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Tilal Properties to participate in Cityscape Abu Dhabi 2017
Sharjah, April 11, 2017
Tilal Properties - the Sharjah-based real estate developer and the first company to develop freehold and leasehold properties in the emirate - will be showcasing its flagship projects at the 11th edition of Cityscape Abu Dhabi, which takes place from April 18-20 at Abu Dhabi National Exhibition Centre.
Held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, the three-day event in the UAE capital will bring together 100 local, regional and international property companies.
Tilal Properties is aiming to make best use of the event to build on the successes from its real estate projects currently under development. The company’s recent undertakings have contributed to strengthening Sharjah's stature as a destination for lucrative real estate investment in the UAE and the region, especially after the enactment of the emirate's legislation that allows freehold options for all nationalities.
Taking pride of place at Tilal Properties’ stand at the exhibition are two of its new developments; Tilal City, the largest real estate project in the emirate and one that will house 65,000 residents, and Tilal Mall, which will become Sharjah's largest commercial and retail destination upon its completion by the end of 2020.
Khalifa Al Shaibani, Director General of Tilal Properties, referred to the affordable prices of real estate at the development, where residential properties are sold for an average of AED200 per square foot and commercial properties at an average of AED250 per square foot. Al Shaibani pointed out that the Sharjah Islamic Bank offers a package of real estate finance options that extend up to 10 years.
Split into five zones (A-B-C-D-E), the master-planned community of Tilal City will spread over an area of 25 million square feet once complete. Tilal Properties has already finished the infrastructure works on the first phase of the city, including sewage pipelines, electricity lines, telephone cables and road works in zones A and C, with zone A designated for residential buildings and mix-use properties and zone C comprising residential villas.
Commenting on the rate of sales, Al Shaibani revealed that the demand for buying plots at Tilal City had not ceased since they were first offered on the market two years ago. Tilal Properties has already registered the highest percentage of sales in the emirate, with 95 per cent of land plots already sold within zones A and C and 50 per cent within zones B and D.
Strategically located on Emirates Road (E611), Tilal City is only two kilometres away from Dubai and a 10-minute drive from Sharjah International Airport. It offers Arab residents in the UAE an opportunity to purchase freehold properties in the emirate and gives usufruct right for foreign expatriates to buy properties on a 100-year leasehold basis.
For more information about Tilal City project, please log onto the official website of Tilal Properties: http://tilaluae.com/projects/tilal-city/.
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For further information contact:
Mousa Nimer
Senior Account Manager
National Networking Communications (NNC)
+971 50 222 0561
m.nimer@nncpr.com
About Tilal City
Tilal City is a new AED2 billion mixed use development located on Emirates Road (E611) in Sharjah. The project is the first of its kind in the emirate and offers a unique opportunity to purchase land and build property within Sharjah’s first masterplanned community.
Tilal City comprises 1,855 land plots, combined with parks, education and community facilities. 100-year leaseholds are available, for the first time, to UAE resident expats. GCC nationals and other Arab residents of the UAE can purchase land at Tilal City on freehold basis.
About Tilal Properties
Tilal Properties is a joint venture between Sharjah Asset Management and Eskan Real Estate Development LLC to focus on the establishment, development and management of real estate projects in Sharjah. The vision of Tilal Properties is founded in the developmental boom achieved by Sharjah under the directives of His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah. Tilal Properties plans to develop a series of high-quality real estate projects in Sharjah.
© Press Release 2017