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Sat 14 Dec 2019 12:52 AM

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UAE's first property value protection scheme launched

Sharjah Holding launches programme that guarantees that investments are protected against any future changes in price

UAE's first property value protection scheme launched

Upon completion in 2023, Al Zahia will be home to more than 12,000 residents in villas, townhouses and apartments with leisure facilities and prime retail offerings.

Sharjah Holding, a partnership between Majid Al Futtaim Properties and Sharjah Asset Management, has launched the UAE’s first value protection programme.

Available for a limited time, the programme guarantees that investments are protected against any future changes in price, enabling home-owners of all nationalities to invest with confidence in Al Zahia, its flagship project in Sharjah.

The programme is available for homes in the neighbourhoods of Al Lilac, Al Yasmeen and Uptown Al Zahia, which has a direct connection to City Centre Al Zahia, set to open in 2020.

It will be available until December 31, the company said in a statement.

Shadi Al Azzeh, Al Zahia project head at Majid Al Futtaim Properties, said: “We are constantly striving to meet our customers’ needs, and we understand that buying a home is a significant decision. With our Value Protection Programme, buyers have the assurance that they are receiving the best value when they invest in Sharjah’s premier lifestyle destination.”

Upon completion in 2023, Al Zahia will be home to more than 12,000 residents in villas, townhouses and apartments with leisure facilities and prime retail offerings.

A pedestrian bridge in the community will provide a direct connection to the AED2.6 billion City Centre Al Zahia – a super-regional mall set to open in 2020.

Waleed Al Sayegh, chairman of Sharjah Holding, said: “An investment in Al Zahia is an investment in a prosperous future and the growth of the UAE’s fastest growing economy. The high demand for the emirate’s advanced infrastructure, legislation, economic stability and geographic location was reflected in real estate transactions valued at more than AED18.9 billion from January to October.”

Recently, Al Zahia launched Orchid, a neighbourhood featuring a limited number of exclusive residential plots for bespoke signature homes and Sharjah’s largest private park.

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