Tilal Properties, the joint venture between Sharjah Asset Management and Eskan Real Estate Development,inaugurated, on Thursday April 30, the onsite sales centre of its flagship development Tilal City- Sharjah’s exclusive mixed use development – in the presence of His Excellency (HE) Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Tilal Properties.
The opening was attended by Sheikh Mohammed bin Ahmed Al Qasimi, Director General of the Office of the Chairman of Sharjah Oil Council, Sheikh Saqr bin Ahmed Al Qasimi, Sheikh Khalid bin Ahmed Al Qasimi, Director-General of the Sharjah Department of Information and e-Government, Salah Butti Al Muhairi, Head of the Sharjah Directorate of Town Planning and Survey, Hamad Salem Al Mazrou, Director General of the Sharjah Department of Real Estate Registration, Osama Samra, Director of Sharjah Media Centre, and Khalifa Al Shaibani, Director General of Tilal Properties, as well as a crowd of VIPs and representatives of local, Arab and international media.
The launch event offered an opportunity for attendees to receive progress updates from TilalProperties’ management, view the plans for the new sustainable community and register their interest to purchase land plots for development.
The new sales centre – located on Tilal City development site on Emirates Road – marks an integral landmarkfor theAED2.4 billion scheme.
Launched in November 2014, Tilal City comprises 1,855 land plots, offering UAE residents an opportunity to buy or lease land and develop properties in the emirate Sharjah for the first time.
Speaking at the event, HE Sheikh Sultan bin Ahmed Al Qasimi said: “The opening of the Tilal City sales centre is an important landmark in the project’s development, as it continues to serve the real estate vision in Sharjah, as well as benefit multiple segments of our society with accessibility and excellence in service.”
“The economic growth generated by the real estate industryremains a significant contributor to the emirate’s overall development and GDP. It is imperative that this growth continues through new development opportunities. Tilal City plays a key role in this progress by attracting investment from both, Arab and expat residents from across the UAE and the wider region, therefore enhancing the positive impact on Sharjah’s economy,” Al Qasimi added.
Khalifa Al Shaibani, Director General of Tilal Properties, said “The opening of theTilal City sales centre is a real testament to the attractive investment opportunities that this scheme presents.”
He continued: “The strong interest we’ve received from investors to date, confirms how the unique ownership opportunities are attracting buyers from across the Middle East region. We look forward to adding a new dimension to how we engage with our existing customers and potential new investors.”
The development allows buyersto select from a portfolio with options for sale, leaseand personal use. Non-Arab residents can purchase land plots on a 100-year leasehold basis within the scheme, with freehold land plots available for GCC nationals and UAE’s Arab residents.Tilal Properties announced last month that sales in key zones A and C had reached 70 percent.
Split into five zones (A-E), the master-planned community will occupy an area of 25 million square feet and provide high-quality, affordable housing for 55,000 – 65,000 residents in apartments, villas and townhouses. Strategically located on Emirates Road, Tilal City is close to the Al Dhaid interchange, just ten kilometres from Sharjah’s International Airport and within convenient commuting distance to nearby Emirates, with Dubai only two kilometresaway.
Cluttons, the global real estate agent, is the exclusive marketing and sales partner of Tilal City.