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Tilal City mall expected to open in 2019

Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, has revealed details of Tilal Mall, the central retail and entertainment complex of the AED 2.4 billion (US$ 653m) Tilal City. According to the developer, the new mall will cover a gross area of about 2 million square meters (21.5 million sq. ft.), making it Sharjah’s ...

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AED 2 billion Tilal City launched

Tilal Properties, a new joint venture between Sharjah Asset Management and Eskan Real Estate Development, has announced Tilal City, a 25 million square feet mixed-use community strategically located near the Emirates Road (E611), just 10 kilometres from Sharjah’s International Airport. The AED 2 billion (US$ 540 million) real estate development will include some 2,000 residential plots, offices, retail stores, open ...

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ARADA introduces the Bareem Townhouses at Nasma Residences, as Phase 4 sales get under way

ARADA is launching Phase 4 of the UAE developer’s record-breaking Sharjah community, Nasma Residences, following exceptional sales in the project’s earlier phases The release of 302 units in Phase 4 will also include the launch of the Bareem Townhouses, a stylish collection of two- and three-bedroom homes created for couples and young families. The Bareem Townhouses will be launched at ...

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Sharjah’s achievements set stage for further economic growth

Improving oil prices, narrowing deficits and continued public spending are expected to support economic growth averaging 2.5 percent across the GCC next year, according to Moody’s Investors Services, while the credit agency predicts 2.7 percent real GDP growth for Sharjah in 2018. In Sharjah’s case, a wide range of achievements have helped it maintain stability in the face of regional ...

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Plans for Sharjah’s second DoubleTree by Hilton unveiled

Hilton and Tilal Properties, developers of Tilal City and Tilal Mall, have unveiled plans for the DoubleTree by Hilton Sharjah Tilal Mall, the second Doubletree-branded property in Sharjah to be announced by Hilton this year. Announced during a signing ceremony at Cityscape Global 2017 in Dubai this week, the new property will be built adjacent to Tilal Mall and is ...

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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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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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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 ...

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