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Tag Archives: real estate

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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Shurooq, Emaar and Eagle Hills partner for new venture

Sharjah Investment and Development Authority (Shurooq) has partnered with Dubai’s Emaar Properties and Abu Dhabi real-estate developer Eagle Hills to establish Omran Properties, which will develop commercial, industrial and real estate projects in Sharjah and beyond. Sharjah’s real estate market has seen a transformation with the recent construction of large-scale master planned developments and changes to laws allowing foreigners to ...

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Shurooq establishes Omran Properties in Sharjah with partners Emaar and Eagle Hills

Sharjah Investment and Development Authority (Shurooq) has signed a partnership agreement with Emaar Properties and Eagle Hills, an Abu Dhabi-based property developer, to establish a new real estate company in Sharjah called Omran Properties. The aim of the partnership is to boost joint cooperation between the three parties and expand economic investments in the emirate. The MoU was signed by ...

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New Sharjah developments on display at Cityscape

Sharjah developers are promoting thousands of new properties available for purchase at the Middle East’s premier property show, Cityscape Global. The developments take advantage of the changes in Sharjah property law introduced last year allowing more properties to be sold with 100 year leases to non-GCC citizens. Tilal City, a 25 million square foot master-planned residential real estate development announced ...

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Sharjah announces multi-billion dollar coastal development

A multi-billion dollar development called ‘Sharjah Waterfront City’ on Sharjah’s northeast coast is expected to be announced at the region’s premier real estate event, Cityscape Global, next month. According to a report by Sharjah-based Al Khaleej newspaper, the emirate’s largest master-planned mixed-use development project to-date will cover an area of 60 million square feet along 36 kilometers of waterfront. The ...

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Al Zahia properties handed over

Forty-nine homeowners have taken possession of new properties in the US$1.36 billion (AED5 b) Al Zahia mixed-use gated community development in Sharjah. According to the developers, fifty-one homes have been completed, including two show homes, and another 197 units will be built by Q2 2016. Developed by Majid Al Futtaim and owned by the government company Sharjah Holding, the community ...

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US$190m Al Rayyan property development launched

Sharjah-based property company, JMS Property Development and Management, has announced the launch of a mixed use, multi-purpose property development in Sharjah’s popular Al Nadha district. The AED 700 million (US$191 m) development, called Al Rayyan, will include residential, commercial and retail units covering a total of 251,000 square metres (2,700,000 sq. ft.). Designed by architectural firm B&H, Al Rayyan will ...

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US$150m freehold estate project launched

The UAE’s first full-service freehold residential plots have been announced in Sharjah by Shoumous Properties, a joint venture between Albatha Real Estate and Moafaq Al Gaddah (MAG) Group. Unlike the many other freehold residential developments in the United Arab Emirates, the Shoumous Residential Complex will allow investors to build and sell their own homes according to Sharjah’s real estate regulations. ...

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Sharjah home rental rates see 23% growth in 2014

Sharjah residential property rents increased 23 per cent during the first nine months of 2014, according to Cluttons. The real estate consultancy credited ongoing reverse migration from neighbouring Dubai and the rapid expansion of Air Arabia as key factors driving the increase, combined with a limited supply of residential property. Apartment rental prices in the emirate surged 35 per cent ...

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Demand for Sharjah commercial space to rise

According to a new report by international real estate consultancy Cluttons, while Sharjah’s office rental market saw no growth during the July, August, September period, rents are expected to rise during the last quarter of the year due to growing demand for A grade office space. Some prime commercial locations saw a lowering of rental costs during the third quarter. ...

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