new developer pumps dh2b plus into sharjah projects
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

New developer pumps Dh2b plus into Sharjah projects

Arab Today, arab today

Arab Today, arab today New developer pumps Dh2b plus into Sharjah projects

Al Khan Village Resort
DUBAI - Arab Today

Sharjah’s property market is seeing the big investment plays coming through. A three-way alliance involving the Sharjah Government entity Shurooq, Dubai’s Emaar Properties and Eagle Hills is to oversee three projects with a combined value of Dh2.47 billion.

The largest of these will be a Dh2.26 billion “Maryam Island”, a mixed-use development located between Al Khan Lagoon and Al Mamzar peninsula.

The other projects from Omran Properties — the name of the new venture — are the Al Khan Village Resort, a five-star hotel costing Dh120.6 million, and Kalba Waterfront Mall in the Eastern region of the emirate and a development cost of Dh106 million. The land area is around 364,000 square meters and with a leasable retail area of 18,581 square meters.

“With the vital collaboration between government and the private sector, the emirate becomes an even more attractive proposition for domestic and foreign investors,” Shaikha Bodour Bint Sultan Al Qasimi, Chairperson of Shurooq and Chairperson at Omran Properties, said in a statement. “These projects are a barometer of the confidence in Sharjah and an indication of its long-term success.

“The huge projects unveiled by Omran Properties are the first in a series in different sectors that will play a crucial role in changing the investment and real estate sphere in Sharjah.”

The Kalba Waterfront Mall will be located at the centre of the development area in the Kalba ecotourism project, overlooking a lagoon lined by mangroves. The mall is to provide a leasable retail area of 11,204 square meters and is due to open in the third quarter of 2019.

Mohammad Alabbar, Chairman of Emaar and of Eagle Hills, stated: “As Sharjah’s property sector grows, we see a progressive trend towards mid- and high-end real estate, creating a more niche market that meets the requirements of discerning investors. Economically and geographically, Sharjah serves a highly appealing investment destination.”

Emaar will act as “development manager” for the projects.

The Al Khan Village Resort is part of a re-construction of the Al Khan fishing village. The hospitality destination, with a total area of 66,302 square meters, is expected to open in the third quarter of 2019.

According to Marwan Bin Jassem Al Sarkal, CEO of Shurooq, “Sharjah’s economy is full of unique opportunities and real estate has proven to be one of the biggest and most promising sectors in Sharjah’s economic growth

source : gulfnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new developer pumps dh2b plus into sharjah projects new developer pumps dh2b plus into sharjah projects

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new developer pumps dh2b plus into sharjah projects new developer pumps dh2b plus into sharjah projects

 



GMT 21:16 2016 Monday ,27 June

Zaki Badr discusses cleaning problem in Giza

GMT 21:46 2017 Saturday ,14 January

Turkey arrests 60 businessmen for alleged Gulen ties

GMT 22:38 2017 Friday ,24 March

Abbas meets with Merkel in Berlin

GMT 09:02 2017 Monday ,27 March

Tunisian Premier Concludes Visit to Sudan

GMT 15:54 2017 Friday ,01 September

Attorney General Directs Prosecutors to inspect Prison

GMT 09:22 2017 Sunday ,31 December

HM King condoles with Afghanistan President

GMT 10:12 2016 Wednesday ,06 April

Strong dollar, mild weather shrink H&M profits

GMT 17:03 2016 Saturday ,24 December

7 police killed in attacks in Afghansitan

GMT 13:51 2017 Friday ,17 March

Israel denies Syria shot down a warplane

GMT 04:08 2017 Thursday ,05 January

Carbon tax can fund clean energy transition

GMT 19:27 2016 Wednesday ,14 September

Alstom to go ahead with plans to shut down Belfort plant

GMT 01:44 2017 Friday ,15 December

Mennat-Allah underlines importance of landscapes

GMT 04:57 2017 Thursday ,14 December

Trump tells NASA to send Americans to Moon

GMT 21:43 2017 Wednesday ,11 October

Qabil discusses with Swiss delegation improving power

GMT 21:06 2017 Sunday ,17 September

OIC condemns suicide attack in Kabul

GMT 08:27 2017 Thursday ,27 April

Nokia reports another loss as networks sag

GMT 19:41 2017 Monday ,06 February

Elina Svitolina Claims Taiwan Open Title

GMT 09:39 2017 Friday ,03 February

Former Brazilian president Lula's wife dies of stroke
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday