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Tue 20 Mar 2018 02:21 PM

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Strong demand seen for $6.8bn Sharjah mega project homes

Sharjah Waterfront City developer says 65% of residential villas sold less than a month after they went on sale

Strong demand seen for $6.8bn Sharjah mega project homes

Sharjah Waterfront City (SWFC) has sold 65 percent of its residential villas less than a month after they went on sale, the master planned community’s developer has announced.

The first phase of the Emirate’s largest mixed-use community development, the third largest in the UAE, is being built on Sun Island and will offer 321 three and four bedroom villas to be handed over at the end of 2019.

The sales campaign for the properties will continue at the Acres Middle East real estate exhibition in Sharjah from March 21-23, where it expects to sell the balance properties and unveil new clusters for sale.

“Our latest offer is unbeatable – even for any properties in the Northern Emirates. We want end-users to start buying beachfront homes and enjoy a superior lifestyle on the beach and within a gated waterfront community that includes a water theme park, a large shopping mall, 14 hotels, retail district, plenty of choices in food and beverage options to choose from – all spread across eight islands and on the beachfront landscape,” said Sheikh Abdullah Al Shakrah, Chairman of Sharjah Oasis Real Estate Developments.

“We are offering this for a limited time and for limited number of units the prices of which will continue to go up as we move closer to development and delivery.”

Being built at a cost of $6.8 billion, SWFC will cover an area exceeding 60 million square feet, and will host more than 60,000 residents.

The development will include more than 95 high-rise towers, 1,500 villas and townhouses, 14 hotels and serviced apartments, two shopping malls, a water theme park, and a marina with a capacity of 800 berths, all within eight islands that will have 36 kilometres of waterfront beaches.