Tilal Properties, the leading real estate development and investment company and the premier developer of residential complexes and freehold projects in the Emirate of Sharjah, has recently been honoured with the “Best Infrastructure Project” award for its flagship project ‘Tilal City’, by the Arabian Business magazine.
This came at a ceremony at the Le Royal Meridien Beach and Resort & Spa in Dubai, which saw the presence of key property companies in the UAE along with a large number of businessmen and leading investors.
"I would like to thank the entire team of Tilal Properties for their efforts and dedication during the past period towards guiding Tilal Properties to notch the prestigious status we are boasting today," said Khalifa Al Shaibani, Director-General, Tilal Properties.
Al Shaibani added, “I’m also delighted to extend our appreciation to the organisers of the Arabian Business Awards for providing one of the most prestigious and unique awards across the region.
"Tilal City is one of the first multi-use freehold projects in the Emirate of Sharjah that can be described now as one of the most dynamic and viable projects in the Middle East, given the availability of investment opportunities and profitable returns it’s providing to investors in an emirate that has emphatically proved to be a safe haven for Emirati and foreign investors alike.”
Al Shaibani noted that real estate transactions worth AED5.2 billion were recorded in Sharjah in the first three months of 2019, citing official statistics released by the Sharjah Real Estate Registration Department.
A total of 13,195 transactions have been completed, including 1,131 sales deals in 122 areas covering a space of 10 million square feet in Q1-2019, according to the official data released for March quarter.
Tilal Properties has revealed that the construction work of 110 ready-to-move-in apartments have been completed, with many of the city’s landowners having embarked on the construction of their residential units, including villas and townhouses.
Earlier in the year, Tilal Properties announced the completion and operational readiness of Tilal City’s rainwater drainage treatment plant as well as the installation and operation of the city’s power plant in cooperation with Sharjah Electricity and Water Authority.
A 25-million square-feet sustainable urban community spread over five key areas, including residential buildings, villas and homes with green spaces and corridors, Tilal City represents a multi-purpose mixed-use real estate development that offers a unique opportunity to purchase land for housing and investment purposes in a carefully planned and fully coordinated environment.
The AED2.4 billion project is Sharjah's first master-planned community that will host around 65,000 residents once completed.
Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, offers a range of exclusive plots in Tilal City at competitive prices starting from AED100 per sqft for land plots of 10,000 sqft. Flexible payment plans and land finance arrangements are provided to potential landowners in collaboration with Sharjah Islamic Bank.
Located on Emirates Road (E611) with Sharjah International Airport just 10km away and the border of Dubai within 2km, Tilal City’s land plots are ideal opportunities for residential and commercial plots, being the first joint residential-cum-commercial development between the Emirate’s government and private sector.
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