Contents
- 1 Kuwaiti Developers Launch AED 3.5 Billion Housing Project in Sharjah Amid Booming Property Market
- 2 Al Tay Hills Project Overview
- 3 Why Sharjah is Gaining Popularity Among Investors
- 4 Key Features of Al Tay Hills
- 5 Developers’ Legacy
- 6 The Bigger Picture: Sharjah’s Property Boom
- 7 Contact Information
- 8 Reference
Kuwaiti Developers Launch AED 3.5 Billion Housing Project in Sharjah Amid Booming Property Market
The UAE’s real estate market continues to attract global attention, and this time, Sharjah—a neighbor to Dubai—is at the forefront. Kuwaiti developers IFA Hotels & Resorts and Kuwait Real Estate have announced a groundbreaking AED 3.5 billion housing project named Al Tay Hills, aiming to capitalize on Sharjah’s property boom.
Al Tay Hills Project Overview
| Feature | Details |
|---|---|
| Developers | IFA Hotels & Resorts, Kuwait Real Estate |
| Project Value | AED 3.5 billion (S$1.3 billion) |
| Location | Near Sharjah-Dubai border, approximately 40 km from Downtown Dubai |
| Property Types | Townhouses, semi-attached villas, standalone villas |
| Number of Homes | 1,100 residential units |
| Unit Sizes | 3 to 6 bedrooms |
| Price Range | AED 1.8 million to AED 7.3 million |
| Amenities | Man-made river, restaurants, cafes, retail outlets, pools, walking & cycling tracks |
| Completion Timeline | Initial phase of 375 homes by Q1 2028 |
| Payment Plan | 30% during construction, 70% upon completion (mortgages available) |
Why Sharjah is Gaining Popularity Among Investors
- Affordable Housing: Prices in Sharjah remain significantly lower than in Dubai, making it an attractive option for buyers.
- Foreign Ownership: Sharjah’s decision to allow foreign property ownership in select areas has boosted demand.
- Proximity to Dubai: Just 40 km from Downtown Dubai, Sharjah offers a convenient alternative for those seeking more affordable yet luxurious living options.
- Modern Developments: Projects like Al Tay Hills signal a shift from older housing supply to modern, amenity-rich communities.
Key Features of Al Tay Hills
- Prime Location
- Located near Dubai’s border, providing easy access to the city while benefiting from Sharjah’s affordability.
- World-Class Amenities
- Leisure Options: Restaurants, cafes, and swimming pools.
- Active Lifestyles: Walking and cycling tracks amidst scenic surroundings.
- Unique Feature: A central man-made river enhances the aesthetic and recreational appeal.
- Flexible Payment Plans
- Buyers can pay 30% during construction and 70% upon completion, offering financial flexibility.
- Diverse Housing Options
- Ranging from townhouses to standalone villas, catering to families of various sizes.
Developers’ Legacy
- IFA Hotels & Resorts: Known for iconic developments on Dubai’s Palm Jumeirah, including the Golden Mile and Fairmont Hotel and Residences.
- Kuwait Real Estate: One of the Gulf region’s oldest developers, with a history of resilience and success in the UAE’s property market.
The Bigger Picture: Sharjah’s Property Boom
Sharjah’s real estate market is undergoing a transformation:
- Arada Developments: Backed by Saudi royalty, developing a US$9.5 billion project.
- Other Major Players: Abu Dhabi’s Eagle Hills and Sharjah’s Alef Group are contributing to the city’s modernization.
- Growing Demand: Buyers are drawn to the emirate’s affordability and the government’s pro-investor policies.
Contact Information
- Phone: +971 54 480 9359
- Email: info@evantisrealty.com
- Website: https://evantisrealty.com/
- Explore More Properties: Off-Plan Listings
Reference
Evantis Realty is a leading real estate brokerage in Dubai, specializing in high-end properties across the city. With years of experience and a deep understanding of the market, Evantis Realty offers personalized service and expert advice to help clients navigate the dynamic Dubai real estate market with confidence.
