Best Real Estate Investments Soon to Hit Sharjah’s Coasts

If you’ve become accustomed to the notion that only Dubai has the best real estate investments, then prepare to be proven wrong. Waterfront villas, water taxis, luxurious hotels, natural attractions and a lot more of development will grace the coasts of Sharjah, large and lucrative enough to entice investors with big appetites.

With the announcement of the extravagant Sharjah Waterfront City, the Emirate has thrown its hat into the real estate ring and earned the name of the third largest mixed-use project in the Gulf.  10 islands covering almost 60 million square feet scraped along 36 kilometers of waterfront have won the hearts of investors with its first phase budgeted at AED 9.5 billion. This will include a central business district, shopping centers, a luxury hotel and 24 mixed-use towers.

Recently the Sharjah government announced its successful implementation of electricity and back end services at some of the developments with the launch of a separate power grid. The first round of sales began as early as last year and saw an immediate response. 65 % of the Phase I units- 321 villas on Sun Island have been sold out. The villas have their own private beaches, private landscaped gardens, and ultra modern technologies.

To further boost projections, Sharjah Oasis announced five percent discounts on 3 and 5 bedroom hall beachfront villas. It also made quite the mark at the Acres Middle East real estate exhibition held from March 21-23.

Investors are already heading in numbers after Shaza Hotels (a subsidiary of the Kempinski Group) announced a five-star hotel on the development consisting of 300 rooms and 350 serviced apartments. Dusit Hotels and Resorts too has planned the construction of a 200 room hotel with 200 serviced apartments.

But that’s not the end. The Waterfront City is to see a water theme park, a shopping mall, 14 hotels and a retail district take shape as well. Completion is expected in the fourth quarter of 2019.