UAE - Leading UAE real estate developer Alef has announced that it has appointed CC7 as the main contractor for the Al Mamsha Raseel project, being developed at an investment of AED1.1 billion ($299 million). The development, part of the larger Al Mamsha Sharjah community, will comprise 11 buildings across the Darb and Nama clusters, delivering a total of 1,915 residential units. The project is set to redefine modern living in Sharjah, offering a blend of luxury, sustainability, and community-centric design, said the Emirati developer. Work is set to begin soon on the project and is likely to be completed in December 2028, it stated. Announcing the contract award, CEO Issa Ataya said: "The appointment of CC7 marks a significant milestone in the development of Al Mamsha Raseel. Their…

SHARJAH: Alef, the real estate developer in the emirate of Sharjah, announced that the first phase of "Al Mamsha Seerah" is advancing at an accelerated pace, with 100 percent completion of structural work, in line with the scheduled delivery of the project in "Al Mamsha Sharjah" by Q4 2026. Furthermore, 98 percent of the units have already been sold, underscoring the strong confidence of both local and international investors and reflecting the growing demand for upscale residential properties in Sharjah. The construction of "Al Mamsha Seerah" is advancing rapidly, with the structural works significantly progressed. Blockwork and finishing’s are also well underway. In addition, the development of HVAC, electrical, mechanical, and plumbing systems, along with the final finishing…

Leading UAE-based developer Arada has awarded a contract for the construction of Phase I of Arada Central Business District (CBD), the upcoming commercial centre for Sharjah, within the AED35 billion ($9.5 billion) Aljada megaproject. The AED604 million ($164 million) contract has been clinched by Modern Building Contracting Company (MBCC), which will begin construction of the first cluster of Arada CBD immediately, with completion and handover scheduled for the first quarter of 2027. The eight smart blocks included in the Phase I include Arada’s headquarters, a nine-floor building that will introduce a dynamic new workplace for the master developer’s 1,500 staff. Arada’s headquarters contains extensive facilities including an accessible roof for events, an…

The Sharjah real estate achieved a solid and exceptional performance in the first month of 2025, as the volume of real estate transactions reached AED7 billion during January, while the total number of transactions reached 11,116, and the total area traded in sales transactions reached 10.4 million square feet. Generally, the Sharjah real estate has witnessed remarkable development in recent years, which reflects an ambitious vision that combines innovation, sustainability and high quality. This development is the result of Sharjah Government’s wise policies and the major investments in infrastructure, which made the emirate an attractive real estate destination that combines a modern civilized character with an authentic cultural identity. These real estate projects are also…

SHARJAH - Sharjah Investment and Development Authority (Shurooq) announced that it achieved 70 percent sales for its residential project "Ajwan Khorfakkan" during its participation in the Sharjah Real Estate Exhibition "Acres 2025", held at Expo Centre Sharjah.  The sales were driven by the two new residential towers, "Mawj" and "Ghadeer". Ahmed Obaid Al Qaseer, CEO of Shurooq, highlighted the significant turnout at the "Mawj" and "Ghadeer" towers during the event. This response reflects the growing confidence in the Khorfakkan real estate market and aligns with Sharjah's vision for sustainable development.   The "Ajwan" project spans 65,269 square metres and features six residential buildings with 185 luxury apartments. These apartments offer views of either the Arabian…

SHARJAH: The Sharjah real estate has succeeded in achieving exceptional and unprecedented growth during 2024, with transactions volume amounting to AED 40 billion, and a growth rate of 48 percent compared to 2023. Abdulaziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Department, said that this is the highest trading volume achieved by Sharjah’s real estate since 2008, reflecting the increasing number of investors of various nationalities and their demand to purchase different types of real estate, benefiting from the emirate’s attractive investment environment and stable economic climate. “The sector has also succeeded in attracting investors from 120 nationalities from different parts of the world,” he added. With regards to the…

SHARJAH: The real estate market in Sharjah witnessed the highest monthly real estate transaction volume during October, continuing its strong growth in 2024. According to a report on the “Real Estate Transactions” issued by Sharjah Real Estate Registration Department, the October 2024 real estate market reached AED 4.4 billion across 4,883 transactions, with a total of 14 million square feet. In detail, the report's statistics revealed that the total number of transactions reached 4,883, with sales transactions accounting for 1,415, representing 29 percent of the total number of transactions. As for mortgage transactions, they reached 443, representing 9.1 percent of the total transactions, with a value of AED 1.3 billion. Lastly, the number of other transactions reached…

On October 7, Sharjah’s Department of Housing (DOH) will commemorate World Habitat Day by showcasing H.H. Sheikh Dr. Sultan bin Muhammed Al Qasimi, the Sultan of Sharjah and a member of the Supreme Council, and his goal of improving housing stability for Emirati families.   Through creative housing services, DOH has committed itself to ensuring that citizens have a decent place to live since its founding in 2010.   The department has provided 6,959 grants and 6,551 loans totaling more than AED 13.5 billion to 13,510 beneficiaries over the last 13 years. This program is in line with the Ruler’s orders to expedite housing assistance and enhance Emiratis’ quality of life.   In the emirate, the department is also pushing forward with residential complex…

H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council, highlighted the significance of digital projects and the need to enhance service levels through efficient, high-quality platforms that ensure ease of use and quick access to proactive and real-time services. These initiatives aim to improve the customer experience and provide a secure digital environment that keeps pace with rapid technological and AI advancements. He made this statement during a review of updates on the Integrated Real Estate Services Platform project, attended by H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, at the Ruler's…

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Law No. (5) of 2024 on Property Leasing in the Emirate of Sharjah.   H.H. the Ruler also issued Law No. (6) of 2024 on the establishment and organisation of the Rental Disputes Centre (RDC) in the Emirate of Sharjah.  

Sharjah-based Alef Group has announced the launch of Samr 1 neighbourhood, a new zone within the Hayyan development project, which follows the remarkable sale of 90% of the units in the Arim and Alma neighbourhoods, a report said.   Issa Ataya, CEO of Alef Group, said: "The successful launch of our newest neighbourhood, Samr 1, within the Hayyan residential project, comes in response to the growing demand for this development, Emirates News Agency, WAM, said.   “Hayyan project "represents a leading model of Alef Group's efforts to strengthen Sharjah's investment sector by providing high-quality real estate that meets global standards.   “It caters to the diverse aspirations of homebuyers, business owners, and investors across all sectors, with a focus on…

SHARJAH – Sharjah-based Alef Group has announced the launch of Samr 1 neighbourhood, a new zone within the Hayyan development project. The announcement of the new project follows the remarkable sale of 90 percent of the units in the Arim and Alma neighbourhoods. Issa Ataya, CEO of Alef Group, said: "The successful launch of our newest neighbourhood, Samr 1, within the Hayyan residential project, comes in response to the growing demand for this development. This reflects Alef Group's commitment to enhancing pioneering community experiences through the delivery of modern and unique residential and commercial facilities." He added that the Hayyan project "represents a leading model of Alef Group's efforts to strengthen Sharjah's investment sector by providing high-quality real…