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Tag Archives: construction

Uptake of Nasma Residences Phase 1 confirms mid-market demand

Nasma Residences Phase 1 has sold out less than a month after launch, confirming investor-demand for mid-market residential properties in Sharjah. Advertised by the developer, ARADA, as offering ‘aspirational yet accessible living in an urban setting’, the new master-planned residential community was announced in mid-March with residential units starting at AED 995,000 (US$ 271,000). Nasma Residences is scheduled for completion ...

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Jannah Hotels and Resorts announces debut Sharjah property

UAE-based luxury hotel operator and developer, Jannah Hotels and Resorts, has announced a new luxury mixed-use development on Al Khan Lagoon, Ras Al Khor, in Sharjah city. According to the hotel group, the 57 storey property will include a high-end shopping mall, office space, hotel apartments and a new luxury hotel and spa to be called Jannah Al Khan Hotel ...

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Shurooq announces AED 60 million Mleiha Desert Resort development

Sharjah Investment and Development Authority (Shurooq) has grabbed the headlines once again at the Arabian Travel Market (ATM 2017), with the announcement of its “Mleiha Desert Resort”, first five-star desert resort at the heart of Mleiha, and news that it has signed a Memorandum of Understanding with “Al Wanis”, Qatari tourism company established in Sharjah, to develop the AED 60 ...

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Sharjah Holding launches third Al Zahia neighbourhood

Sharjah Holding has launched a third neighbourhood in its AED 5.5 billion ($1.5b) Al Zahia mixed-use gated community development. The new Al Lilac neighbourhood will be one of seven in Al Zahia and will consist of 120 residential units. About 2,270 homes are expected to be built in the 14 million square foot master-planned development by 2022. Developed by Majid ...

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Phase II of Heart of Sharjah project on schedule

Sharjah Investment and Development Authority (Shurooq) has announced that progress on the second phase of the “Heart of Sharjah” development, one of the largest heritage and tourism projects in the region, is right on schedule. The announcement from Shurooq coincides with the hosting of two major heritage events in Sharjah, Sharjah Biennial 2017, which commenced on 10th March and runs until ...

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Omran Properties announces AED 2.47 billion of Sharjah projects

As part of a massive investment drive, Sharjah-based Omran Properties is to launch three real-estate projects in the emirate worth AED 2.47 billion (US$ 0.7b). The unprecedented developments, the first Omran have made in Sharjah, bring new residential, retail, commercial and hospitality opportunities to Sharjah’s existing and potential investors. The company, established in 2016 through a strategic partnership between Sharjah ...

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Ahalia Medical Group to open hospital in Sharjah Healthcare City

UAE-based Ahalia Medical Group has signed an agreement with Sharjah Healthcare City (SHCC) to open a 100-bed general hospital. The new development is expected to be the first hospital to be established in the free zone. According to the SHCC administration, a number of enquiries have also been registered from overseas hospitals and medical groups interested in establishing operations in Healthcare ...

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Shurooq and Khorfakkan City forge ahead with major projects

Sharjah Investment and Development Authority (Shurooq) and Khorfakkan Municipality are to accelerate their plans for substantial new tourist destinations, broadening Shurooq’s portfolio and adding to Khorfakkan’s domestic and overseas hospitality and tourism appeal. In a high-level meeting with H.E. Marwan Bin Jassim Al Sarkal, CEO, Shurooq, H.E. Fawzia Rashid Al Qadi, Director-General of Khorfakkan City Municipality, reaffirmed the municipality’s full ...

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ARADA unveils its first master-planned residential community

ARADA, a new mid-market property developer recently announced by KBW Investments and Basma Group, has launched Nasma Residences, a new master-planned residential community in Sharjah focused on ‘aspirational yet accessible living in an urban setting’. Located at the heart of one of Sharjah’s most dynamic residential and mixed-use residential areas, the company expects to complete the 5 million square foot development ...

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Sharjah airport expansion project approved

The Government of Sharjah has approved the US$400 million (AED 1.46b) budget for the expansion of Sharjah International Airport, according to MEED (Middle East Economic Digest), quoting Adel Abdullah Ali, Air Arabia’s Chief Executive Officer. According to the airline CEO, the expansion project is expected to begin this summer and will increase airport capacity from 8 to 18 million passengers ...

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