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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.

CategoriesPress Release

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.

CategoriesPress Release

‘Tilal Properties’ runs two community centres in ‘Tilal Oasis’

Sharjah 24: Tilal Properties, the first real estate development company in the Emirate of Sharjah, announced 80% completion of construction work on their upcoming community centres.’ The community centres’ named the ‘Tilal Oasis,’ are being constructed in Tilal City’s Naseem Villas and Naseem Residences.

Khalifa Al Shaibani, Director-General, Tilal Properties, said: “The goal of setting up Tilal Oasis in two different complexes is to provide the residents of Tilal City and surrounding areas with diverse options for active living and recreation in a safe, inclusive environment boosting optimum service facilities at a high level of quality, with an integrated living style.”

He pointed out that the two centres’ are designed in a modern architectural style that caters for all tastes and will provide all necessary daily services required to satisfy all segments of society, ages and nationalities.

The community centre which is located in the “Al-Naseem villa complex”, encompassing a total area of 1,417 sq.m, and includes four restaurant lounges and three retail units. The other community centre is located in the “Al-Naseem Residence” encompassing a total area of 2,428 sq.m and will consist of six restaurant lounges along with four retail units.

A sports centre extending over an area of 350 sq.m, will be located in each complex separately, with the aim of promoting a healthy lifestyle among residents.

Some of the other facilities and services common across both the centres’ include an outdoor shared area and kids play area and many others.

Tilal City is a mixed-use project that provides unique opportunities to purchase land for housing and investment in a carefully planned and fully coordinated environment.

The total area of the Tilal City project amounted to 25 million sq.ft, divided into eight integrated regions, services and facilities, and is the first project in the emirate to be designed in a unique style that helps to create a harmonious community to live and work. With a 48% open area, Tilal City is designed to accommodate 65,000 residents. The infrastructure is 100 per cent ready and the landowner can start construction immediately after making the complete payment. All necessary utility services are already in place including Tilal City’s own electric station, sewerage station in addition to water and gas network.

Source

CategoriesPress Release

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.

CategoriesPress Release

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.

CategoriesPress Release

Tilal Properties grants two plots of land to Victoria International School of Sharjah in Tilal City

Al Shaibani: Corporate social responsibility and supporting the education sector lie at the heart of Tilal Properties’ priorities.

Tilal Properties, the leading real estate development and investment company and the premier developer of Tilal City, granted Sharjah-based Victoria International School two plots of land at its flagship project Tilal City.

This came under an agreement signed on the side-lines of 7th Real Estate Investment Exhibition, Acres 2020 on Thursday 5th March.

The agreement aligns with Tilal Properties’ plans and strategies to strengthen corporate social responsibility by accelerating educational development in the emirate in line with the visionary directives of H. H Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to ensure Sharjah will be the cultural magnet and the preferred education destination in the region.

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

The signing was attended by Sheikh Sultan bin Ahmed Al Qasimi, the Chairman of Tilal Properties, Sheikh Salem bin Abdul Rahman Al Qasimi, Head of the Sharjah Ruler’s Office, who represented the government of Sharjah and Victoria International School in the Emirate and H.E Dr Muhadditha Yahya Al Hashimi, Chairperson of Sharjah Private Education Authority, and H.E. Dr Amr Abdel Hamid, Director of the Sharjah Research Academy, and H.E. Khalifa Al Shaibani, Director-General of Tilal Properties along with a large number of dignitaries and media representatives.

“Tilal Properties is determined to offer best possible services to the society, including providing top-quality educational facilities,” said H.E Al Shaibani, describing Victoria International School as an internationally recognised educational institution that boasts global reputation and enjoys the support and personal follow-up of the Sharjah Ruler himself.

Al Shaibani added: “Under the agreement, Tilal Properties is offering two plots of land spanning 600,000 sq.ft. as part of its corporate social programme. The two plots are strategically located at the heart of the city adjacent to the exit and entry points so that work can start at any time as part of the development work of Tilal City. The move

emanates from our solid belief in the fundamental role played by education in driving the development process and ensuring social welfare and prosperity.”

In the meantime, Tilal Properties, through its platform at Acres 2020, provided new plots of land at competitive prices in its flagship project Tilal City, the main features and advantages of which were explained in detail to the visitors of the reality show.

