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Tag Archives: real estate

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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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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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 ...

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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 ...

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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 ...

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80% of Sharjah Investment Center plots sold

Sharjah Investment Center (SIC), a new 32 million square foot mixed-use industrial development in Sharjah, has sold 80 percent of the plots in its first two development phases to-date, according to Saudi property developer SNASCO. The project, which is a joint venture between SNASCO and UAE investors, has sold 350 plots out of the 15 million sq. ft. area allocated ...

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Shurooq highlights growth of real estate sector at MEIS 2016

The government role in supporting and growing Sharjah’s real-estate sector was a key topic under discussion at the Middle East Investment Summit (MEIS) 2016, which ran from May 2-3 at the Ritz-Carlton, Dubai International Financial Centre, Dubai. The subject was one highlighted by Sharjah Investment and Development Authority (Shurooq), who is the Gold Sponsor at MEIS 2016, with the government ...

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Sharjah’s Tilal Properties eyes AED 3 billion of real estate projects

Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, is studying plans for two new real estate developments in Sharjah worth an estimated AED 3 billion (US$822m), according to media reports. The company is also considering projects elsewhere in the region, including possible projects in Saudi Arabia. The new Sharjah projects in consideration are, reportedly, ...

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New AED 210 million Sharjah retail complex to open April 2017

A new 37,000 square metre shopping mall is being built near to Sharjah International Airport by Alef Group, a Sharjah-based real estate developer. The company has announced that it has awarded the construction contract for the AED 210 million (US$ 57m) retail complex to UAE contractor Omis Contracting and that it expected the complex to open in April 2017. Branded ...

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Sharjah Waterfront CIty third largest mixed-use project in GCC

Sharjah Waterfront City, a multi-billion dollar development on Sharjah’s northeast coast announced at Cityscape Global last September, has been listed as the third largest mixed-use project in the Gulf by MEConstructionNews.com. The AED 20 billion (US$ 5.4b) project, being developed by Sharjah Oasis Real Estate Development, is Sharjah’s largest master-planned mixed-use development project to-date and will be built over 10 ...

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