Sharjah moves to reduce fees for sale and purchase of property transactions, a move seen to enhance attraction of the emirate’s real estate sector in international investors.
The decision on the fee reduction, approved by the Sharjah Executive Council (SEC), was conveyed by Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the SEC, to the organizers of the forthcoming real estate exhibition ACRES.
SEC’s decision includes a 0.5 percent reduction in selling fees for developers and discounts on purchase fees; one percent for UAE and GCC citizens and 2 percent for other nationalities.
The move is expected to boost sales, attract investors, and elevate Sharjah’s real estate market.
The Organising Committee of the Sharjah Real Estate Exhibition said the decision to reduce property transaction fees will significantly enhance the emirate’s real estate sector.
This will lead to further strengthening of Sharjah’s position as a leading real estate investment destination, it said.
Organised by the Sharjah Chamber of Commerce and Industry in collaboration with the Sharjah Real Estate Registration Department, the event will run from 22 to 25 January 2025, at Expo Centre Sharjah.
It will feature a range of developers and investment companies, showcasing groundbreaking projects and offering exclusive deals.
The exhibition will also introduce pioneering projects and trends, further cementing Sharjah’s role as a global real estate hub.
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