Home / Tag Archives: real estate

Tag Archives: real estate

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 »

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 ...

Read More »

New residential property developer formed

KBW Investments (KBW) and Sharjah’s Basma Group (Basma) have announced the formation of ARADA, a new property developer to be focused on mid-market residential properties. ARADA is the third company established by the two partners over the past year, following the formation of construction ventures Klampfer Middle East LLC and Arcadia Middle East LLC in April 2016, both headquartered in ...

Read More »

SAM and Apleona to create new facilities management firm

Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and global facilities management service provider Apleona (formerly Bilfinger Facility Management and Building Services), have signed a joint venture agreement to establish a new world class facilities management company headquartered in Sharjah. Apleona delivers services for the property lifecycle beginning with property investment and covering planning, construction and ...

Read More »

Developer launches final phase of Sahara Complex

Sharjah-based property company Al Thuriah has announced Sahara Tower 6, the final project in its 3.1 million square foot (288,000 sqm.) Sahara Complex on Sharjah’s Al Nahda Street, near to the border with Dubai. The new tower will complete the residential development, which includes 1,348 apartments, plus a variety of services and facilities. The last of six residential towers, the ...

Read More »