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AED 60 billion worth of real estate projects under construction in Sharjah

 

Khalifa Al Shaibani: The real estate sector in the Emirate of Sharjah is returning to the path of growth and recovery

His Excellency Khalifa Al Shaibani, Director-General, Tilal Properties, affirmed that the real estate sector in the Emirate of Sharjah is gradually returning to the path of growth and recovery. The package of government incentives provided exemptions and massive reductions across various services and facilities, supporting the growth and stability of the economy. This move further encouraged developers to continue working on their existing projects and complete it in their estimated time.

According to a survey conducted by Tilal Properties in cooperation with Omnes Media, 40 per cent of the public still believe that investing in the real estate sector is safe despite the current circumstances, whereas five per cent believe that investing in real estate is a safe option in terms of protecting investment. A remarkable 44 per cent of those surveyed said that the developer’s reputation is the most important factor affecting their decision to buy a property.

Al Shaibani revealed that they expect the market to improve significantly post the COVID-19 period, as the Emirate is known for providing investment security, economic stability along with zero risk factors. Tilal Properties in particular, is diligently working towards completing several of its projects. Currently, the Naseem villas and residential complexes built in Tilal City is nearing 90 per cent completion and will boast of several state-of-the-art services and facilities, emulating the highest standards of quality. The project is scheduled to be open to the public towards the end of this year.

The Emirate enjoys a diverse economy across many sectors, including, gas, tourism, education, healthcare and logistics services. Besides, its strategic location and strong infrastructure have contributed to strengthening its investment position in the UAE and abroad. Sharjah is also distinguished by a vast and rich history, with culturally and educationally symbolic edifices located throughout the emirate, including museums and traditional markets. The Emirate is also home to several luxurious urban developments located on its coasts and lakes, offering breathtaking panoramic views to its residents. Some of these include the Al Mamzar neighbourhood, Al Khan and Khalid Lake located in the city centre.

Al-Shaibani further stated that, despite the current circumstances caused by the outbreak of COVID-19, work across several large real estate projects and modern high-rise towers continue in full swing. The real estate market has recorded a strong recovery in the post- COVID-19 period, resuming several of its big projects, including launching of one of its finest skyscraper. The goal is to transform the Emirate into a unique residential and tourist hub, which boasts of attractions for individuals across all age groups.

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Government incentives plays key role in supporting investors

 

 

Khalifa Al Shaibani: The real estate sector in the Emirate of Sharjah is returning to the path of growth and recovery

His Excellency Khalifa Al Shaibani, Director-General, Tilal Properties, affirmed that the real estate sector in the Emirate of Sharjah is gradually returning to the path of growth and recovery. The package of government incentives provided exemptions and massive reductions across various services and facilities, supporting the growth and stability of the economy. This move further encouraged developers to continue working on their existing projects and complete it in their estimated time.

According to a survey conducted by Tilal Properties in cooperation with Omnes Media, 40 per cent of the public still believe that investing in the real estate sector is safe despite the current circumstances, whereas five per cent believe that investing in real estate is a safe option in terms of protecting investment. A remarkable 44 per cent of those surveyed said that the developer’s reputation is the most important factor affecting their decision to buy a property.

Al Shaibani revealed that they expect the market to improve significantly post the COVID-19 period, as the Emirate is known for providing investment security, economic stability along with zero risk factors. Tilal Properties in particular, is diligently working towards completing several of its projects. Currently, the Naseem villas and residential complexes built in Tilal City is nearing 90 per cent completion and will boast of several state-of-the-art services and facilities, emulating the highest standards of quality. The project is scheduled to be open to the public towards the end of this year.

The Emirate enjoys a diverse economy across many sectors, including, gas, tourism, education, healthcare and logistics services. Besides, its strategic location and strong infrastructure have contributed to strengthening its investment position in the UAE and abroad. Sharjah is also distinguished by a vast and rich history, with culturally and educationally symbolic edifices located throughout the emirate, including museums and traditional markets. The Emirate is also home to several luxurious urban developments located on its coasts and lakes, offering breathtaking panoramic views to its residents. Some of these include the Al Mamzar neighbourhood, Al Khan and Khalid Lake located in the city centre.

Al-Shaibani further stated that, despite the current circumstances caused by the outbreak of COVID-19, work across several large real estate projects and modern high-rise towers continue in full swing. The real estate market has recorded a strong recovery in the post- COVID-19 period, resuming several of its big projects, including launching of one of its finest skyscraper. The goal is to transform the Emirate into a unique residential and tourist hub, which boasts of attractions for individuals across all age groups.

