According to a report released by the Real Estate Registration Department, Sharjah's real estate market saw several payments estimated at Dhs6.7 billion during the first quarter of 2021, representing an increase of 84.9 % over the first quarter of 2020.

The overall number of sales completed in the last three months hit 20,448 transactions, a 10.3% rise over the same timeframe last year. Furthermore, the emirate's gross traded area reached 60.3 million square feet.

According to Abdulaziz Ahmed Al-Shamsi, Director General of Sharjah's Real Estate Registration Department, the results of real estate sales in the emirate during the first quarter of 2021 are indicative of the sector's gradual recovery. Moreover, investors' trust was restored because of the advantages of the Sharjah government's package of incentives, services, and exemptions proposed in November by the emirate's Executive Council. It has made a major contribution to assisting enterprises and institutions in the government and private sectors, and corporate sectors and individuals, in overcoming the consequences of the Covid-19 crisis in a manner that provides the continuation of economic growth in different sectors.

Al-Shamsi said that the sector benefited from the Sharjah government's decision to reduce purchaser charges for non-Gulf Cooperation Council citizens from 4% to 2% of the selling price, which is comparable to Gulf citizens' investor fees. This policy went into practice in early November of last year, encouraging developers to conduct further real estate transactions in the fourth quarter of 2020 and the first quarter of 2021.

Following a substantial increase in trade activity in certain areas of the emirate, such as Hoshi and Rodhat Al-Qrt, and because of government projects introduced in these areas, ownership was allowed for Arab investors and owners.

The Sharjah government's announcement on initiating and executing many new infrastructure ventures in the cities of the Eastern Province reflected additional funding for reviving the market, with hopes to return to pre-crisis circumstances. In the first quarter of the year, 4,125 buyers from 43 nationalities and countries participated in property transactions in Sharjah. This included 3,214 GCC investors who exchanged 5,771 properties worth Dhs 5.3 billion and 911 international investors who traded 1,036 properties worth Dhs1.4 billion.