Souq Al Haraj in Sharjah posts 99% occupancy rate

Souq Al Haraj for Cars, a project for the sale and purchase of cars launched by Sharjah Asset Management, said that its occupancy rate has remained at 99%, despite the circumstances experienced by the global pandemic.

"Despite the global pandemic, achieving a 99 percent rental rate for exhibitions demonstrates the strength and growth of Sharjah’s automotive trade sector,” Majid Al Mualla, Manager of Souq Al Haraj was quoted as saying in a Wam report.

Al Mualla stressed that the implementation of precautionary measures and proactive plans and strategies developed by the company’s management has contributed to overcoming the economic recession caused by the pandemic.

"We have seen a shift towards the use of digital and technological platforms in recent months. We drove the use of our website and smart applications, as well as social media, to ensure business continuity and customer satisfaction," he added.

Al Mualla noted that the leadership of the Government of Sharjah has contributed to building a competitive economy for the emirate, by applying the best investment practices to increase the returns on investments and asset management activities. The heavy focus on the role of community responsibility has also been a vital contributing factor.

Souq Al Haraj for Cars covers an area of more than 420,000 sq m and includes more than 415 exhibitions and 70 stores for car care services and accessories. There are nearly 20,000 exhibition parking spaces, 5,000 visitor and market-goer seating spaces, and dedicated car storage spaces.