Khalifa Al Shaibani, Director-General, Tilal Properties, confirmed in statements that the real estate sector in Sharjah is witnessing a remarkable recovery, highlighting the strength and durability of the emirate’s economy. Real estate is a true measure of any macro-economy, and Sharjah has been the first choice for a lot of real estate investors and buyers, especially as properties boast of attractive prices and several other lucrative offers.

He said that currently approximately AED 60 billion worth projects are under construction, making Sharjah an ideal destination for investors and traders wishing to enter the real estate field and take advantage of the rewarding investment opportunities provided by the emirate. Besides providing attractive investment opportunities, Sharjah has constantly contributed towards the nation’s economic growth and enjoys the reputation of providing some robust infrastructure facilities that emulate highest standards of safety and economic stability.

The Emirate enjoys a diverse economy across many sectors, including, gas, tourism, education, healthcare and logistics services. Besides, its strategic location and strong infrastructure have contributed to strengthening its investment position in the UAE and abroad. Sharjah is also distinguished by a vast and rich history, with culturally and educationally symbolic edifices located throughout the emirate, including museums and traditional markets. The Emirate is also home to several luxurious urban developments located on its coasts and lakes, offering breathtaking panoramic views to its residents. Some of these include the Al Mamzar neighbourhood, Al Khan and Khalid Lake located in the city centre.

Al-Shaibani further stated that, despite the current circumstances caused by the outbreak of COVID-19, work across several large real estate projects and modern high-rise towers continue in full swing. The real estate market has recorded a strong recovery in the post- COVID-19 period, resuming several of its big projects, including launching of one of its finest skyscraper. The goal is to transform the Emirate into a unique residential and tourist hub, which boasts of attractions for individuals across all age groups.

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Why Sharjah … Why Tilal City

 

Whilst the COVID-19 pandemic has left the real estate landscape in an uncertain state of precedence, with challenges comes new opportunities. Sharjah has established itself as a tourism and business hub over the last few years and is quickly becoming a destination for businesses and individuals looking to invest in real estate. Experts in the industry are preparing for a post-COVID real estate boom, due to contributing factors such as economic stability, low risk factors for investors, and investment security. Investors will be seeking to capitalise on the low interest rates and lower deposits. The next few years in UAE real estate is shaping up to be a buyer’s market, and property companies who capitalise on this will reap the rewards.

Sharjah, the culture capital of the UAE, is widely recognised for its history and heritage, and offers a rich diversity of nature and history, fused with a modern landscape. Sharjah’s bid to become a leading nature-inspired destination for international tourists and UAE residents is supported by a number of new projects emerging in the emirate, including an ecotourism resort, and a family-friendly safari park retreat.

As well as its growing tourism, the real estate market in Sharjah is healthy, competitive, and- crucially- stable. Due to the flourishing development projects and steady rise in real estate units, developers have seen the need to become more innovative in their offerings. The system of legislation is also a contributing factor to Sharjah’s investment appeal, creating a safe environment for real estate investors. Sharjah will continue to grow and expand its economy, promoting itself to the rest of the world as an ideal destination for tourism, investment, and business. International interest is already strong and will likely grow and strengthen over the next few years, as businesses and stakeholders realise it is a smart idea to invest in Sharjah.

Tilal Properties. Like many developers, Tilal has been affected by the pandemic, although the impact has been much less than other development companies due to the nature of their projects, such as ‘Tilal City’. Tilal City, known as New Sharjah, is a community development that spreads over 25 million square feet, with 1447 land plots and 48% of the land allocated to parks and education & community facilities. Community facilities include a number of mosques, schools and nurseries, community centres and parks, and Tilal Mall, one of the biggest malls in Sharjah. Tilal Properties is offering investors and owners the opportunity to take full control over their properties within the city, minimising the usual risks that come with off-plan development.

Offering support and incentives such as free of charge real estate consulting services at the hands of property experts, Tilal Properties is tapping into the buyer’s market and offering stakeholders opportunities to see positive returns on their investments. And with it being a semi-government company, security for customers is ensured. The company’s vision is to stimulate an exciting future for Sharjah’s community- residents, businesses, and investors, while supporting the emirate’s economic goals.

