Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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Sharjah Sustainable City (SSC), a Sharjah Investment and Development Authority (Shurooq) project, has announced the launch of flexible and competitive payment plans to encourage people to own residential units in the first fully-sustainable residential community in Sharjah.
The project aims at promoting the concept of social sustainability by establishing community outreach programmes that ensure a safe, healthy, and cultural lifestyle for all its residents who aspire to a better future for themselves and their families.
The payment plans consist of paying a 10 per cent down payment of the property value, monthly installments, in addition to zero service charges for the first 5 years. Each villa is equipped with complimentary state-of-the-art smart home features and energy-saving kitchen appliances conforming to the community’s foundation of modern sustainability.
Yousif Ahmed Al-Mutawa, Chief Executive Officer of Sharjah Sustainable City, stated that the available offers will allow investors to own property in a growing and competitive environment, which will become a feasible return on investment in the long term, as the full value of the residential units will be paid within the framework of competitive payment plans that extend be-yond delivery.
Al-Mutawa pointed out how the Emirate of Sharjah offers a nurturing environment that supports vital projects in line with the standards of the cities of the future and provides its residents with the basics of high quality and luxurious lifestyle.
The construction works of this project, which was established in strategic partnership between Shurooq and Diamond Developers, a company specialised in developing sustainable environmental projects across the UAE, are ongoing according to schedule while offering the highest specifications and standards.
The first stage will be delivered by 2021, and includes 280 town-houses varying between 3,4, and 5 bedrooms, an educational institution, a sustainable centre, sports facilities for men and women, in addition to a shopping mall, medical clinics, and a chemical-free farm.
Earlier the Sharjah Investment and Development Authority (Shurooq) has shared the new developments being witnessed across its portfolio of latest large-scale real estate, tourism, commercial and hospitality projects, in line with the gradual reopening of businesses across the UAE.
“Preventative measures to curb the spread of the coronavirus will be implemented effectively across all its sites to ensure the safety of Shurooq’s staff and workers,” the Authority said in a statement. “The move reinforces the criticality of business continuity and sustainability in the construction and infrastructure sectors to ensure the strength and resilience of Sharjah’s economy,” it added.
Shurooq is developing an array of projects in strategic partnership with leading international companies that offer a range of investment opportunities. In doing so, Shurooq said it is furthering Sharjah’s economic diversification policy aimed at enhancing the investment environment across the emirate and making the most of its unique infrastructure to develop new projects in sectors like renewal energy, healthcare, logistics and hospitality.
Amongst the list of projects scheduled for completion this year and some of the signature projects that will be completed within the next two years includes the House of Wisdom, Sharjah Sustainable City and Avenues Mall Sharjah.
Speaking on the implications of the reopening of business activities following temporary closures in the wake of the pandemic, Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq, said, “As businesses are gradually returning to normal, Shurooq is responding to the crisis and helping drive recovery to preserve the resilience and stability of the economy as well as ensure that the growth in all sectors is balanced. This aligns with the vision and directives of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to bolster the status of the emirate as an outstanding business and investment destination at both regional and global levels.”
Al Sarkal remarked that Shurooq, together with other government entities across the emirate, contributes to the strong economic fundamentals of Sharjah’s economy with sustained infrastructural investment to create a favourable investment environment in Sharjah. He added that Shurooq’s numerous projects facilitate Sharjah’s policy of economic diversification, in line with UAE’s growth strategy.
Resuming construction activities to get on the fast-paced track to growth will ensure the sustainability of the development process and the consolidation of a knowledge-based economy that is capable of attracting assets and investments from around the world, he added.
WAM
