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Sat 12 Sep 2015 09:51 AM

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Sharjah's $653m Tilal City to start handovers in 2016

Tilal Properties says initial roadworks completed, marking major milestone for development

Sharjah's $653m Tilal City to start handovers in 2016

Tilal Properties, the Sharjah-based real estate developer, has announced that initial roadworks have now been completed at its AED2.4 billion ($653 million) Tilal City development in Sharjah.

The announcement marks a major milestone in the progress of Tilal City, the developer said in a statement.

The development comprises 1,855 land plots, offering the opportunity to GCC nationals as well as UAE residents to buy or lease land and develop properties in Sharjah for the first time ever.

The roadworks at the development is being carried out by Al Marwan General Contracting Company (MGCC), the statement said.

It added that the completion of the initial phase of works now paves the way for sewage and water pipelines as well as cable laying for electricity. Once these activities have been achieved, we will begin demarcating the plots.

Haysam Jazairi, business development executive director at Tilal Properties, said: "Tilal City is one of the most exciting developments not only in Sharjah, but in the wider UAE. The completion of the initial roadworks marks significant progress for the project, as we prepare to hand over the first land plots to developers next year."

Split into five zones (A-E), the Tilal City development will occupy an area of 25 million square feet and provide affordable housing for up to 65,000 residents in apartments, villas and townhouses.

"Tilal City is the largest development project we have undertaken in the region and we are very pleased with the progress made on site so far," said Al Marwan General Contracting Company's project manager at Tilal City.

"With the initial roadworks now completed, we are on track to enable Tilal Properties to hand over the first land plots in 2016 as per project schedule."

Earlier this year, Tilal Properties announced that 70 percent of land plots within two of the development's key zones had been sold.

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