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Tag Archives: construction

Shurooq ups investment in Al Badayer Oasis by AED 15 million

Residents and tourists in the UAE are set to enjoy the ultimate desert experience with an AED 15 million (US$ 4.1m) extension to the Al Badayer Oasis project. A premium leisure development form Sharjah Investment and development Authority (Shurooq), Al Badayer Oasis has announced an expansion to its under-construction facility, with the resort expected to pull in hordes of city-dwellers ...

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Masdar and Bee’ah form waste-to-energy joint venture to build Sharjah plant

Bee’ah, the UAE’s leading environmental management company, and Masdar, Abu Dhabi’s renewable energy company, have formed Emirates Waste to Energy Company (EWEC), a joint venture that will develop waste-to-energy plants across the Middle East. The two companies signed a Memorandum of Understanding (MoU) in January to jointly develop the Middle East’s first waste-to-energy plant in Sharjah. First announced in 2014, ...

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AED 1 billion government housing development launched in Al Sayouh suburb

Designs for a new AED 1-billion (US$ 274m) residential complex to be built in Al Sayouh (Al Suyoh) suburb in Sharjah have been unveiled by the Sheikh Zayed Housing Programme. Located near the Emirates Road and Sharjah-Kalba Road, 25 minutes from Sharjah city centre, the development is one of a number of government housing projects in Al Sayouh. The complex ...

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Strong growth and innovation fuel Sharjah hotel investment and development pipeline

Sharjah’s hotel industry continues to expand across multiple segments of the business, fueled by growth in revenues, the emirate’s economic development and innovation in the local tourism sector. According to Sharjah Investment and Development Authority (Shurooq), which recently launched its own ‘Sharjah Collection’ luxury hotel brand, Sharjah hotel revenues have been growing at 12 percent per annum and are expected ...

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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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