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Sun 15 Sep 2019 03:04 PM

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Sharjah Holding launches new 1.4 million sq ft neighbourhood in Al Zahia

Buyers in 'Orchid' will be able to design and build luxury mansions and villas at Al Zahia

Sharjah Holding launches new 1.4 million sq ft neighbourhood in Al Zahia

Sharjah Holding, a partnership between Majid Al Futtaim Properties and Sharjah Asset Management, has launched Orchid, a new 1.4 million sq ft neighbourhood in the Al Zahia development in the Northern Emirates.

It will be the first time buyers will be able to design and build bespoke mansions and villas in Al Zahia.

Plots range from 5,000 sq ft to 12,000 sq ft

The development has a direct connection to the Northern Emirates’ largest mall – the AED2.6bn City Cenre Al Zahia, which is due to open in 2020 – and Sharjah’s biggest private park – Al Zahia Central Park.

Buyers can benefit from a range of flexible payment plans with a down payment of 5 percent.

Waleed Al Sayegh, chairman of Sharjah Holding, said: “Widely recognised as a centre for culture, heritage and education, Sharjah is also a hub for investment. The appeal of the emirate’s advanced infrastructure, legislation, economic stability and geographic location was reflected in real estate transactions valued at more than AED14 billion in the first half of 2019.

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