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Sharjah Holding's Al Zahia launches Al Lilac, its newest neighbourhood

Sharjah Holding's Al Zahia launches Al Lilac, its newest neighbourhood

Sharjah's first gated community continues to expand with the launch of 120 homes

Sharjah, UAE, 8 April 2017 

Sharjah Holding PJSC, a strategic partnership between the government of Sharjah and Majid Al Futtaim Properties, announced that Al Zahia, Sharjah’s award-winning, master planned community has launched the Al Lilac neighbourhood on Saturday, April 8, 2017.

Al Lilac, the third neighbourhood in Al Zahia, comprises three-bedroom townhouses, four and five-bedroom villas and the newly introduced three-bedroom courtyard villas. The neighbourhood will provide a host of conveniences including areas for recreation, worship and childcare, in addition to communal areas and access to retail facilities.

Designed to meet the needs of the entire family, Al Lilac boasts a number of top-tier amenities including a themed, 6,000-square-metre sensory park with interactive sculptures and landscaped areas. In addition, a series of integrated footpaths connect to Al Zahia’s five additional themed parks, providing residents with a number of alternate pathways for jogging, walking and cycling.

Structured in the form of seven individually designed neighbourhoods, Al Zahia is currently home to 50 families in its first neighbourhood, Al Jouri (Phase I), with handover of 200 homes in Al Jouri (Phase II) currently underway, bringing the total number of homes in the neighbourhood to 250. The second neighbourhood, Al Narjis, is 85% sold and currently under construction, while Al Lilac, the third neighbourhood, will see the release of an additional 120 homes.

Commenting on the milestone, Hawazen Esber, CEO of Communities at Majid Al Futtaim Properties, said: “The Al Lilac neighbourhood launch reinforces our vision to create more great moments for families and is a true representation of Majid Al Futtaim’s ability to lead by example, developing high quality living experiences for our homeowners and residents.”

The Al Lilac neighbourhood has been designed to suit current and future demand, incorporating homeowners feedback to create more well-designed spaces that suit their requirements for daily life.

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Walid Al Hashimi, Chief Executive Officer, Sharjah Holding, said: “Al Zahia’s continued growth is a testament to Sharjah Holding’s promise to deliver quality homes while building a brand that has become synonymous with family living in Sharjah.”

Al Zahia is a premium residential destination in Sharjah with six themed parks, leisure facilities and prime retail. The community will feature 2,270 residential units upon completion in 2022, ranging from spacious 3, 4 and 5-bedroom villas and townhouses to apartments of various sizes, designed to meet the needs of families in every aspect.

A landmark community strategically located between Sheikh Mohammed bin Zayed Road and University City Road, Al Zahia is located close to convenient road network links connecting it to the rest of Sharjah and just minutes away from Healthcare City, University City, the school district and the adjacent Al Qarayen neighbourhood.

Adhering to the highest international standards of environmental sustainability, Al Zahia is also the first BREEAM-certified residential development in the UAE and the Middle East.

-Ends-

Disclaimer: All facts and figures in this release are accurate at the time of issuance.

About Al Zahia
Al Zahia – owned by Sharjah Holding and managed by Majid Al Futtaim Properties – is a milestone development that will help diversify the real estate sector of the Emirate of Sharjah. As Sharjah’s first integrated, mixed use gated community – rooted in the emirate’s values of family, community and culture – Al Zahia is on par with the high-quality, international building standards for which its developer, Majid Al Futtaim Properties, is known.

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About Sharjah Holding JSC
Sharjah Holding, a strategic partnership between the Government of Sharjah and Majid Al Futtaim Properties, is a community focused real estate developer. Sharjah Holding’s current focus is on the development and management of retail and mixed use projects in the Emirate of Sharjah. These include Matajer, a neighbourhood shopping centre concept, and a major integrated mixed-use community.

Note to the Editor: The legal name of this company is “Majid Al Futtaim” and should not be shortened or replaced by an acronym to avoid confusion with another business entity.

About Majid Al Futtaim 
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.

A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 34,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.

Majid Al Futtaim owns and operates 20 shopping malls, 12 hotels and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Asia, and operates a portfolio of more than 170 outlets in 15 countries.

Majid Al Futtaim operates 242 VOX Cinema screens and 28 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai and iFly Dubai, among others. The Company is parent to the consumer finance company issuing 'Najm' and ‘Voyager’ credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints and lululemon athletica, and a healthcare business that operates City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.

www.majidalfuttaim.com

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© Press Release 2017

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