UAE: Sharjah slashes property registration fee during real estate exhibition

Investors and end-users looking to buy and sell properties in Sharjah will get a 50 per cent discount on government fees during the Sharjah Real Estate Exhibition – Acres 2025.

Saeed Ghanem Al Suwaidi, chairman of the Representative Committee of the Real Estate Sector Business Group at the Sharjah Chamber of Commerce and Industry (SCCI), said buyers and sellers will pay only two per cent instead of four per cent registration and transaction fee during the exhibition, which will run from January 22 to 25 at Sharjah Expo Centre.

He added that the exhibition is expanding every year due to the regulations around freehold and a 50 per cent discount in registration fees for buying and selling of properties during the four-day exhibition.

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“These kinds of offers attract new investors, end-users and exhibitors. Sharjah has seen launches of so many new projects by Arada, Alif, IFA and others that didn’t exist before. Demand has also increased after freehold was introduced in Sharjah a few years ago,” said Al Suwaidi.

Jamal Al Shawish, head of sales and marketing at IFA Hotels and Resorts, said the Sharjah Executive Council’s (SEC) decision to reduce the sale and purchase fees for transactions that will be executed at Acres 2025 will play a pivotal role in encouraging more companies to invest in Sharjah.

Abdulaziz Rashid Al Saleh, Director of the Sharjah Real Estate Registration Department (SRERD), revealed that the previous edition of the exhibition witnessed a significant increase in the number of registered transactions, with the value of real estate deals recorded during the exhibition exceeding Dh1.4 billion.

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