Prices at Sharjah’s premier community start from AED 550 per square foot
Investors can avail of a post-handover payment plan with savings of up to 8% and free service charges for 4 years
Sharjah, May 23 2019
Sharjah Holding PJSC, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, announced that Al Zahia is launching a Ramadan campaign in celebration of its recent milestone. More than 1,200 homes at Sharjah’s premier lifestyle destination have been sold to date, which reflects the market’s demand for homes and communities that are exclusive and sustainable.
The Ramadan campaign includes prices that start from AED 550 per square foot and savings of up to 8% on homes that are finished to the highest standards. Buyers can also move in now and benefit from a generous post-handover plan and four years of free service charges. As part of its commitment to providing world-class asset management services to investors and stakeholders, Al Zahia also offers resale and leasing services.
Shadi Al Azzeh, Al Zahia Project Head at Majid Al Futtaim Properties, said, “Sharjah’s premier lifestyle destination, Al Zahia continues to grow for the benefit of its residents and Sharjah’s economy, by continuously raising the bar for high quality living in the emirate. In line with our firm commitment to Sharjah and its investors, we customise payment plans based on our in-depth knowledge of market dynamics and the needs of our future home-owners. We are also witnessing a strong demand for investor products prior to the opening of City Centre Al Zahia, which is expected to drastically increase demand for rentals with estimated yields of up to 8%.”
A new epicentre of growth strategically located in the heart of New Sharjah, Al Zahia will be home to more than 12,000 residents in villas, townhouses and apartments with leisure facilities and prime retail offerings, upon completion in 2023. The community’s 2,270 exclusive homes are being released progressively to meet market requirements, and the 750 families who are already in residence enjoy open air markets, meditation and fitness classes and VOX Cinema movie nights in the park. A pedestrian bridge in Al Zahia will provide a direct connection to City Centre Al Zahia – a super-regional mall and the biggest City Centre in the Northern Emirates – which is set to open in 2020.
Walid Al Hashimi, Sharjah Holding’s Chief Executive Officer, stated, “Widely recognised as a centre for culture, heritage and education, Sharjah is also a hub for investment. Sharjah Holding is committed to developing landmark community projects that enhance well-being and economic growth while preserving the emirate’s cultural identity, and Al Zahia is expected to contribute AED 5.5 billion to the local economy. An investment in Al Zahia is an investment in a prosperous future.”
One of MENA’s most diversified economies, Sharjah’s credit ratings underline its status as an ideal destination for investment and business. Centrally located between Europe and East Asia, the emirate provides advanced infrastructure and easy access to international airports and ports in a nation with a stable business environment.