H.E. Khalifa Al Shaibani said that at the company’s stand at Acres 2020, a detailed description about Tilal City’s unique features which cater for the various needs of Gulf, Arab and foreign nationals were provided.

“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.

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. The 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), with Sharjah International Airport and Sharjah Grand Mosque a few kilometres away, and the border of Dubai, including other hotspots, within 2km, Tilal City, where greenery will account for 48% of the project’s total land area, represents an enviable connection point linking between Dubai and the Northern Emirates.

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.

CategoriesPress Release

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.

CategoriesPress Release

SCCI Youth Circle to enhance role of Emirati youth in realty sector

The Youth Council at the Sharjah Chamber of Commerce & Industry (SCCI Youth Council) organized a youth circle on enhancing the role of youth in the real estate investment. The event comes on the sidelines of the 7th edition of the Real Estate Investment Exhibition (ACRES 2020), which is organized by the Sharjah Chamber of Commerce & Industry, SCCI, collaborativelywiththeSharjah Real Estate Registration Department (SRERD) and the Representative Committee of the Real Estate Sector Business Group working under the SCCI umbrella. The circle comes as part of the SCCI’s keenness to empower youth and to build effective communication methods between them and institutions and government agencies involved in the real estate sector to take advantage of the previous experiences as well as to drive youth to invest in real estate sector in a right and sustainable way. TheeventwasattendedbyMohammadAhmed Amin Al-Awadi, SCCI’s Director-General, Khalifa Al Shaibani, Director-General of Tilal Properties, Mohamed Juma Al Musharrkh, Chief Executive Officer, Sharjah FDI Office (Invest in Sharjah), Jamal Bu Zinjal, Head of Media Department, SCCI, Saeed Ghanem Al Suwaidi, Chairman of the Representative Committee of the Real Estate Sector Business Group, Obaid Abdul Rahman Al-Mazloum, Director of the Real Estate Projects Management Department, SRERD, Eng. Amer Al Zarouni, Director of Real Estate Services Department, Sharjah Islamic Bank, as well as a number of the SCCI Youth Council members, university students, and young people interested in real estate investment. “The event is part of the SCCI’s keenness to support all the training activities and programs that help the business sector rise, especially the youth segment, by getting them acquainted with new and practical methods of creating and managing real estate investment projects,” said Mohammad Ahmed Amin Al-Awadi. He added that one of the key pillars of the SCCI’s strategy is to build a new generation of youth entrepreneurs with innovative skills and unique ideas,stressingthattheChamberprovides all possible means for strengthening the country’s endeavors to develop the youth cadres. Al-Awadi called on all those participating in the youth circle to invest in the real estate sector, thanks to its safe environment and flexible legislation which ensure their success and excellence in achieving their investment dreams. Thethemesofcirclefocusedoneducatingyouth about legislations, laws, and policies regulating real estate investment, and introducing them to the concepts and plans of investment in this vital sector, which is one of the key pillars of the diverse economy of the Emirate of Sharjah. Jamal Bu Zinjal shed light on the mechanisms provided by the SCCI to serve the business community and its role in motivating young people to engage in various economic sectors, especially the real estate sector which represents one of the pillars of the economic diversification strategy in the Emirate of Sharjah. He added that the emirate enjoys a broad urban renaissance, something which reinforces its position as a leading global destination for investment in the real estate sector, pointing to the role of the Representative Committee of the Real Estate Sector Business Group in terms of enhancing the earnings of Sharjah’s real estate sector, through the best representation of the largest segment of real estate workers in the emirate, its efforts in launching constructive initiatives and overcoming the challenges facing those working in this sector, in line with the universal renaissance in Sharjah. “One of the SCCI’s most important initiatives for youth is the small &Medium EnterprisesCenter, TIJARAH 101, with the aim of supporting young men and women who is to establish commercial projects and encouraging entrepreneurs and investors to develop their businesses, through many specializations, including the overlapping domains with the real estate sector,” Bu Zinjal concluded. The event also discussed the advantages offered by banking institutions in financing youth to work in this sector, as well as discussing mechanisms to enhance the role of Emirati youth in real estate investment, in line with the plans of the wise leadership in terms of supporting the youth energies and developing their expertise and skills to become the mainstay of the future industry. Additionally, the circle highlighted the importance of instilling the correct investment concepts in the real estate sector among youth, training them on the latest experiences in this sector, and encouraging them to organize their investment ideas and enhance their real estate awareness to make the right decisions. For their part, those who participated in the event expressed their happiness with this interactive session, highlighting the benefits of attending such events, especially that this youth circle is held in parallel with ACRES 2020, something which paves the way for them to apply these experiences in the real world.

