Sharjah: Foreign investment increases by 22% in H1 2024
Investors from 100 different nationalities contributed to Sharjah's real estate sector's exceptional growth
Sharjah: Sharjah has attracted investments from 100 different foreign nationalities in the first half of 2024, reflecting a significant growth rate of 22% compared to the previous year. This was announced by His Excellency Abdulaziz Ahmed Al-Shamsi, Director General of Sharjah Real Estate Registration Department.
During the first half of this year, 5,914 properties were traded by foreign investors in Sharjah, representing a remarkable growth rate of 84.6%. The total number of foreign investors reached 5,422, an increase of 74.4%, with their total cash trading volume hitting AED 8.3 billion—an increase of 115% from the same period last year.
Government initiatives drive growth
Al-Shamsi attributed this success to Sharjah’s attractive investment environment and the government’s proactive approach to foreign investment.
Over 20 real estate projects now allow foreign ownership, contributing to the growing number of international investors.
Focus on smart solutions
The “Sharjah Investment Forum,” themed 'A Futuristic Vision for Smart Economies,' is key to showcasing the smart investment environment in the UAE, especially in Sharjah.
The forum aims to attract innovative projects that diversify and strengthen the economy. Al-Shamsi highlighted how the department uses new data and technology to solve investor challenges by focusing on electronic transformation and automation, providing modern services that make investing in Sharjah easier and more appealing.