Three real estate projects worth AED2.7bn launched in Sharjah
19 Jan 2018
SHEIKH Dr. Sultan Bin Mohammed Al Qasimi, Supreme Council member and ruler of Sharjah, unveiled three ground-breaking real estate projects to be developed in Sharjah. Worth a total of AED2.7 billion, the trio of projects are the result of a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, an Abu Dhabi-based private real estate investment and development company.
Shurooq and Eagle Hills will work together in a strategic partnership represented by ‘Eagle Hills Sharjah Development’, a dedicated real estate company that aims to develop the three projects; Maryam Island, Kalba Waterfront and Palace Al Khan. The large-scale projects including high-end hospitality facilities in Sharjah will give a strong boost to the Emirate’s flourishing property sector, setting new benchmarks for housing, hospitality and retail offerings, as well as life >
The announcement was made during a ceremony held at Expo Centre Sharjah in the presence of Sheikha Bodour Bint Sultan Al Qasimi, chairperson of Shurooq, and Mohamed Alabbar, chairman of Eagle Hills, as well as a number of CEOs, directors of government and private corporations, in addition to local and international investors.
Commenting on the launch, Sheikha Bodour said: “Sharjah is witnessing a distinctive boom in its diversified economy which has been attracting various investments from business leaders around the world, making the Emirate a premium investment destination for tourism and trade, thanks to the leadership of Sheikh Dr. Sultan Bin Muhammad Al Qasimi.”
Sheikha Bodour added: “At Shurooq, we dedicate our efforts to working with various government entities in the Emirate to establish the groundwork for promising opportunities for several businesses, and to strengthen our infrastructure in support of both public and private sectors. Today, we are gathered to announce a strategic partnership between Shurooq and Eagle Hills in order to launch three new projects that provide unique residential and leisure opportunities to citizens and residents in Sharjah, thanks to our firm belief in the Emirate’s competencies.”
Sheikha Bodour reiterated her complete trust in the new partnership with Eagle Hills, to introduce a new chapter in Sharjah’s real estate sector, which will translate Sheikh Dr. Sultan’s grand vision to increase investments and economic diversification in the Emirate.
Alabbar said: “To us, Sharjah is a symbol of traditional and national values, representing our roots and Arabic culture. It is a place of tolerance and welcoming hospitality that brings warmth to all its citizens and visitors in alignment with the wise vision of Sheikh Dr. Sultan.”
Alabbar added: “Unveiling such prestigious projects in Sharjah with our partner Shurooq demonstrates our commitment to the sustained development of the Northern Emirates. These three developments will offer the local community a whole new level of living and life