Tilal City to be built in Sharjah
Mixed-use development in Sharjah will create a neighbourhood for 65,000 residents
Cluttons has partnered with Tilal Properties, a newly formed joint venture between Sharjah Asset Management and Eskan Real Estate Development, to sell and market Tilal City – a mixed use development in Sharjah.
Tilal City will create a vibrant mixed use neighbourhood for 65,000 residents, incorporating locally distinctive design, sustainable infrastructure and recreational facilities to support high quality affordable living.
The combination of retail, office, residential and recreation facilities will offer a 'live, work and play' environment, conveniently located on Emirates Road, close to the Al Dhaid interchange, and just 10km from Sharjah International Airport.
Cluttons has provided a wide range of services from project conception, throughout the 36 month development phase of Tilal City, undertaking market studies and benchmarking exercises.
Steve Morgan, chief executive, Cluttons Middle East, said: "Our consultancy team has a track record of advising on complex and innovative projects such as Tilal City. With more than 30 years of experience in Sharjah, we can combine our strategic advice with strong local market intelligence, making us ideally placed to work alongside the Government of Sharjah.”
The proposed Tilal City masterplan aims to create a socially sustainable community, divided into four major zones, consisting of neighbourhoods and clusters, linked together via green public spaces and corridors. They will centre around a shopping mall and central park and contain a mix of villas, apartments and town houses.
Land plots are now available for sale to developers and the public, with all land sold on a 'price per square foot' basis for the plot area only. Prices range from AED110 per ft2 to AED303 per ft2 depending on plot size, position and usage. The average plot size is approximately 7,500 per ft2, but it is possible to purchase multiple plots or even entire zones.
Ground works have already commenced, with full project completion expected by end of 2017.