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 ...
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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 ...
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 »Jannah Hotels and Resorts announces debut Sharjah property
UAE-based luxury hotel operator and developer, Jannah Hotels and Resorts, has announced a new luxury mixed-use development on Al Khan Lagoon, Ras Al Khor, in Sharjah city. According to the hotel group, the 57 storey property will include a high-end shopping mall, office space, hotel apartments and a new luxury hotel and spa to be called Jannah Al Khan Hotel ...
Read More »Shurooq announces AED 60 million Mleiha Desert Resort development
Sharjah Investment and Development Authority (Shurooq) has grabbed the headlines once again at the Arabian Travel Market (ATM 2017), with the announcement of its “Mleiha Desert Resort”, first five-star desert resort at the heart of Mleiha, and news that it has signed a Memorandum of Understanding with “Al Wanis”, Qatari tourism company established in Sharjah, to develop the AED 60 ...
Read More »Sharjah Holding launches third Al Zahia neighbourhood
Sharjah Holding has launched a third neighbourhood in its AED 5.5 billion ($1.5b) Al Zahia mixed-use gated community development. The new Al Lilac neighbourhood will be one of seven in Al Zahia and will consist of 120 residential units. About 2,270 homes are expected to be built in the 14 million square foot master-planned development by 2022. Developed by Majid ...
Read More »Phase II of Heart of Sharjah project on schedule
Sharjah Investment and Development Authority (Shurooq) has announced that progress on the second phase of the “Heart of Sharjah” development, one of the largest heritage and tourism projects in the region, is right on schedule. The announcement from Shurooq coincides with the hosting of two major heritage events in Sharjah, Sharjah Biennial 2017, which commenced on 10th March and runs until ...
Read More »Omran Properties announces AED 2.47 billion of Sharjah projects
As part of a massive investment drive, Sharjah-based Omran Properties is to launch three real-estate projects in the emirate worth AED 2.47 billion (US$ 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 »Ahalia Medical Group to open hospital in Sharjah Healthcare City
UAE-based Ahalia Medical Group has signed an agreement with Sharjah Healthcare City (SHCC) to open a 100-bed general hospital. The new development is expected to be the first hospital to be established in the free zone. According to the SHCC administration, a number of enquiries have also been registered from overseas hospitals and medical groups interested in establishing operations in Healthcare ...
Read More »Shurooq and Khorfakkan City forge ahead with major projects
Sharjah Investment and Development Authority (Shurooq) and Khorfakkan Municipality are to accelerate their plans for substantial new tourist destinations, broadening Shurooq’s portfolio and adding to Khorfakkan’s domestic and overseas hospitality and tourism appeal. In a high-level meeting with H.E. Marwan Bin Jassim Al Sarkal, CEO, Shurooq, H.E. Fawzia Rashid Al Qadi, Director-General of Khorfakkan City Municipality, reaffirmed the municipality’s full ...
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