SNASCO receives an overwhelming response for Sharjah's Al Basateen residential development

To date over 40% of this residential project has been sold during the last period.

'We at SNASCO are pleased with the reaction we have received for this venture thus far as demand has been extremely high for the buying of land and units in this project. This scheme has been based upon in-depth studies that have been designed to the highest standards and features are aimed at providing the best options for investors. The company has taken into consideration the development instructions and guidance of H.H. Sheikh Dr. Sultan Bin Mohammed Al Qassimi, Member of the Supreme Council and Ruler of Sharjah, which has seen much benefit for us. This project has been planned and implemented upon these right instructions, thus we at SNASCO are very pleased with the growing response and demand for the buying of land in this project, which was expected.' said Sheikh Saleh N. Al-Sorayai, Chairman of SNASCO.

He added: 'We have developed a strategy based on presenting distinct projects with proper and competing prices and we are executing it according to international standards and features, which meet with the local market and its demands'.

Initially announced at the end of September, the Al Basateen Project, located near Sharjah University City, will offer villas ranging in size from 6,000 sqft to 15,700 sqft, as well as a large mall, entertainment centers and schools. This complete residential and commercial project has generated a great deal of interest, reflecting the strong investor confidence and robust demand for commercial and residential property within the UAE.

A number of key investors and Sharjah officials say that the development of Al Basateen will move ahead in harmony with the UAE's fast paced and booming property sector and prominently feature in the Emirate's overall progress and advancement, impacting positively on its real estate and construction sector.