United Engineering Construction Co. (UNEC), which boasts a portfolio of premium developments in the UAE, will oversee the construction of Al Yasmeen, ensuring the neighbourhood lives up to the high expectations placed on every Majid Al Futtaim community.
Walid Al Hashimi, Sharjah Holding’s Chief Executive Officer, added, “Sharjah is full of ambition, and we’ve been sure to instil the same across Al Zahia. Contrasting the emirate’s urban energy with luxurious modern homes, Al Yasmeen is the next piece in the puzzle. The neighbourhood redefines the modern living experience while reflecting Al Zahia’s commitment to respectfully upholding Sharjah’s rich culture and traditions. Al Yasmeen is also yet another investment in the community, being a place that will empower residents to live the fulfilling lives they deserve. We’re pleased to push on with our partners toward Al Zahia’s completion in 2023.”
Like the wider Al Zahia community, Al Yasmeen neighbourhood will reflect the traditional values of Sharjah in a progressive, welcoming community. Its homes will be nestled among six themed sensorial parks, each designed to stimulate and rejuvenate residents. The exclusive-to-residents Clubhouse will provide resort-style living and a place to socialise and unwind, while a direct connection to the upcoming City Centre Al Zahia — the northern emirates’ largest mall — will ensure ultimate convenience.
Al Yasmeen also upholds Al Zahia’s status as the first development in the UAE and the Middle East to be awarded the BREEAM Communities Interim Certification — a measure of the community’s unwavering commitment to sustainable design and development.
Al Zahia is part of the strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management. On completion, the entire Al Zahia development will include a total of 3,700 homes. Al Zahia is located off Sheikh Mohammed bin Zayed Road and directly on University City Road. To date, 55 per cent of the project has been sold, with 800 families already in residence.
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Sami Al Ghadban – Media Relations
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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. Sharjah’s premier lifestyle destination – 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 PJSC
Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, 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 Al Zahia, Sharjah’s premier lifestyle destination.
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 16 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 27 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in a number of markets across the Middle East, Africa and Asia, operating a portfolio of more than 300 outlets and an online store.
Majid Al Futtaim operates more than 500 VOX Cinemas screens and 34 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai, iFly Dubai, Dreamscape and Ski Egypt, among others. The Company is parent to the consumer finance company 'Najm', and a Fashion, Home and Specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon athletica, Crate & Barrel, Maisons du Monde and LEGO. 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.
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© Press Release 2020