Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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Sharjah Investment and Development Authority (Shurooq) has announced the details of the AED 500 million (US$ 136m) Sir Bu Nuair Island development, a ground-breaking mixed-use real estate development due for completion in 2017. The announcement was made during the Arabian Travel Market (ATM 2014) in Dubai and is one of Shurooq’s largest initiatives to-date.
Renowned for its natural beauty, the Sir Bu Nuair Island development falls in line with Sharjah’s plans to become a popular destination for eco-tourism. The project includes the construction of a luxury five-star hotel and resort, hotel apartments and luxury villas, a village, an amphitheatre, a museum, a mosque, an education centre, a harbour, an airport, retail outlets and leisure facilities. Shurooq emphasised that great care and attention is being given to protect and preserve the island’s important ecology in collaboration with the Environment and Protected Areas Authority (EPAA) and to develop the island’s tourism responsibly.
“The aim of this landmark project is to turn this vitally important island into a unique destination; one that offers a mix of high-end luxury and comfort, one that fosters a genuine sense of community, and one that captures the region’s vibrancy and cultural heritage in its architecture and offerings,” said the CEO of Sharjah Investment and Development Authority (Shurooq) HE Marwan bin Jassim Al Sarkal. “The project will stretch over an area of 37,721 square metres, making it one of Shurooq’s most ambitious undertakings to date and the result is set to become one of the rarest gems on the crown of Sharjah and the UAE’s tourist destinations.”
Sir Bu Nuair Island, which is located 65km off the UAE coastline in the Arabian Gulf, is an area of outstanding natural beauty with a vibrant a marine and coastal wildlife habitat. The development includes a 9,693 square metre village that will feature two 2-bedroom villas, ten 3-bedroom villas, four 4-bedroom villas, and a ‘VIP villa’. The main hotel will offer sixty one-bedroom hotel suites, beach chalets and houses, plus 17 luxury suites and chalets in the hotel’s Turtle Beach facility. Travelling to Sir Bu Nuair Island takes 2 – 3 hours by sea, 25 minutes by plane from Jebel Ali and Abu Dhabi and 40 minutes from Sharjah.
Shurooq’s portfolio of projects include Al Jabal Resort – The Chedi Khorfakkan, the Kalba Eco-tourism Project, and The Heart of Sharjah and Al Bait Hotel, as well the popular destinations of Al Qasba, Al Majaz Waterfront and Al Montazah Amusement and Water Park.
For more information visit Shurooq online.
Source: Shurooq