The infrastructure of Tilal City is now complete, and landowners can start construction with immediate effect. They are able to enjoy total freedom over the development, including the entire development and build of the interior. Investors can divide up the building process depending on their financial status with the option of cash flow control, and additionally may sell the buildings as and when they decide, working solely to their own timeline. As they (the investors) have total ownership and control over the development, there is little to no risk of delays due to external factors.

Managed by Tilal Properties, a joint venture between the government’s investment arm, Sharjah Asset Management, and Eskan Real Estate Development, Tilal City is made up of eight zones; Shams, Areej, Naseem Residence, Naseem Villas, Almass Villas, Almass Residence, Morooj South, and Morooj North. Community facilities across the City will feature a number of mosques, schools and nurseries, community centres and parks, and Tilal Mall, one of the biggest malls in Sharjah.

Property owners already see a big demand in Tilal City and enjoy the benefits that the project provides. Tilal City represents an enviable connection point linking between Dubai and the Northern Emirates, located just kilometers away from Sharjah International Airport, Sharjah Grand Mosque, and the border of Dubai.

 

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Tilal City is one of the Best areas for foreigners to invest in Sharjah

Tilal City is an investors’ haven. This first-of-its-kind development provides you with a never-before opportunity to buy land in Sharjah and build your property on it. While GCC Nationals can purchase land here on a freehold basis, foreign investors in Sharjah can obtain it on a 100-year lease.

This mixed-use development is spread over an area of 25 million sq. ft. Located on Emirates Road E611, Tilal City is Sharjah’s first-ever master-planned community, designed for conducive community living.

In case you’re wondering what makes this development rank among the top areas for expat real estate investment in Sharjah  – here’s what you need to know. Tilal City has eight distinct divisions that include residential, commercial, entertainment and retail offerings.

The development has an expected ROI of up to 10% with both freehold and leasehold options.

Sharjah’s latest development is set to become one of the hottest real estate investment destinations in the city

There is no community or maintenance fee attached to the plots available for sale; and besides residential, you can even choose to invest in mixed-purpose land.

AMENITIES IN TILAL CITY

The popularity of an area in terms of living and investing is highly influenced by the facilities available in and around it. Similar to the areas mentioned above for foreigners to invest in Sharjah, the Tilal City master plan has ample space for lifestyle facilities and amenities. There are detailed retail belts including independent outlets and a mega-shopping mall.

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Khalifa Al Shaibani says: The UAE has turned into an Arab and international symbol for empowering women, with the support of wise leadership

Emirati women have proven their creativity and excellence.

Khalifa Al Shaibani says: The UAE has turned into an Arab and international symbol for empowering women, with the support of wise leadership

His Excellency Khalifa Al Shaibani, Director General of Tilal properties Company, affirmed that the United Arab Emirates- with the support of its wise leadership- has turned into an Arab and global symbol for the empowerment of women in all fields. The majority of leadership positions in companies are occupied by Emirati women, according to a 2019 annual report issued by the Center for Studies on Arab Women’s Participation, affiliated to the Arab Women Commission.

In a press statement on the occasion of Emirati Women’s Day, which falls on the 28th of August of each year, His Excellency added that the women of the Emirates have proven their ability to innovate and excel. One such example is through the involvement of Emirati women in the design, manufacture, and launch of the Hope Probe to Mars, last July; a mission contributing to fulfilling the UAE’s vision of becoming one of several countries aspiring to explore the Red Planet.

Al Shaibani added that Emirati women have also registered a remarkable presence in the field of volunteer work, as well as on the medical frontline during the COVID-19 pandemic. They have contributed to providing support and assistance to all affected groups and insisted that they be part of this national work.

Al Shaibani concluded by stressing that Emirati women have been able to achieve great achievements in all vital areas, as a result of the great support of the wise UAE leadership who believe women play a key role in the future of the country. The UAE will celebrate its Centennial in 2071, and the march of empowering women in the lead up to the celebration is a testament to female Emirati’s dedication and perseverance.

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Tilal Properties Conducts Survey of UAE Residents on Real Estate Investment Post Covid-19

 

Tilal Properties recently conducted a survey in order to analyze public opinion about investing in real estate during the current global situation surrounding COVID-19. The survey was completed by over 1400 UAE residents.

Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, sent the survey out to gain a better understanding of how the real estate market has been impacted. The outbreak of the Coronavirus has greatly impacted global and national economies, and in the UAE specifically, property markets have been greatly impacted due to travel restrictions which have limited the influx of visitors to the GCC region. It is imperative to analyze investment options and make informed decisions based on public feedback.

