Interview:Ahmed Alkhoshaibi In what ways are real estate developers pursuing differentiated residential projects or aligning their products with the needs of target markets? AHMED ALKHOSHAIBI: Similar to the importance of diversification to Sharjah’s economy, a wide range of products for end users and investors is key for developers. For instance, Nest at the Aljada mega-project is a first-ofits-kind…
As it seeks to capitalise on the innovative opportunities presented by the Fourth Industrial Revolution, Sharjah benefits from developed transport and logistics infrastructure, access to the Gulf and the Gulf of Oman, and a well-connected international airport. A number of initiatives aimed at developing the economy and encouraging investment inflows have been implemented over the past decade. Sha
Interview:Raymond Khouzami How will the demand for mid-market properties drive growth in Sharjah’s real estate sector? RAYMOND KHOUZAMI: Traditionally, Sharjah’s real estate market has been driven by customers attracted to a strong sense of community and its family-friendly environment. A price-driven market, the majority of buyers prefer larger, affordable accommodation as the comparatively…
With a host of real estate, major transport and infrastructure projects either being developed or in the pipeline, Sharjah’s construction sector is going through a busy time. Much of the new work is addressing previous shortages in areas such as gated and lifestyle communities, higher-end offices and retail premises, and more modern industrial estates. This presents contractors, architects…
Located in the heart of one of the Middle East’s most vibrant real estate markets, Sharjah has begun to carve out its own distinct profile on the global property map. The emirate has committed to higher-end developments, while widening ownership structures. It has also grown both economically and demographically, now offering its own much larger internal market no longer so closely tied to…
Interview:Sheikh Sultan bin Ahmed Al Qasimi What factors are driving demand for mixed-use developments in Sharjah’s property market? SHEIKH SULTAN BIN AHMED AL QASAMI: Sharjah has long provided a cultural and family-oriented environment, and has more affordable local real estate and living costs than many other emirates, but we believe there is pent-up demand in the local market for well-designed,…
The next few years are scheduled to see a range of major mixed-use real estate projects come on-line in the emirate, with these likely to transform its built landscape and global appeal for investors and visitors alike. One of the largest is the Dh25bn ($6.8bn), 60m-sq-feet Sharjah Waterfront City, which includes eight artificial islands, a series of canals, a brace of interconnecting bridges…
With a host of real estate, major transport and infrastructure projects either being developed or in the pipeline, Sharjah’s construction sector is going through a busy time. Much of the new work is addressing previous shortages in areas such as gated and lifestyle communities, higher-end offices and retail premises, and more modern industrial estates. Sharjah has also begun to carve out a distinct…
The emirate has had particular success in developing a thriving industrial and manufacturing sector, which revolves around its two free zones and 19 industrial zones. As a result, Sharjah is one of the main industrial bases in the UAE, with manufacturing accounting for 17.2% of emirate-level GDP. Meanwhile, its deep commitment to promoting education remains a mainstay of Sharjah’s regional ident
Strong demand and a substantial development pipeline are supporting activity in Sharjah’s property market, with year-on-year (y-o-y) sales up by almost half in the first six months of 2017, according to data issued by the Real Estate Registration Department. The near term looks set to bring more of the same, with ground expected to be broken on several large-scale residential developments next…
