Sharjah property developers eye expat investors
Local authorities and developers in Sharjah are launching a number of large-scale projects in a bid to attract expat investors
Sharjah's property developers are looking to attract expat investors with various new mixed-use projects.
Local authorities and developers in the region are launching a number of large-scale projects in a bid to tap into the increasingly active sales market in the northern emirate.
One of the major projects currently under construction is the $427.9m (AED2.4bn) Al Tilal City - which is being developed by Tilal Properties - a joint venture between Sharjah Asset Management and Eskan Real Estate Development.
The 25million sq ft mixed-use development will feature schools, mosques and a new mega mall.
Meanwhile, Sharjah Waterfront City - which was launched at this year's Cityscape Global following delays, is predicted to become the emirate's largest mixed-use development.
The project - estimated to cost $3.5bn (AED20bn) - will comprise 200 residential and commercial towers, 95 apartment buildings, a hotel and hotel/apartment towers.
It will also feature up to 1,500 waterfront villas and a Crystal Lagoon theme park, according to Sharjah Oasis Real Estate Development.
Other projects include the $124m (AED700m) Al Rayyan development, comprising two residential towers, a commercial tower and a retail complex.