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Fri 13 Feb 2015 10:08 AM

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Shoumous announces new $149m residential project in Sharjah

Developer says it plans to start handovers by end of 2015; buyers offered chance to design homes from scratch

Shoumous announces new $149m residential project in Sharjah

Shoumous Properties has announced the launch of a new residential project in Sharjah, which claims to be the first in the UAE to offer customers the freedom to plan and build their dream homes.

The Shoumous Residential Complex built at a cost of AED550 million ($149.7 million) will begin handovers by the end of 2015, said the company – a partnership between UAE’s Albatha Real Estate Group and the Moafaq Al Gaddah (MAG) Group.

“For the first time ever, customers can purchase a premium plot of land in a fully serviced complex that allows them the freedom to plan and build their dream homes according to their own living concept and style,” said Dr Hani S Abu Auida, CEO of Shoumous Properties and vice chairman of the MAG Group.

“This is a unique proposition that we are offering and one not seen before in the country. We are providing customers with all the facilities and amenities they would expect of a premium real estate development,” he added.

Spread over 6.8 million square feet with 220 residential plots, Shoumous Residential Complex will offer six different sizes of plots, ranging from 18,442 to 39,297 sq ft. The complex will be a full-service integrated gated facility situated in the Al Tai district of Sharjah.

The complex will also offer a commercial centre, three parks, two mosques and a hypermarket.

Shoumous Residential Complex will be freehold for Arab nationals with UAE residency, enabling this segment of society to be able to buy and resell within the complex after receiving clearance from the Sharjah Real Estate Department.

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