Sharjah Holding, a partnership between Majid Al Futtaim Properties and Sharjah Asset Management, has released the final cluster of homes in the Al Lilac neighbourhood within the Al Zahia masterplanned community.
The latest launch will see the release of 108 additional homes comprising three-bedroom townhouses and four-bedroom semi-detached villas.
Launched in 2017, the first and second releases of Al Lilac included three-bedroom townhouses, four and five-bedroom villas and three-bedroom courtyard villas.
Shadi Al Azzeh, development director, Al Zahia at Majid Al Futtaim – Communities, said: “To date, Al Zahia has welcomed over 250 families to its first neighbourhood, Al Jouri.
“In 2018, the community will continue on its journey of growth with the handover of 566 homes in the Al Narjis neighbourhood, and the Garden Apartments.
A new payment plan will be offered to allow buyers the chance to secure homes with a 5% down payment, subsequent monthly instalments, and the remaining 75% on handover.
Al Zahia has partnered with Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Dubai Islamic Bank to provide buyers with flexible financing options.
Al Lilac will also feature a number of amenities including an innovative 5,700m2 Sensory Park with interactive sculptures and landscaped areas.
Sharjah’s villa market recorded an increase of 1.7%, taking the rate of growth to 0.4% during the last quarter of 2017, according to a report by real estate consultancy Cluttons.
Walid Al Hashimi, chief executive officer, Sharjah Holding, said: “The continued expansion of Al Zahia and its neighbourhoods demonstrates Sharjah Holding’s dedication to setting new standards for community living in the emirate.
“Through the development of sustainable and iconic living environments such as Al Zahia, we endeavour to drive socio-economic growth in Sharjah by inspiring the next generation of communities.”
Al Zahia will be home to more than 12,000 residents when completed in 2020. Al Zahia is also adjacent to City Centre Al Zahia, currently under construction and also due to open in 2020.
