sold 70% of units in its residential complex in Dubai

– Al Furjan

Launched in February 2023, PEARL features 260 units: 192 studios, 54 one- and 14 two-bedroom apartments.