Residents of the UAE who completed the survey were made up of a broad range of nationalities, ages, and were asked a number of questions to help analyze public opinion on real estate. Amongst the questions, survey takers were asked for their housing preferences, the most important factors that influenced their decisions when buying property, and their stance on buying or investing in property considering the current climate.

The survey which was done in cooperation with Omnesmedia.com showed that 40% of the public still believe it is safe to be investing in real estate despite the current circumstances, and that 56% believe investing in real estate is a safe option to protect investment value. An astounding 44% of the responders stated that developer reputation was the most important factor that influenced their decision when buying a property.

Khalifa Al Shaibani, Director-General at Tilal Properties, said “we are always looking to fulfill the market’s requirements, and as the market changes, so too do our strategies. The decisions of investors are influenced by the public opinion and this survey enables us to gather that feedback and make informed decisions.”

Al Shaibani continued “the future of real estate will of course be affected by the global pandemic; however, we are optimistic. We predict the market will improve tremendously and we will see a boom in real estate. The survey we recently conducted will enable us to better understand the market that is invaluable information which will help us navigate our strategies going forward.”

Tilal Properties, a leading UAE-based real estate development and investment company, and the premier developer of residential complexes and freehold projects in the Emirate of Sharjah was the first project of a joint venture between Sharjah Asset Management and Iskan Real Estate Development. The company boasts a number of projects, including Tilal City, a first of its kind community development in Sharjah that spreads over 25 million square feet and is designed to accommodate 65,000 residents. Tilal Properties works closely with various government departments and private companies to ensure synergy and integration of potential with the ultimate goal of promoting investments in Sharjah.

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Economic leaders praise humanitarian gesture of Sharjah Ruler

Sharjah24: His Excellency Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, SEDD, confirmed that the message of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, addressed to the employees of the Government of Sharjah, expresses his patriarchal keenness, and emphasized his happiness, that this the human gesture has a profound impact on all members of society.

His Excellency Al Suwaidi added that His Highness’ message gives us greater motivation and determination to exert more effort, and it prompts us to upgrade government work to serve the community and raise the nation, and stems from His Highness’s continuous and endeavor to elevate the human being.

His Excellency Eng. Dr. Rashid Al Leem, Chairman of Sharjah Electricity and Water Authority (SEWA), confirmed that the text message sent by His Highness the Ruler of Sharjah to his sons and daughters, employees of the Sharjah government, introduced joy and happiness in them, and contributed to raising their morale.

His Excellency pointed out that this gesture by His Highness is not strange, as it is the model and example for sincerity, parental engagement, and support for all groups, to achieve more progress and advancement.

His Excellency stressed that the letter represents a great incentive for all job levels to work actively, energetically, and advocate for taking precautions and ensuring the general health of all employees.

His Excellency Khalifa Al Shaibani, General Manager of Tilal Real Estate Company, confirmed that the message that His Highness, Ruler of Sharjah, addressed to the employees of the Sharjah government, is a matter of pride and a bright spot.

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The impact of COVID-19 on Real Estate and where to invest

Market Review: 

The impact of COVID-19 on Real Estate and where to invest

The outbreak of the Coronavirus has greatly impacted global and national economies. In the UAE, the construction, development, and property markets have also been greatly impacted due to this pandemic.

The outbreak of the Coronavirus has greatly impacted global and national economies. In the UAE, the construction, development, and property markets have also been greatly impacted due to this pandemic. Property markets across the GCC, are trying to keep afloat despite the several travel restrictions which have limited the influx of investors thus affecting their businesses. Owing to the current situation, Real Estate as a capital investment is an aspect one would definitely need to reconsider; hence it is imperative to analyze the most secure investment options and make decisions accordingly. Employment in several industries tourism and retail, in particular, will be negatively impacted considering these situations.  Land as an investment option during the time of a crisis is much more profitable, given its better resale value in comparison to residential properties. Besides, prices of land and property taxes from plots are relatively low as opposed to apartments. Over the past years, plots of land have shown greater appreciation values making their purchase a lucrative option that guarantees high returns. The land is a tangible asset in contrast to stocks and shares; and because its demand is more than supply, it can definitely yield profits.

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Tilal Properties provides exclusive offers for Tilal City at Acres 2020

 

Tilal Properties, the leading real estate development, and investment company and the premier developer of residential complexes and freehold projects in the Emirate of Sharjah, participated in the seventh edition of the Real Estate Investment Exhibition, ACRES 2020 on March 5-7, 2020.