http://sahara.mediaobserver-me.com/article/?slng=en&id=14818063&qk=lxfUt0Vq/pJtzjiK/+QsxQv6lOHGJYWSsYwycqJmWvo=

CategoriesPress Release

Tilal Properties honoured with the Arabian Business ‘Best Infrastructure Project’ award

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, has recently been honoured with the “Best Infrastructure Project” award for its flagship project ‘Tilal City’, by the Arabian Business magazine.

This came at a ceremony at the Le Royal Meridien Beach and Resort & Spa in Dubai, which saw the presence of key property companies in the UAE along with a large number of businessmen and leading investors.
“I would like to thank the entire team of Tilal Properties for their efforts and dedication during the past period towards guiding Tilal Properties to notch the prestigious status we are boasting today,” said Khalifa Al Shaibani, Director-General, Tilal Properties.

https://www.arabianbusiness.com/real-estate/422762-tilal-properties-honoured-with-the-arabian-business-best-infrastructure-project-award

CategoriesPress Release

Tilal Properties eyeing big Sharjah ‘real estate boom’

uae land

Tilal Properties, a leading UAE-based real estate development and investment company in UAE land, said it expects to witness spiraling demand for real estate in Sharjah next year, and residential units in particular in light of the growing business momentum which requires more manpower at multiple levels.
This is coupled with the recently-enacted government legislation, which aims to attract more talent and expertise to the UAE and will ultimately reflect positively on real estate demand, stated the developer.

A premier developer of residential complexes and freehold projects in UAE land, Tilal Properties is a joint venture between Sharjah Asset Management and Iskan Real Estate Development.

Tilal Properties said Sharjah represented an investment-conducive, business-friendly destination for many investors from all over the world for its robust infrastructure, streamlined procedures in addition to consistent, reliable and performant services.

The business landscape in Sharjah is characterized by security, diversity, and prosperity, underpinned by large market opportunities and solid business models, said a top official.

The emirate is witnessing an upward growth trajectory manifested in an increasing number of mega commercial, real estate, investment, tourism and industrial projects that will benefit the Emirate in particular and the UAE in general, remarked Khalifa Al Shaibani, the Director-General of Tilal Properties.
“The economic diversity in Sharjah has enabled the emirate to carve an enviable niche on the regional and global economic map,” he noted.

Highlighting the remarkable growth recorded in the emirate’s real estate over the past period, Al Shaibani cited a report issued by the Sharjah Real Estate Registration Department which said 27,588 sales and mortgage transactions worth Dh14.7 billion were conducted during the first half compared to Dh22.5 billion in 12 months last year.

“Sharjah is witnessing a significant growth in SMEs, which now number over 55,000, along with more than 13,000 companies classified as large, according to figures revealed by the Sharjah Economic Development Department, which reflects the impressive magnitude and scope of investments Sharjah abounds in,” he noted.

Al Shaibani pointed out that Sharjah hosted 578,000 workers, or 11.4% of the total workforce in the UAE today.

“The emirate is known as the third largest populated city in the UAE, with the emirate’s nine million people accounting for 19% of the country’s total population, as per the 2017’s statistics,” he said, citing the latest statistics issued by the Ministry of Human Resources and Emiratization last year.

Al Shaibani said: “At Tilal Properties, we are aware of the importance of the distinctive geographical location that Sharjah boasts of, both locally and regionally.”

“This has encouraged us to offer unique investment opportunities to all nationalities with exceptional facilities and incentives through our landmark project Tilal City,” he noted.

Al Shaibani pointed out that over the coming period, Sharjah is expected to witness remarkable growth in the fields of tourism, transport, logistics, healthcare, environment, education, and light industries.

“This growing momentum will result in increased job opportunities and a potential tendency toward homeownership in Sharjah, especially in the newly-established real estate projects which provide investors and residents with added value in terms of quality of life, and will stimulate demand for various types of real estate investment in the emirate,” he added. -TradeArabia News Service

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