Home / Tag Archives: real estate

Tag Archives: real estate

Sharjah real estate transactions up 37%

Sharjah registered a 37.2 percent increase in the value of real estate transactions made in the third quarter of 2017 compared to the same period in 2016, according to new statistics released by Sharjah Real Estate Registration Department (SRERD). A total of 34,304 million square feet of real estate was traded during Q3, with a total value of US$ 2.23 ...

Read More »

ARADA announces new Sharjah $6.5 billion master-planned residential community

ARADA, a property developer formed earlier this year by KBW Investments and Basma Group, has announced plans for a AED 24 billion ($6.5 b) master-planned community called ‘Aljada’ that will cover an estimated 2.2 square kilometres and accommodate up to 70,000 residents. According to ARADA, the new community will be located next to Sharjah University City and is expected to ...

Read More »

Alef Group launches AED 3 billion pedestrian-friendly residential community

Alef Group, a Sharjah-based real estate developer, has launched a new AED 3 billion (US$ 820m) pedestrian-friendly residential development in the city’s Al Juraina area. Announced as Sharjah’s first fully-walkable community and covering an estimated area of 3 million square feet (279,000 sqm.), ‘Al Mamsha’ will offer a variety of modern apartments, from studios through to penthouses with private terraces. ...

Read More »

Sharjah sees 46% increase in real estate sales transactions

Sharjah saw an overall 46 percent increase in the number of real estate sales transactions, according to the latest figures released by Sharjah Real Estate Registration Department. Commercial and residential buyers led Sharjah property sales during H1 2017, supported by the availability of new units as developers completed real estate projects in and around Sharjah city. Overall, Sharjah saw AED ...

Read More »

Sharjah house rental rates rise 12% during first half of 2017

Demand for houses in Sharjah has outperformed expectations with villa rental prices increasing by 11.7 percent during the first six months of 2017, according to global property consultancy Cluttons. The company’s Sharjah Property Market Snapshot for Summer 2017 report shows that average villa rents in Sharjah now stand at about AED 112,000 (c. US$ 30,500) per annum and can be ...

Read More »

Al Thuriah completes handover of Sahara Tower 4

Sharjah-based Al Thuriah Properties has announced the final handover of its AED 295 million (US$ 81m), 33-storey Sahara Tower 4 to home owners. The 3.1 million square foot (288,000 sqm.) mixed-use Sahara Complex on Sharjah’s Al Nahda Street, near to the border with Dubai, will ultimately have six residential towers. Construction of Sahara Towers 1 to 5 is already completed ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »