Sharjah has approved a budget of Dh22 billion for the fiscal year with 24 per cent dedicated to the development of infrastructure, a move that supports on-going programs, particularly – Tilal City. The monumental project will be featured at the Acres Real Estate Exhibition from March 21st to the 23rd at Expo Center Sharjah.
Spread over an area of 25 million square feet in Sharjah, Tilal City is located on the Emirates Road(E-611), close to Dubai which is been developed by Tilal Properties. Tilal Properties is a joint venture between the emirate’s investment arm, Sharjah Asset Management, and Eskan Real Estate Development.
Following the sale success of Zone, A and C at Tilal City, Tilal Properties have announced the sales launch for Zone B and D at the mixed-use community in Sharjah., Tilal City comprises of 1850 land plots and is the first opportunity for all nationalities UAE residents to buy land and develop properties in Sharjah. Thus far, Zone A and C have been made available to buyers and have sold 80 and 85 per cent, respectively. It is noted that the Emirati, GCC and Arab nationals, whereas also non-Arab resident expatriates which includes SEVERAL ASIAN NATIONALITES have bought land at the mixed-use community.
Reports suggest that the number of the real estate properties owned by GCC and Arab nationals in Sharjah is due to the emirate’s safe reputation and lucrative opportunities available for investment. The buyers will have an opportunity to buy plots? ??in all zones including A, B, C and D which comprise of buildings G+3, G+4, G+5 & G+1 villa, where the plots ?are ?ready with complete infrastructure with a flexible in-house payment plan up to 36 months and 10 years finance plan from Sharjah Islamic Bank.
“Since the launch of Zone, A and C, we have received huge number of buyers for our mixed-use community. The demand exceeded our expectations, and we are confident that Zone B and D will witness a higher turnout, as investors are now fully aware of the potential features that the project offers. Investors will have an opportunity to pay the amount in intervals which will not only lower the commercial pressure, but also guarantee security of the project,” said KHALIFA SHAIBANI , DIRECTOR GENERAL of Tilal Properties.
Tilal City is divided into four major zones, consisting of neighborhoods and residential clusters, which will offer affordable homes for residents while including commercial, office and retail space. The residential developments will be surrounded by a fifth zone, which will contain a shopping mall, central recreational park and a 5-star hotel. Of the development’s total area, 13 million square feet will be used for property sales and 12 million square feet is set for public facilities, roads and parks.
The master developer Tilal properties and since they have a high demand for commercial and residential plots as well as for ready constructed buildings, they have already built 9 buildings and in the process to build 33 residential buildings and 2 community centers. Nevertheless, to mention that in Tilal city there is no maintenance fees or community charges, which will offer a higher return of investment for any investor within the project.
The development has been carefully designed to create an environment where residents can live, work and prosper. At the heart of the scheme will be an exclusive Shopping Mall and a five-star hotel, situated on the Emirates Road. The upscale retail destination will be surrounded by a central garden that is connected to the whole development, offering residents and visitors vibrant and green public corridors lined with shops, restaurants and cafes.
Expert advice on purchasing or leasing office space in Bbay
40+ office buildings to choose from. Inquire now.