The Dubai World Trade Centre played host to the Cityscape Global 2015 exhibition as recently as September this year. Sharjah is starting to be a serious contender in the investment sphere catering to preferences of both local and international investors.
An AED 20 billion contract just got sold to bring Sharjah Waterfront City to life as the city is set to undergo drastic changes, laying out a wide spectrum of opportunities for businesses and investors alike, in addition to taking head on the demand for upscale yet affordable living in Sharjah.
The Tital City project which has a value of AED 2.4 billion was another one showcased at the Cityscape Global 2015 exhibition. This is going to be a first of its kind, unique project that will have 1,855 land plots, offering both UAE residents and GCC nationals the first ever opportunity to purchase or lease a piece of land and build properties in Sharjah.
More on Tital City
The Tital City project is easily among the most exciting developments coming to Sharjah – the city has always been a favorite for families seeking residency in the UAE, including folks from the GCC region, thanks to its sustained celebration of family values and tradition as well as culture. The Tital Properties developer says this project truly is special as it confirms to the highest international standards by combining convenience, aesthetics and modern amenities all in one package.
Initial roadworks have been completed and the very first plots are set to be handed over to owners by next year, as planned. The aim of the developer is to create high quality, sustainable neighborhoods in the city which offer an exceptional quality of life to its occupants, something many real estate companies in Sharjah will also echo.
Waterfront City – Details
The Sharjah Waterfront City will be spanning 36 kilometers of coastline while covering an area of 60 million sq. ft. and comprising 10 islands which are connected by naturally formed canals.
The first phase of the construction has already begun – a 3 million sq. ft. area which is currently underway and given a completion timeline of the third quarter of 2018. This also includes construction of 200 residential and commercial towers, 95 apartment buildingds, service apartments, hotels and a minimum of 1,100 waterfront as well as park-side villas. A shopping mall, water theme park, schools, mosques, entertainment centers and restaurant are included in phase one as well.
Work pertaining to reclamation of land, canals interconnecting the ten islands and piling is complete. Blueprints for roads, utilities and the final infrastructure design have been completed as well.
The Waterfront City project will also include two five-star hotels: The Dusit and Shaza of Kempinsky.
Other Noteworthy Projects
Al Rayyan’s AED 700 million first of a kind mixed-use premium real estate project in the Al Nahda district is nearing 70% completion. It covers 2.7 million sq. ft, offers 504 units and work is proceeding according to schedule on the Sahara 4 and 5 residential towers by Al Thuriah developers. The units in Sahara Towers are up for grabs on a freehold basis to GCC nationals as well as folks having a UAE resident visa.
The demand for real estate in Sharjah has been experiencing exponential growth due to a budgetary increase and improvements in the transportation infrastructure. Many are flooding in to invest and buy property in Sharjah, especially given its security and distinct Arab-Islamic roots.
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