Tilal Properties, the leading real estate development & investment company and the premier developer of residential complexes and freehold projects in the Emirate of Sharjah, has announced the launch of investment packages for real estate developers, agents and investors for its flagship project ‘Tilal City’.
The announcement was made at a Ramadan Suhoor banquet hosted by Tilal Properties, a joint venture between the emirate’s investment arm Sharjah Asset Management and Eskan Real Estate Development, at Grand Hyatt hotel, Dubai, in the presence of a number of top real estate investors, developers, and brokers from the UAE and other neighbouring countries.
The event witnessed insightful discussions involving Tilal Properties’ representatives and the invitees about the distinctive advantages of the infrastructure, which is completed, at the multi-purpose mixed-use Tilal City. One of the highlights of the infrastructure is a 132-kilowatt power station, in addition to the city's modern internal road network, including its road signs and symbols, substations, sewerage systems, central gas pipelines and rainwater drainage systems, as well as road lightings in the city, now viewed as a model, integrated development thanks to its distinctive and strategic location in the emirate.
The discussions also included the freehold land plots being offered by Tilal Properties, which undoubtedly represent a valuable opportunity for developers to take advantage of the City's advanced infrastructure and its proximity to Dubai through the Emirates Road (E-611).
The city’s residential offerings include buildings, townhouses, as well as detached and semi-detached villas, green spaces, nurseries, schools, mosques, in addition to region’s largest trade centre and shopping mall as well as a five-star Hilton hotel.
A 25 million square-feet sustainable urban community spread over five key areas, including residential buildings, villas and homes with green spaces and corridors, Tilal City represents a multi-purpose mixed-use real estate development that offers a unique opportunity to purchase land for housing and investment purposes in a carefully planned and fully coordinated environment.
Addressing the audience, H.E. Khalifa Al Shaibani, Director General of Tilal Properties, extended sincere thanks to H.H. President Sheikh Khalifa bin Zayed Al Nahyan; His Highness Sheikh Mohammad bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and their brothers, Rulers of the Emirates, and the people of the UAE, on the occasion of the holy month of Ramadan, asking Allah Almighty to perpetuate the prosperity and security of the UAE and its people.
Al Shaibani said: “Tilal Properties’ vision is based on the developmental transformation achieved in the Emirate of Sharjah thanks to the directives of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, which contributed to the establishment of a strong investment-conducive environment. Today, Tilal City represents an ideal opportunity for those looking for homeownership or investment opportunities alike thanks to its multi-purpose mixed-use potential and the quality and standards of the city's infrastructure.”
“Spreading over 25 million sqf, the City represents an ideal investment destination in the Emirate of Sharjah, being the first joint residential-cum-commercial development between the Emirate’s government and private sector,” he added.
“Tilal Properties sells freehold land plots to Emiratis, along with GCC and Arab nationals, including residents and non-residents. While all other nationalities are entitled to a renewable 100-year leasehold without having to have a valid UAE residency visa,” he said.
© Press Release 2019