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Sharjah, UAE - Majid Al Futtaim Communities, part of “Majid Al Futtaim Properties”, and Sharjah Asset Management, have announced the commencement of the handover for the second phase of Al Lilac, comprising 169 homes ranging from three-bedroom townhouses and courtyard villas to five-bedroom villas. Homeowners will soon experience an array of elevated living and lifestyle choices offered by Sharjah’s most desirable destination, in line with Majid Al Futtaim’s vision to create distinct communities and living spaces.
The handover of the second phase comes after the successful completion of the first phase of Al Lilac in March 2021 and follows the successful launch and handover of Al Jouri and Al Narjis. Reinforcing Al Zahia’s position as one of Sharjah’s most sought-after destinations, Al Lilac will be the third neighbourhood to be fully occupied within Al Zahia. The newest edition marks another milestone as Majid Al Futtaim and Sharjah Holding, continue to create exceptional destinations and sustainable environments.
“Al Lilac encompasses the finest in architectural design while offering discerning buyers an unmatched lifestyle. Today we take another step towards realizing Majid Al Futtaim's bold vision of creating a destination that celebrates and uplifts its residents every day. With this new milestone, we are well on our way towards redefining the Sharjah living experience, and we look forward to welcoming those who will soon call Al Zahia home,” said Yousuf Kazim, Managing Director UAE, Majid Al Futtaim – Communities.
The one-million-square-metre residential community, Al Zahia, owned by Sharjah Holding - a joint venture between Majid Al Futtaim Properties and Sharjah Asset Management - is within walking distance of the recently opened City Centre Al Zahia, the most exciting and innovative shopping and dining destination in Sharjah. Like all other celebrated neighbourhoods within Al Zahia, Al Lilac will offer residents a direct connection via an accessible bridge to the Northern Emirates’ largest mall.
“Rich in culture and diversity, Al Lilac appeals to those who seek a combination of grandeur and home comforts, making it one of Sharjah’s most desired and distinctive neighbourhoods. Adding to the appeal is the neighbourhood's rich architecture, lavish amenities and unparalleled lifestyle benefits, which make it the cultural heart of Sharjah’s premier lifestyle destination,” said Walid Al Hashimi, CEO of Sharjah Holding.
Designed to provide a welcoming environment ideally suited for families, Al Zahia offers homeowners contemporary and well-designed homes, surrounded by green spaces and a range of upscale amenities. Residents and their guests can enjoy access to curated wellness, leisure, and entertainment facilities including resort-style swimming pools, a signature restaurant, a gym, and a multipurpose hall.
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About Al Zahia
Al Zahia – owned by Sharjah Holding and managed by Majid Al Futtaim Properties – is a milestone development that will help diversify the real estate sector of the Emirate of Sharjah. Sharjah’s premier lifestyle destination – rooted in the emirate’s values of family, community and culture – Al Zahia is on par with the high-quality, international building standards for which its developer, Majid Al Futtaim Properties, is known.
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About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 17 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 29 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, Mall of Oman, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in over 30 markets across the Middle East, Africa and Asia, operating a portfolio of more than 375 outlets including City+, the region’s first checkout-free store, and an online store.
Majid Al Futtaim operates more than 500 VOX Cinemas screens as well as a portfolio of world-class leisure and entertainment experiences across the region including Ski Dubai, Ski Egypt, Dreamscape, Magic Planet, Little Explorers and iFLY Dubai. The Company is parent to a Fashion, Home and Specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon athletica, Crate & Barrel, Maisons du Monde, LEGO and THAT, a Majid Al Futtaim fashion concept store and app. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management.
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About Sharjah Holding PJSC
Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, is a community-focused real estate developer. Sharjah Holding’s current focus is on the development and management of retail and mixed-use projects in the Emirate of Sharjah. These include Matajer, a neighbourhood shopping center concept, and Al Zahia, Sharjah’s premier lifestyle destination.
Note to the Editor: The legal name of this company is “Majid Al Futtaim” and should not be shortened or replaced by an acronym to avoid confusion with another business entity.
Disclaimer: All facts and figures in this release are accurate at the time of issuance.
© Press Release 2021
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