Infrastructure work has been completed at a massive new mixed-use project in Sharjah, developers have announced.
Tilal City is being built by Tilal Properties, a joint venture between the emirate’s investment arm, Sharjah Asset Management, and Eskan Real Estate Development.
Tilal Properties said it is now in the process of developing 33 buildings as part of Zone A which will be designed as a crescent which overlooks a public park. There are 251 apartment buildings within Zone A and a further 45 buildings offering terraced retail and apartments.
Tilal City is a city of five zones and comprises 1,850 land plots, combined with a regional mall, Tilal Mall, parks, education and community facilities.
The project offers 100-year leaseholds for the first time to non-Arab UAE residents while all Emiratis and Arab nationals can purchase land at Tilal City on a freehold basis.
The project will include office, retail and mixed-use buildings over a total area of 25 million sq ft. The AED2.4 billion development will be home to around 65,000 residents, the developer added.
“Sharjah’s real estate market has a long of growth potential. Tilal City is a reflection of the evolving nature of UAE’s real estate with elegant, welcoming and comfortable environment. Due to the high demand and positive feedback, we were able to complete several buildings in zone B and expand the construction to zone A,” said Khalifa Shaibani, director general of Tilal Properties.
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