PHOTO
Sharjah: The management for Souq Al Haraj for Cars in Sharjah, affiliated to Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, has announced that the licensing and vehicle registration centre has completed 17,083 transactions during the first quarter of the year. This is an increase of approximately 3000 transactions from the same period in 2020, when 14,042 transactions were made. The transactions were distributed between registration, ownership transfer, possession, export, and sale and purchase.
Souq Al Haraj for Cars, which witnessed a 99% occupancy rate during the first quarter of this year, is witnessing a distinctive global platform for car trade, and is a major destination for the sale and purchase of cars in Sharjah.
Saeed Matar Al Suwaidi, Manager of Souq Al Haraj said, "We are extremely pleased to see the recorded 30% increase in registering, transferring ownership, possessing, exporting, and selling and buying transactions for the first quarter of 2021. These figures show the vitality of the movement and demand for the market, as well as our commitment to all precautionary and preventative measures to ensure the health and safety of all.”
He pointed out that Souq Al Haraj, which is considered the most prominent destination for dealers, shoppers, and car enthusiasts in the UAE, is a one stop destination for everything related to the automobile world. The market offers international brands in used and new cars that fit the budget of every consumer and provides various services and facilities all under one roof.
Al Suwaidi continued, “Souq Al Haraj aims to redefine the standards of the automotive world using a framework of transparency, and to create a competitive environment that benefits both the seller and the buyer. Souq Al Haraj is a single destination that provides an atmosphere of comfort, value, trust, and diversity, which supports the car trade sector and contributes to the economic movement in Sharjah.”
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