The company’s participation in this year’s edition of the leading real estate event was aimed at promoting the unique advantages provided by the company’s flagship project Tilal City, known as New Sharjah.

H.E. Khalifa Al Shaibani, Director-General of Tilal Properties said that the company’s stand at Acres 2020 provided a detailed description of Tilal City’s unique features that cater to the various needs of Gulf, Arab and foreign nationals.

“All Arab nationals and residents of the UAE can purchase land in Tilal City on a freehold basis, with leases available for up to 100 years, while non-Arabs don’t need to have a UAE residence visa to purchase property in the City,” he said, noting that Tilal Properties provides free-of-charge real estate consulting services at the hands of property experts for both end-users and investment seekers alike.

Al Shaibani underlined the importance of participating in Acres 2020, describing the event as the leading real estate platform of the Emirate of Sharjah where eminent and diverse real estate products are showcased to woo investors and major companies from different parts of the region.

“We are keen to participate every year in Acres due to its significant role in shedding extensive light on the latest developments in the property sector through in-depth panel discussions where thoughtful recommendations are provided to help stakeholders run and direct their projects in an efficient and successful manner,” Al Shaibani added.

He said that several end-users and those seeking to invest in real estate visited Tilal’s Stand at Acres 2020, to take advantage of the available offers and consultative services provided by the company during the exhibition.

“By visiting Tilal’s stand one has firsthand knowledge of the privileges and offers provided for Tilal City’s buyers,” he concluded.

Tilal Properties is a joint venture between the emirate’s investment arm, Sharjah Asset Management, and Eskan Real Estate Development.

According to the main planning of the project, Tilal City, known as New Sharjah, can accommodate about 65,000 inhabitants.

The master plan of the 25 million Sq.ft. City aims to develop a sustainable urban community spread over five key areas, including residential buildings, villas and homes with green spaces and corridors.

The landmark project represents a multi-purpose mixed-use real estate development that offers a unique opportunity to purchase land for housing purposes in a carefully planned and fully coordinated environment.

Located on Emirates Road (E611), Tilal City is a few kilometers away from Sharjah International Airport and Sharjah Grand Mosque. The project represents an enviable connection point linking between Dubai and Northern emirates as the border of Sharjah-Dubai, and other popular hotspots are within 2 kilometers. At Tilal City, greenery will account for 48% of the project’s total land area.

The Freehold property in Tilal City is the first of its kind in the emirate and offers a unique opportunity within Sharjah’s first master-planned community. There are 1,447 land plots, combined with lush parks, education, and community facilities; thus, offering an exceptional investment.

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Khalifa Al Shaibani, Director-General, Tilal Properties

Boasting of a robust infrastructure, Tilal Properties seeks to create a legacy that provides an inspiring future for the residents and investors and I’m delighted to give you the most recent insight into the developments taking place on the unique project, Tilal City.

Ramadan & Eid Greetings: On behalf of Tilal Properties, I hope you all had a joyous and safe Ramadan with your loved ones. May the Almighty grant all your wishes and hopefully, we emerge strong from these trying circumstances and have our normalcy restored back once again.

Boasting of a robust infrastructure, Tilal Properties seeks to create a legacy that provides an inspiring future for the residents and investors and I’m delighted to give you the most recent insight into the developments taking place on the unique project, Tilal City.

Firstly, I wish to extend my heartfelt greeting on the joyous occasion of Ramadan and hope you all and your families are staying safe during these difficult circumstances and are staying safe indoors. We understand the outbreak of the COVID-19 has impacted global economies, greatly affecting the real estate industry in particular. This blow has left several clueless regarding what the next course of action will be and when are things expected to return back to normal.

Another prudent question everyone seems to be seeking answers for at this time is, “Would it be the right time to invest in any property” and if so why consider Tilal Real Estate. The answer to this is, here at Tilal we aim to develop a series of real estate projects according to global quality standards that will enrich lifestyle and build an unmatched organizational standard in the industry. We understand how finding the ideal place one can call home is everyone’s ultimate dream and our goal is to assist individuals in finding just that.

Our team helps explore successful investment opportunities based on a variety of factors that can help investors in making their decision. One of the factors is the investment return on properties which is common among several projects offered in the Emirate of Sharjah. We understand that the best way to ensure the success of our projects is to provide high-quality products at competitive prices and despite the current situation, we are hopeful to do just that.

Thank you and looking forward to serving you in your real estate needs.