August 15, 2022

Dubai Week

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6% increase in rental contracts in the first half

6% increase in rental contracts in the first half

Sharjah City Municipality announced that the percentage of rental contracts in Sharjah City increased by 6% in the first half of this year compared to the first half of last year.Tourism, Investment and Residential.

Ali Ahmad Abu Ghazian, Director of the Municipality’s Rent Regulation Department, confirmed that 166,199 lease contracts of all types, including 133,531 housing contracts, 32,593 commercial contracts and 75 investment contracts, were approved in the first half of this year. The growth rate and increase in contracts, rents in Sharjah City, and the municipality’s interest in providing all facilities to customers and relying on digital transformation in providing services, contributed to the completion of a huge number of transactions. Registration time.

Abu Ghazian explained that the lease agreement is an official document approved by the municipality and authorized to regulate the relationship between the parties to the relationship of landlord and tenant. The City of Sharjah and the Municipality are always keen to inform the public of the importance of ratifying this agreement so that if it is not ratified it will not be considered official.

The Director of Rent Regulation Department pointed out that the rental contract attestation service is available on the website of the municipality and has become the customer’s option for attestation and it is easily and easily accomplished by following the necessary steps and filling. Contracts can also be certified through 12 external service centers that provide various services related to completion of necessary data and service, certification of rental contracts, issuance of permission certificates and regulation of relationship between landlord and tenant.

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