After Dubai, the Sharjah real estate sector is witnessing increased activities of late, with ASAS Real Estate Company, the real estate arm of Sharjah Islamic Bank (SIB) joining the race, launching the second phase of its Al Rahmaniyah commercial lands project.
The project, involving a total area of approximately 1.2 million square feet, will have 318 commercial plots for sale.
Strategically located in the Rahmaniyah suburb of the emirate, the project is to benefit from its close proximity to Emirates Road, Sharjah Airport, and Sharjah University City as well as government buildings, schools, and the Rahmania Mall.
Ahmed Al Amiri, General Manager of ASAS Real Estate, said the company’s commercial lands project represented a valuable addition to the upcoming real estate projects in Sharjah to meet the needs of the growing urban population.
“The project will strengthen Sharjah’s position as an ideal destination for local and international investors and owners,” he said.
Al Amiri said investors from around the world were keen to acquire real estate assets in Sharjah because of its strong and diverse infrastructure, supported by the emirate’s strong legislative structure that preserves the rights of owners, investors, and developers alike.
He said the company planned to level land and internal roads at the project site during the next few years.
The project launch followed increasing demand for the company’s latest real estate projects, Al Amiri said.
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