UAE-based Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, has opened the onsite sales centre for Tilal City, the first mixed use development in Sharjah.

Launched in November last year, Tilal City comprises 1,855 land plots, offering UAE residents an opportunity to buy or lease land and develop properties in the emirate Sharjah for the first time.

Strategically located on Emirates Road, Tilal City is close to the Al Dhaid interchange, 10 km from Sharjah’s International Airport and within convenient commuting distance to nearby emirates, with Dubai only two kilometres away.

Cluttons, the global real estate agent, is the exclusive marketing and sales partner of Tilal City.

The sales centre was inaugurated in the presence of Sheikh Sultan bin Ahmed Al Qasimi, the chairman of Tilal Properties.

Located on Tilal City development site on Emirates Road, the new facility marks an integral landmark for the Dh2.4 billion ($653 million) scheme.

Speaking at the opening, Sheikh Sultan said: "This is an important landmark in the project’s development, as it continues to serve the real estate vision in Sharjah, as well as benefit multiple segments of our society with accessibility and excellence in service."

"The economic growth generated by the real estate industryremains a significant contributor to the emirate’s overall development and GDP. It is imperative that this growth continues through new development opportunities," observed the top official.

"Tilal City plays a key role in this progress by attracting investment from both, Arab and expat residents from across the UAE and the wider region, therefore enhancing the positive impact on Sharjah’s economy," he added.  

Khalifa Al Shaibani, the director general of Tilal Properties, said: "The opening of the Tilal City sales centre is a real testament to the attractive investment opportunities that this scheme presents."

"The strong interest we’ve received from investors to date, confirms how the unique ownership opportunities are attracting buyers from across the Middle East region. We look forward to adding a new dimension to how we engage with our existing customers and potential new investors," he added.

The development allows buyers to select from a portfolio with options for sale, lease and personal use. Non-Arab  residents can purchase land plots on a 100-year leasehold basis within the scheme, with freehold land plots available for GCC nationals and UAE’s Arab residents.

Tilal Properties announced last month that sales in key zones A and C had reached 70 per cent.

Split into five zones (A-E), the master-planned community will occupy an area of 25 million sq ft and provide high-quality, affordable housing for 55,000 – 65,000 residents in apartments, villas and townhouses.

The launch was attended by Sheikh Mohammed bin Ahmed Al Qasimi, the director general of the Office of the Chairman of Sharjah Oil Council, Sheikh Khalid bin Ahmed Al Qasimi, the director-general of the Sharjah Department of Information and e-Government, Salah Butti Al Muhairi, the head of the Sharjah Directorate of Town Planning and Survey, Hamad Salem Al Mazrou, the director general of the Sharjah Department of Real Estate Registration, Osama Samra, the director of Sharjah Media Centre, and and other officials.-TradeArabia News Service