Khalifa Al Shaibani:
-Our property markets safe & balanced
-Plethora of options up for grabs for investors
SHARJAH: Tilal Properties, the leading real estate development and investment company and the premier developer of residential complexes and freehold projects in the Emirate of Sharjah, has announced its participation in the sixth edition of the ACRES Real Estate Exhibition on March 19-21, 2019, in cooperation with the Sharjah Real Estate Registration Department and the Real Estate Sector Business Group in Sharjah.
ACRES is targeting real estate developers, contractors, construction & property agents, banks, financial institutions, government departments involved in the real estate industry, insurance companies, property management services & owners, engineering services companies and project management firms.
During its participation in the event's sixth edition, Tilal Properties will offer a range of exclusive plots in Tilal City at competitive prices starting from AED100 per sqft for land plots of 10,000 sqft.
H.E. Khalifa Al Shaibani, Director-General of Tilal Properties, underlined the importance of participating in ACRES 2019, describing it as the leading real estate platform in the Emirate of Sharjah for its eminent real estate products that attract investors from different parts of the region.
"The land plots offered by Tilal Properties at ACRES this year represent a promising investment opportunity and meet the requirements of those seeking long-term residence after retirement. It's undoubtedly a valuable opportunity for developers to take advantage of the City's advanced infrastructure," he added.
He pointed out that work will start over the coming three months to link Tilal City with key exits and entries on the Emirates Road.
"The real estate market in Sharjah is one of the most promising in the Middle East because it abounds in myriad business opportunities, including attractive returns for investors," he said.
"The real estate market in Sharjah is safe and balanced. This is why we've decided to participate in this year's edition of ACRES to promote the advantages boasted by the Tilal City, which we introduce in line with the vision of the Government of Sharjah, to launch an innovative model city boasting a strategic location and offering an ideal opportunity for those wishing to own or invest in the Sharjah real estate market.”
The City will combine Tilal Mall, which, upon completion, will be the largest fully-serviced business centre in the Emirate of Sharjah at an estimated gross area of 2 million sqft and a development cost of AED1 billion.
Tilal Properties is a joint venture between the emirate’s investment arm, Sharjah Asset Management, and Eskan Real Estate Development. According to the main planning of the project, the city can accommodate about 65,000 inhabitants. The master plan of the 25 million sqft City aims to develop a sustainable urban community spread over five key areas, including residential buildings, villas and homes with green spaces and corridors.
It represents a multi-purpose mixed-use real estate development that offers a unique opportunity to purchase land for housing purposes in a carefully planned and fully coordinated environment.
Tilal Mall will include a number of shops and luxury brands, modern cinemas, family entertainment centres, a range of luxurious and famous restaurants and a 65-hectare theme park.
The mall also includes a sprawling hypermarket that provides all visitors' needs in addition a health clinic and a pharmacy.
© Press Release 2019