On January 14, 2016, Sharjah opened its doors to a new Dh 250 million used car market called Souq Al Haraj and located at Al Ruqah Al Hamra area. This market was initially located in the Abu Shagara area, which is a residential neighbourhood. Therefore, this move was a relief for the residents of Abu Shagara.
Not only that, the new market for used cars in Sharjah, is also the largest in the MENA region.
The market was inaugurated by His Highness Dr. Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah. It is strategically located between Sharjah Free Zone and the Sharjah International Airport
What was the need for the new market?
The previous market posed a myriad of problems for the residents, including, but not limited to, lack of parking and crowded space.
The situation was also hurting showroom dealers as customers avoided such crowded spaces. Consequently, the opening of the new market was necessary.
What is special about the new Sharjah car market?
Souq Al Haraj, (the new market for used cars for sale in Sharjah) is not an ordinary market. As we mentioned earlier, it is the largest in the MENA region, and we say that without any exaggeration.
The market has more than 400 car showrooms, with each having space for around 24 to 44 used cars in Sharjah. This is in addition to parking space for 5000 visitors. Now imagine yourself how big the market is!
Apart from the showrooms, the market is also peppered with car accessory shops, more than 28 retail shops, including supermarkets, cafes, and restaurants. You will also find money exchanges, insurance centers, and typing centers. There is also a spacious auction hall.
In short, if you are a car fanatic, this market has all you need under one roof. Nothing could get better than this.
Objective of setting up the new Sharjah car market
It wasn’t merely the parking issues and crowded spaces which prompted the shifting of used car market from Abu Shagara to its new location. The Sharjah government had much higher objectives.
Souq Al Haraj was established to support the growing automotive industry in Sharjah. It aims to reinvigorate the image of the emirate as a premier car destination in the entire MENA region and to create a competitive environment for the sale of second-hand cars in UAE.
Generally speaking, people are wary while purchasing second-hand cars as they fear to get their hands on faulty vehicles. Souq Al Haraj aims to allow the public to involve in the automotive trade confidently, it’s related accessories, and all the necessary documentation: all under one roof and the tutelage of the government.
This secure environment will boost the confidence of the public and go a long way towards creating a favorable image of Sharjah in the global automotive industry. This is exactly what the new, used car market aims to achieve.
Souq Al Haraj- A new era in UAE automotive industry
In October 2018, a report titled “UAE Used Car and Auto Classified Market Outlook to 2022 ” was published by Research and Markets. It showed that the market for used car for sale in UAE has grown during the last few years and will continue to expand in the near future.
The report also mentioned that the market for used cars in Sharjah is expected to witness the highest growth in volume sales among all the emirates. The forecast was for a period of 2017-2022.
How Wecashanycar is playing its role in the growth of the used car industry?
Ever since we commenced our operations in 2014, wecashanycar is helping people to sell used cars in Sharjah and other emirates of UAE. Our aim is to simplify the car selling process, by providing all services under one roof, just like what Souq Al Haraj aims to achieve.
We handle the entire process from documentation to vehicle transfer and even clearance of fines. Our car valuation experts make sure that the people get fair value for their vehicles as well as top-notch customer service.
We remain committed to serve the Sharjah (and the overall UAE) automobile community and play our part in the growth of the market. As a result of our continued efforts, we have been receiving a positive response at our Al Mamzar Branch Dubai, which is in close proximity to Sharjah.
Therefore, if you want to sell used cars conveniently, visit our Al Mamzar Branch, Dubai. Our experts will be happy to assist you.
Reach out to wecashanycar for expert advice at 800 WECASH (932274) or visit our website at wecashanycar.com for further information.