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Tilal Properties spurs investment growth in Sharjah

Sharjah 24: The Emirate of Sharjah represents 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 characterised by security, diversity and prosperity, underpinned by large market opportunities and solid business models. 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.

Khalifa Al Shaibani, Director-General of Tilal Properties, said: “The economic diversity in Sharjah has enabled the emirate to carve an enviable niche on the regional and global economic map.”

“The Emirate of 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.”

Al Shaibani added: “According to the latest statistics issued by the Ministry of Human Resources and Emiratisation last year, Sharjah hosts 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.”

On the back of these promoting business indicators and economic potential, Tilal Properties expects 2020 to witness spiraling demand for real estate in general, 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.

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 AED14.7 billion were conducted during H1 -2019 as compared to AED 22.5 billion in 12 months in 2018.

Al Shaibani continued: “At Tilal Properties, we are aware of the importance of the distinctive geographical location boasted by the Emirate of Sharjah 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’, which reflects the ambitious vision of the Government of Sharjah, and translates the sage directives of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah.

Tilal Properties is working to promote this growth and support the investment sector in Sharjah by providing premium, mouth-watering investment opportunities in Tilal City for all nationalities.

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 is working closely with various government departments and private companies to ensure synergy and integration of potential with the ultimate goal of promoting investments in Sharjah.

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 the Emirate of Sharjah, especially in 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.


CategoriesPress Release

Top 100 GCC Real Estate Developers: Tilal Properties

top 100 gcc real estate developers

Sharjah-based developer of residential complexes and freehold projects is the company behind Tilal City and Tilal Mall.

Tilal Properties, a developer of residential complexes and freehold projects in Sharjah has been led by director-general Khalifa Al Shaibani.

The developer is behind projects including the 232ha Tilal City and its latest retail project, Tilal Mall.

Construction Week’s Top 100 GCC Real Estate Developers 2019 list is a compilation of the region’s most influential and successful property firms.
The list has been produced based on publicly available information and is not a ranking.


CategoriesPress Release

Tilal unveils promotional plan for flagship Sharjah project

Tilal Properties, a Sharjah-based real estate developer, has established a six-month promotional platform for its flagship project ‘Tilal City’ at the Sharjah Real Estate Registration Department.

The plan, which is developed by Tilal Properties, comes at a time when Sharjah is witnessing a real estate boom.

As per recent data released by the Sharjah Real Estate Registration Department, property transactions worth Dh14.7 billion ($4 billion) were conducted during the first half, in a clear indication of the significantly continuous growth witnessed by the sector in the emirate and its ability to attract local, Arab and foreign investors.

A total of 27,588 real estate deals were sealed across the emirate during the first six months of the year, with a total of over 24 million sq ft of real estate traded during the mentioned period.

Ala’a Masoud, the head of sales and marketing at Tilal Properties, has expressed his optimism about the ongoing promotion plan and marketing strategies launched for the second half of the year.


CategoriesPress Release

Tilal Properties Provide Free-Hold Facilities for Arab Nationals, Renewable 100-Year Leaseholds for Non-Arabs

Tilal Properties has announced that all nationalities may purchase land at its flagship development, Tilal City, in Sharjah.

H.E. Khalifa Al Shaibani, Director General of Tilal Properties, has stated new ownership laws allow Emiratis, GCC citizens and all Arab nationals to purchase land on a freehold basis at the development, while renewable 100-year leaseholds are available, for the first time, to other nationalities without having to be UAE residents.

Al Shaibani noted that the new ownership regulations being applied by Tilal Properties are in line with the policy adopted by the Emirate of Sharjah to stimulate local and foreign investment across different economic sectors, notably the real estate and construction platforms.

“The new ownership structures echo the economic transformation witnessed by the emirate at the current period and go in unison with the government’s mid & long-term incentive plans whose aim is to ensure the social welfare and economic wellbeing of citizens and residents living in Sharjah,” Al Shaibani added.
He pointed out that the favourable credit ratings of Sharjah by global rating agencies earlier this year have strengthened the economic status of the emirate and sustained its future outlook.

“Global credit rating agency Standard & Poor’s has affirmed the Emirate of Sharjah’s BBB+/A-2 sovereign credit ratings long- and short-term, foreign and local currency, with a stable outlook. The agency also projected a gradual increase in economic growth within the next three years, supported by growth in the emirate’s construction, tourism and manufacturing sectors,” said Al Shaibani.
The agency also projects the emirate’s economy to grow 2 percent on an annual basis from 2018 through 2021, noting that the emirate’s economy is supported by a diverse production base, with process industries accounting for 17 percent of its GDP, while realty, wholesale & retail and financial sectors comprise more than 10 percent of GDP.

Moody’s Investors Service has, as well, affirmed Sharjah’s long-term A3 issuer rating and stable outlook, thanks to its resilient and diversified economy and the introduction of revenue-raising measures.
The rating agency maintained the emirate’s rating also partly thanks to improved performance of key government-related issuers which has lowered the risks posed by contingent liabilities to the government’s balance sheet and the government’s initiatives to stimulate FDI inflows.

