Sharjah Sahara City project under review

Al Nahda Real Estate, the owner of Sahara Centre, is studying the market on whether to proceed with the 6 billion dirhams Sahara City project in Sharjah, according to Emirates Business.

Jean Pierre Nammour, Managing Director, Al Nahda Real Estate, says the company is proceeding with the retail expansion in the eastern part, but is still to decide on the other aspects of the city.

Mr Nammour told the newspaper: "We have instructed our architects and engineers to tell us at which date we have to decide whether to proceed with the towers above the east retail expansion.

"If they say in 14 months we have to make a decision, because that is when the construction reaches its critical point, then in 14 months we have to decide whether we are going to proceed with the towers or not."

"At that point, we will look at the then current situation and assess how the future would be. If we see the future is rosier than it is today we will proceed," he added.

The project is set to more than double the size of Sharjah's largest shopping mall and will create a township that will include four residential towers.

Nammour said the three levels of retail on the eastern side is already 85 per cent pre-let and would be completed by September 2010.

The whole eastern expansion would cost 1.4 billion dirhams but only 600 million dirhams for the retail side has been secured, according to the newspaper.

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