In the meantime, Tilal Properties has announced it will showcase its flagship AED2.4 billion development, Tilal City, in the 12th annual Cityscape Abu Dhabi Conference, this week from April 17-19 at the Abu Dhabi National Exhibition Centre.

Tilal Properties’ senior executives are attending the three- day real-estate exhibition to promote the City’s unique investment opportunities to both global and regional developers, investors, as well as infrastructure and utilities providers.
Commenting on the company’s participation in the premier event, Al Shaibani said, “The completion of Tilal City’s infrastructure, as per the schedule we have set out from day 1, marks an important milestone as we continually seek to achieve our clients’ satisfaction through real estate developments that exceed their expectations in terms of distinction and affordable luxury, which enhances the Company’s position in the real estate market across the region.”
“The emirate’s first-of-its-kind development offers a unique opportunity to purchase land and build property within Sharjah’s first master-planned community development and provides promising opportunities for homeownership and purchasing land,” he added.

Once fully complete, Tilal City’s five zones, comprised of 1,850 land plots sprawling over 25 million-square-feet, will include office, retail, and mixed-use buildings. Additionally, a total gross leasing area of 115,982-square-metres will house “TILAL Mall”, a regional shopping center that will serve as the destination’s key retail facility.

Tilal City will also boast a wide range of facilities for residents such as education and community centers, as well as public amenities including parks, mosques, and schools. Buyers will have an opportunity to buy land plots in all zones including A, B, C and D which is planned to consist of buildings G+3, G+4, G+5 & G+1 villa, where the land plots are ready with complete infrastructure with a flexible payment plan up to 36 months. A total area of the project development’s 13 million-square-feet will be used for property sales and 12 million-square-feet is allocated for public facilities, roads, and parks.

Due to growing demand, Tilal Properties responded by offering ready buildings (G+4). Construction entered its final phase in Zone B, which is a residential zone that provides an energetic district for residents. In total, there are 382 apartment buildings within Zone B; 56 have retail units on the ground floor and the remaining 326 are apartment buildings without retail.

Zone A, which is preparing for construction, is a vibrant area that combines retail with residential apartments and consists of two distinctly different plot types. Zone A’s thirty-three G+3 buildings are currently being developed as a crescent, which overlooks the public park, adjacent to the planned Tilal Mall.


CategoriesPress Release

Tilal City opens sales for Zone B and D in Sharjah

United Arab Emirates, Sharjah: Sharjah has approved a budget of Dh22 billion for the fiscal year with 24 percent dedicated to the development of infrastructure, a move that supports on-going programs, particularly – Tilal City. The monumental project will be featured at the Acres Real Estate Exhibition from March 21st to the 23rd at Expo Center Sharjah.

Spread over an area of 25 million square feet in Sharjah, Tilal City is located on the Emirates Road(E-611), close to Dubai which is been developed by Tilal Properties. Tilal Properties is a joint venture between the emirate’s investment arm, Sharjah Asset Management, and Eskan Real Estate Development.

Following the sale success of Zone, A, and C at Tilal City, Tilal Properties have announced the sales launch for Zone B and D at the mixed-use community in Sharjah., Tilal City comprises of 1850 land plots and is the first opportunity for all nationalities UAE residents to buy land and develop properties in Sharjah. Thus far, Zone A and C have been made available to buyers and have sold 80 and 85 percent, respectively. It is noted that the Emirati, GCC and Arab nationals, whereas also non-Arab resident expatriates which include SEVERAL ASIAN NATIONALITIES have bought land at the mixed-use community.

Reports suggest that the number of real estate properties owned by GCC and Arab nationals in Sharjah is due to the emirate’s safe reputation and lucrative opportunities available for investment. The buyers will have an opportunity to buy plots in all zones including A, B, C and D which comprise of buildings G+3, G+4, G+5 & G+1 villa, where the plots are ready with complete infrastructure with a flexible in-house payment plan up to 36 months and 10 years finance plan from Sharjah Islamic Bank.“Since the launch of Zone, A, and C, we have received a huge number of buyers for our mixed-use community. The demand exceeded our expectations, and we are confident that Zone B and D will witness a higher turnout, as investors are now fully aware of the potential features that the project offers. Investors will have an opportunity to pay the amount in intervals which will not only lower the commercial pressure but also guarantee the security of the project,” said KHALIFA SHAIBANI, DIRECTOR GENERAL of Tilal Properties.
Tilal City is divided into four major zones, consisting of neighborhoods and residential clusters, which will offer affordable homes for residents while including commercial, office and retail space. The residential developments will be surrounded by a fifth zone, which will contain a shopping mall, central recreational park, and a 5-star hotel. Of the development’s total area, 13 million square feet will be used for property sales and 12 million square feet is set for public facilities, roads, and parks.